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Fondaction

Investor type Venture Capital

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 125
Average round size
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The average size of a deal this fund participated in
$24M
Portfolio companies 113
Rounds per year 4.81
Lead investments 2
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.10
Exits 13
Key employees 2
Stages of investment
Private Equity

Areas of investment

  • Manufacturing
  • Information Technology
  • Food and Beverage
  • Software
  • Industrial Manufacturing
Summary

In 1996 was created Fondaction, which is appeared as VC. The leading representative office of defined VC is situated in the Clarke City. The venture was found in North America in Canada.

Besides, a startup requires to be at the age of 6-10 years to receive the investment from the fund. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 3 or 5+ of the founder, the chance for it to get the investment is meager. Among the most successful fund investment fields, there are Software, Information Technology. For fund there is a match between the location of its establishment and the land of its numerous investments - Canada. Among the most popular portfolio startups of the fund, we may highlight Enerkem, Hortau, Nexio.

The top amount of exits for fund were in 2019. The fund is constantly included in less than 2 deals per year. The top activity for fund was in 2007. This Fondaction works on 16 percentage points less the average amount of lead investments comparing to the other organizations. The real fund results show that this VC is 7 percentage points more often commits exit comparing to other companies. The common things for fund are deals in the range of 10 - 50 millions dollars.

The usual cause for the fund is to invest in rounds with 4-5 partakers. Despite the Fondaction, startups are often financed by Braemar Energy Ventures, Waste Management, Cycle Capital. The meaningful sponsors for the fund in investment in the same round are Fonds de solidaritu00e9 FTQ, The Westly Group, Innovatech Quu00e9bec. In the next rounds fund is usually obtained by The Westly Group, Cycle Capital, Braemar Energy Ventures.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Moozoom

Education
Primary Education
Secondary Education
$3M17 Aug 2022 Quebec, Quebec, Canada

Moozoom

Education
Primary Education
Secondary Education
$596K01 May 2022 Quebec, Quebec, Canada

Talent.com

$120M16 Mar 2022 -

HOLOS

Food Delivery
Food Processing
Organic Food
25 Feb 2022 Quebec City, Quebec, Canada

Lithion Recycling

$99M24 Jan 2022 Quebec City, Quebec, Canada

Sofiac

Finance
Financial Services
Supply Chain Management
$200M28 Oct 2021 Montréal, Quebec, Canada

Sollio Cooperative Group

Agriculture
AgTech
Farming
Food and Beverage
$150M05 Oct 2020 Montreal, Quebec, Canada

Alliance Magnesium

Mining
Precious Metals
$145M17 Mar 2020 Quebec City, Quebec, Canada

InEdge

Consulting
04 Feb 2020 Montréal, Quebec, Canada

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