Fonds de solidarité FTQ (FSTQ) is a Québec-based development capital fund created in 1983 that channels the savings of Quebecers into investments across venture capital, private equity, and development capital to support the province's economic growth and job creation. It is the largest development capital network in Québec with net assets of CAD $23.7 billion.
31% of their portfolio is in Biotech & Life Sciences. Deal activity decreased year-over-year (2 deals in the last 12 months vs 3 prior). Average disclosed round size is $57.8M (across 34 rounds with reported amounts).
Portfolio
31
Fund Size
—
Top Stage
Series A
Last 12 Mo
2
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
45 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 nesto | Series E | — | Jun 2026 |
 CELYSTRA Pharma | Unknown | $20M | Jun 2026 |
 Femtum | Series A | $16M | Jan 2026 |
| GGermain Hôtels | Unknown | $160M | May 2025 |
 Epitopea | Series A | $31M | Feb 2025 |
| Epitopea | Series A | $31M | Oct 2024 |
 UgoWork | Series C | $51M | Jul 2024 |
 Ability Biologics | Seed | $18M | Jun 2024 |
 Inversago Pharma | Series C | — | Jan 2023 |
| nesto | Series C | $80M | Dec 2022 |
 Ventus | Series C | $140M | Feb 2022 |
 Carbicrete | Series A | $12M | Jan 2022 |
| AAntios Therapeutics, Inc. | Series A | $75M | Nov 2021 |
 Thryv Therapeutics | Series A | $19M | Aug 2021 |
 GHGSat | Series B | $10M | Jul 2021 |
 Ventus | Series B | $100M | Apr 2021 |
 district m | Series C | $19M | Feb 2021 |
 Omnirobotic | Seed | — | Sep 2020 |
| Thryv Therapeutics | Seed | — | Jan 2020 |
 Repare Therapeutics | Series B | — | Jan 2020 |
 LQT Therapeutics, Inc. | Seed | — | Jan 2020 |
| WWorximity Technology | Series A | $6.3M | Aug 2019 |
| district m | Series B | $12M | Jan 2019 |
 Milestone Pharmaceuticals | Series C | $55M | Aug 2017 |
| Repare Therapeutics | Series A | $68M | Jun 2017 |
Page 1 of 2
Top Co-Investors
Investissement Québec15 shared
Alexandria Venture Investments10 shared
Versant Ventures9 shared
BDC Capital8 shared
RA Capital Management7 shared
Casdin Capital6 shared
BVF Partners L.P.6 shared
Cormorant Asset Management6 shared
GV6 shared
Export Development Canada6 shared
Andreessen Horowitz5 shared
Desjardins Capital5 shared
Domain Associates4 shared
Forbion4 shared
La Caisse4 shared
Amplitude Ventures4 shared
Qatar Investment Authority3 shared
Pappas Capital3 shared
Novo Holdings A/S3 shared
Fondaction3 shared
Last updated: 20 October 2026