FinDev Canada
VC Fund
Montréal, Canada
FinDev Canada is a development finance institution that offers financial solutions to businesses in developing countries, with the potential to develop markets, empower women, and mitigate climate change. It provides innovative and sustainable solutions for entrepreneurs in developing markets. It primarily invests in companies operating in thealternative energy, agriculture, and financial sectors.FinDev Canada was established in 2018 and is headquartered in Montréal, Quebec.
- Total investments:
- 39
- Last investment:
- Lead investor:
- 51%
Last updated:
For AI agents: llms.txt
Industries FinDev Canada invests in
Stages FinDev Canada invests in
Countries FinDev Canada invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Post-IPO Debt
- $20M–$350M
- Debt Financing
- $10M–$390M
- Venture - Series Unknown
- $10M–$20M
Investment Focus
Industry
- Financial Services 25 (64%)
- Banking 16 (41%)
- Finance 12 (31%)
- Credit 6 (15%)
- Energy 3 (8%)
Stage
- Debt Financing 25 (64%)
- Post-IPO Debt 5 (13%)
- Venture - Series Unknown 3 (8%)
- Private Equity 1 (3%)
- Convertible Note 1 (3%)
Country
- Ecuador 3 (8%)
- Nigeria 3 (8%)
- Colombia 3 (8%)
- Peru 2 (5%)
- Togo 2 (5%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Boris Martin
Advisory Council Member
|
Advisory Council Member | Total investments: 0 | Find email | |
Joan Larrea
Advisory Council Member
|
Advisory Council Member | Total investments: 0 | Find email | |
Paul Lamontagne
Managing Directo
|
Managing Directo | Total investments: 1 | Find email | |
Paulo Martelli
Chief Investment Officer
|
Chief Investment Officer | Total investments: 19 | Find email | |
Suzanne Gaboury
Chief Investment Office
|
Chief Investment Office | Total investments: 12 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| ETG, established in 1967, is one of the largest and fastest growing integrated agricultural conglomerates in sub-Saharan Africa, importing and exporting soft commodities to and from 48 countries including Tanzania, Kenya, Malawi, Mozambique, Nigeria and South Africa. It also has supply chain operations in China, India, America, Middle East, andSouth East Asia; merchandising desks in Europe, and; treasury companies in Singapore, Mauritius and UAE. Globally, ETG is present across 48 countries. ETG runs its business under five business verticals: 1. Fertilizer and Farm Inputs: ETG is one of the largest importers and distributors of fertilizers and farm inputs in sub-saharan africa 2. Cash traded products: Pulses, Sesame seed, Cashew and Rice are key commodities in this vertical. ETG is the world largest trader and processor of Pulses as well as world largest trader for raw cashew nuts. 3. Exchange traded commodities: Grains & oilseeds, sugar, coffee, cocoa, maize and soybean are key products in this segment. ETG is one of the major players for maize and soybean in sub-shara africa 4. Consumer Branded (Vamara): ETG operates multiple processing plants across 14 countries to manufacture products that are targeted to African consumers. ETG has 22 brands in its portfolio that offers products from vegetable cooking oil, condiments, and spreads, etc. 5. Logistics: ETG operates a very successful and integrated Logistics platform. ETG has a network of more than 400+ warehouses across 32 countries and a fleet of more than 900 trucks. ETG provided end-to-end Logistics services across sub-Sahara Africa. | $206M / Debt Financing / Aug 26, 2026 | ||
| MSU Green Energy is a solar investment company that develops renewable energy and solar projects. | $130M / Debt Financing / Aug 11, 2026 | ||
| Acelen Renováveis is creating an integrated "seed-to-fuel" concept to manufacture Sustainable Aviation Fuel (SAF) and Renewable Diesel (HVO) from native macaúba palm. | $1.5B / Debt Financing / May 21, 2026 | ||
| Publimovil offers outdoor advertising with digital and static billboards across Central America for brand visibility. | $10M / Private Equity / May 07, 2026 | ||
| CIFI provides project finance and structuring and syndication services to the energy, tourism, construction, and telecom industries. | $30M / Debt Financing / Apr 14, 2026 | ||
|
Energía Renovable La Joya
|
Energía Renovable La Joya is a Peruvian company focused on renewable energy generation, particularly the development of the Illa solar photovoltaic project. | $56M / Debt Financing / Feb 05, 2026 | |
| Africa Finance Corporation focuses on infrastructure financing across various sectors, including power and transportation. The institution provides debt, equity, project development, and financial advisory services to address infrastructure needs. It was established through an agreement among sovereign African states and has received anchorinvestment from the Central Bank of Nigeria. Since its establishment, AFC has invested significantly in high-quality infrastructure assets to support sustainable economic growth in Africa. | $100M / Debt Financing / Oct 21, 2025 | ||
| Banco Industrial is a financial banking institution. We currently offer services through a network of more than 3,180 service points throughout the Republic of Guatemala, as well as access to the most complete web and mobile electronic banking from anywhere in the world. Banco Industrial was established in 1968 in Guatemala. | $415M / Debt Financing / Sep 22, 2025 | ||
| HDBank was established in 1990, is one of the first joint-stock commercial banks in the country. Over 30 years of operation, HDBank is now one of the leading banks in Vietnam and is expanding internationally.HDBank has strong financial potential and modern technology, providing a wide range of financial and banking services to individuals,businesses, and investors. | $215M / Post-IPO Debt / Aug 01, 2025 | ||
| VPBank offers insurance, personal services, loans, electronic banking, and other products and services. VPBank is a joint-stock commercial bank in Vietnam. VPBank has achieved steady development throughout its history. Especially since 2010, VPBank has grown dramatically with the development and implementation of the strategic transformationprogram, with diligent support from consulting companies. | $350M / Post-IPO Debt / Jul 29, 2025 | ||
| See all 39 investments → | |||
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FAQ
What does FinDev Canada invest in?
FinDev Canada invests primarily in Financial Services, Banking and Finance startups, most often at Debt Financing and Post-IPO Debt stage. Most of the 39 investments tracked by Shizune back companies in Ecuador. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is FinDev Canada's check size?
FinDev Canada typically joins rounds of $20M–$350M at Post-IPO Debt, $10M–$390M at Debt Financing and $10M–$20M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds FinDev Canada participates in.
How do I contact FinDev Canada?
Public channels for FinDev Canada include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at FinDev Canada?
The team at FinDev Canada includes Boris Martin (Advisory Council Member), Joan Larrea (Advisory Council Member) and Paul Lamontagne (Managing Directo). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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