Fondaction
VC Fund
Clarke City, Canada
Fondaction is a VC fund in Clarke City focused on Manufacturing and Information Technology. 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:
- 180
- Last investment:
- Lead investor:
- 21%
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 | |
|---|---|---|---|
Round size
- Debt Financing
- $273k–$11M
- Private Equity
- $750k–$125M
Investment Focus
Industry
- Manufacturing 32 (18%)
- Information Technology 17 (9%)
- Software 14 (8%)
- Food and Beverage 11 (6%)
- Construction 8 (4%)
Stage
- Private Equity 46 (26%)
- Funding Round 39 (22%)
- Debt Financing 21 (12%)
- Seed 13 (7%)
- Series A 10 (6%)
Country
- Canada 128 (71%)
- United States 4 (2%)
- France 1 (1%)
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 |
|---|---|---|---|
Boucher Lortie
|
Boucher Lortie specializes in plumbing, electrical services, heating, natural gas, air conditioning and refrigeration. | Venture - Series Unknown / Jul 02, 2026 | |
Nesto
|
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
|
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
|
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
|
Induspac is prominent in the design and manufacture of custom industrial packaging. | Private Equity / Dec 03, 2025 | |
Strato Automation
|
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 | |
Mechasys
|
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
|
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
|
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 | |
Can-Explore inc
|
Founded in 2014, Can-Explore analyzes and disseminates urban, roadway and building infrastructure data. The company is committed to innovation and cutting-edge technology including artificial intelligence to excel in geomatics and structural and infrastructure inspection services. The Québec City-based company employs close to 70. | $13M / Jun 11, 2025 | |
| See all 180 investments → | |||
Co-Investors
Fonds de solidarité FTQ
20 deals together
Investissement Quebec
18 deals together
La Caisse
12 deals together
Business Development Bank of Canada
8 deals together
Champlain Financial Corporation
8 deals together
BDC Venture Capital
7 deals together
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FAQ
What does Fondaction invest in?
Fondaction invests primarily in Manufacturing, Information Technology and Software startups, most often at Private Equity and Funding Round stage. Most of the 180 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 $273k–$11M at Debt Financing and $750k–$125M at Private Equity. 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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