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Investment Firm
Overview
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.
Highlights
1996
Financial Services
101-250
187
47
33
Early Stage Venture, Private Equity, Seed
Venture Capital
Location
North America
Contact Information
Social
Profile Resume
Fondaction, established in 1996 and headquartered in North America., specializes in Early Stage Venture, Private Equity, Seed investments across Enterprise Software, Internet, Video Streaming, IT Management, Information Technology, Security, Transportation, Financial Services, Venture Capital, Angel Investment. The organization boasts a portfolio of 187 investments, with an average round size of $41.3M and 33 successful exits. Their recent investments include Nexio, Optosecurity, BDC Venture Capital, Desjardins Venture Capital, National Bank of Canada. The highest investment round they participated in was $199.1B. Among their most notable exits are Nexio and Optosecurity. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.
Investment portfolio
187
0
47
33
Investments
187
Annouced Date | Organization Name | Industry | Money Raised |
---|---|---|---|
Jan 16, 2024 | Aquatech BM | CleanTech | 1.4M |
Jan 23, 2024 | Gen V Cultures | Farmers Market | null |
Jan 25, 2024 | Sofiac | Financial Services | 65.1M |
Feb 08, 2024 | Café William | Retail | null |
Exits
33
Funding Timeline
187
0
0
Funding Rounds
187
Fondaction has raised 187 rounds. Their latest funding was raised on Feb 08, 2024 from a Private Equity Round - Café William round.
Annouced Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
---|---|---|---|---|
Jan 16, 2024 | Venture Round - Aquatech BM | - | 1.4M | - |
Jan 23, 2024 | Venture Round - Gen V Cultures | - | 0 | - |
Jan 25, 2024 | Venture Round - Sofiac | - | 65.1M | - |
Feb 08, 2024 | Private Equity Round - Café William | - | 0 | - |
Investors
0
There is no funding round available on this profile
Fund raised
2
Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.
Annouced Date | Fund Name | Money Raised |
---|---|---|
May 10, 2013 | OTPPLESS | 1.0M |
May 11, 2013 | OTPPLESS | 1.0M |
Invest in industries
Recent Activity
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