Fondaction
VC Fund
Clarke City, Canada
Fondaction is a VC fund in Clarke City focused on Manufacturing and Software. Since its creation in 1996, Fondaction has been based on the belief that it is not only possible to do things differently in the financial and business world, it is a necessity.Fondaction helps Québecers prepare for retirement by offering affordable retirement savings to everyone. The savings collected are invested in companies across Québec.This way, Fondaction helps create and maintain quality jobs, contributing to a stronger, more equitable and greener economy.Created in 1996, Fondaction is a labour-sponsored fund with assets in excess of one billion dollars collected as retirement savings from more than 131,000 shareholders. Fondaction's direct investments and those made through investment funds support the development of more than 1 050 SMEs in different lines of business, in large part involved in various components of the social economy.Fondaction has always been resolutely committed to socially responsible finance, from the moment it was created. The principles of sustainable development are integrated in everything it does. Whether investing in businesses directly or in capital markets, Fondaction always applies the principles of responsible investment to the money entrusted by its savers.Fondaction was one of the first institutions in Québec to make accountability reports an obligation in an effort to improve its practices and contribute to moving sustainable development forward in Québec. It produced its first report on sustainable development in 2006 in accordance with the international standards of the Global Reporting Initiative (GRI), the highest standards of precision and transparency in economic, social and environmental accountability.In 2010 and 2012, Fondaction remained at the forefront with its 3rd and 4th sustainable development reports, having them reviewed by an independent firm and achieving an application level of A+ from the GRI. Fondaction is the only financial institution in Québec to achieve this level.In 2014, Fondaction tabled its 5th sustainable development report, produced in accordance with the latest GRI guidelines, the G4. Fondaction also opted for Comprehensive compliance, becoming the 1st financial institution in North America and the 9th in the world to voluntarily adhere to these requirements.
- Total investments:
- 216
- Last investment:
- Lead investor:
- 25%
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Fondaction invests in
Stages Fondaction invests in
Countries Fondaction invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 10 contacts → | |||
Round size
- Debt Financing
- $276k–$11M
- Private Equity
- $750k–$125M
- Venture - Series Unknown
- $500k–$145M
Investment Focus
Industry
- Manufacturing 42 (19%)
- Software 18 (8%)
- Information Technology 18 (8%)
- Food and Beverage 15 (7%)
- Energy 12 (6%)
Stage
- Venture - Series Unknown 54 (25%)
- Private Equity 52 (24%)
- Debt Financing 23 (11%)
- Seed 16 (7%)
- Funding Round 16 (7%)
Country
- Canada 168 (78%)
- United States 4 (2%)
- France 1 (0%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Alain Vallieres
Director
|
Director | Total investments: 0 | Find email | |
Felicia Amilcar
Director
|
Director | Total investments: 0 | Find email | |
Ginette Bergeron
Director
|
Director | Total investments: 0 | Find email | |
Jasmine Hinse
Director
|
Director | Total investments: 0 | Find email | |
Jean Marcotte
Director
|
Director | Total investments: 0 | Find email | |
| See all 10 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Icentia provides a range of innovative medical tests for healthcare institutions. They are able to offer valuable solutions for major problems in the field of medical testing. | Venture - Series Unknown / Aug 18, 2026 | ||
| Boucher Lortie specializes in plumbing, electrical services, heating, natural gas, air conditioning and refrigeration. | Venture - Series Unknown / Jul 02, 2026 | ||
| Nesto is a digital mortgage and home financing platform that helps individuals obtain, renew, and refinance mortgages through an online application process. The company combines mortgage comparison tools, lending services, and advisor support to help borrowers evaluate financing options, submit applications, upload documentation, and managemortgage transactions digitally. Its platform uses technology to match borrowers with suitable mortgage products while providing guidance throughout the approval and funding process. Nesto also offers educational resources covering mortgage rates, home buying, refinancing, and other financing topics, and provides mortgage technology solutions that financial institutions can use to support digital mortgage origination and servicing workflows. | $216.5M / Series E / Jun 10, 2026 | ||
| Nesto is a digital mortgage and home financing platform that helps individuals obtain, renew, and refinance mortgages through an online application process. The company combines mortgage comparison tools, lending services, and advisor support to help borrowers evaluate financing options, submit applications, upload documentation, and managemortgage transactions digitally. Its platform uses technology to match borrowers with suitable mortgage products while providing guidance throughout the approval and funding process. Nesto also offers educational resources covering mortgage rates, home buying, refinancing, and other financing topics, and provides mortgage technology solutions that financial institutions can use to support digital mortgage origination and servicing workflows. | Secondary Market / Jun 10, 2026 | ||
| JetScale AI is a Montreal-based startup specializing in AI-driven cloud infrastructure optimization. It uses agentic AI to detect inefficiencies, provide remediation plans, and generate compliant Infrastructure-as-Code for cost savings and sustainability. | $5.4M / Seed / Feb 26, 2026 | ||
| Induspac is prominent in the design and manufacture of custom industrial packaging. | Private Equity / Dec 03, 2025 | ||
| Based in the heart of Montreal, Strato Automation’s mission is to develop and market the most simple, open and smart building control products on the market, to benefit building owners and their occupants. | Venture - Series Unknown / Oct 28, 2025 | ||
| At Mechasys, a team of engineers and contractors developed together an innovative laser projector that displays construction plans in real scale directly on construction sites. Using laser positioning technologies, we project construction drawings on floors with an accuracy of 3 mm. With our system, workers no longer need to draw plans onconstruction sites. They can lay down their materials 40% faster. This, speeds up the productivity rate on construction sites, reduces the human risk and optimizes the entrepreneur's profits. | $23M / Series A / Aug 26, 2025 | ||
| DimOnOff is a pioneer and innovator of remote control & monitoring technologies and ranks among the top players in the smart cities management market. Headquartered in Quebec City, Canada, DimOnOff is the result of more than 12 years invested in R&D to create the ultimate IoT, Smart City Management System “SCMS”. DimOnOff was recentlylisted within the top 10 player in the smart street-lighting market. | $4.4M / Series A / Jul 14, 2025 | ||
| Boralex is a power producer whose core business is dedicated to the development and the operation of renewable energy power stations. Currently, the Corporation operates in Canada, France and the United States an asset base with a capacity of more than 1,100 MW, of which 940 MW are under its control. Boralex is also developing, bothindependently and with Canadian and European partners, a number of energy projects of which over 160 MW of power will be commissioned by the end of 2016. Boralex’s shares and convertible debentures are listed on the Toronto Stock Exchange under the ticker symbols BLX and BLX.DB, respectively. With about 250 employees, Boralex is known for its diversified expertise and in-depth experience in four power generation types — wind, hydroelectric, thermal and solar. | $182.9M / Post-IPO Debt / Jul 07, 2025 | ||
| See all 216 investments → | |||
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FAQ
What does Fondaction invest in?
Fondaction invests primarily in Manufacturing, Software and Information Technology startups, most often at Venture - Series Unknown and Private Equity stage. Most of the 216 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Fondaction's check size?
Fondaction typically joins rounds of $276k–$11M at Debt Financing, $750k–$125M at Private Equity and $500k–$145M 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 Fondaction participates in.
How do I contact Fondaction?
Public channels for Fondaction 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 Fondaction?
The team at Fondaction includes Alain Vallieres (Director), Felicia Amilcar (Director) and Ginette Bergeron (Director), among 10 team members tracked by Shizune. 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 Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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