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    Investissement Québec logo

    Investissement Québec

    Montreal, CanadaFounded 1998
    international.investquebec.com/enLinkedIn
    Biotech & Life SciencesManufacturingMobility & Transportation

    Investissement Québec is a provincial government economic development agency established in 1998 to favour investment in Quebec by Quebec-based and international companies. It provides a range of financial solutions including loans, equity investments, and venture capital, and in 2025 launched the $200 million Fonds Impulsion VC fund for early-stage Quebec tech startups.

    Deal activity increased 140% year-over-year (12 deals in the last 12 months). Average disclosed round size is $42.5M (across 86 rounds with reported amounts).

    Find people at Investissement Québec on Goldilocks AI

    Portfolio

    86

    Fund Size

    —

    Top Stage

    Seed

    Last 12 Mo

    12

    Team

    BG

    Benoit Girard

    Managing Director, Venture Capital, Innovation and Impact investment

    MC

    Maxime Courchesne

    Managing Director, Venture Capital, Technology

    HV

    Heidi Vaillancourt

    Director of Investment, Fund Investments

    RB

    Roxana Bica

    Director, Venture Capital

    BM

    Benoit M Leroux

    Directeur principal, Investissement spécialisé

    AP

    Antoine P.

    Venture Capital

    NL

    Nicolas Lauzon

    Premier directeur, Fonds d'investissement, Fonds et partenariats

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    112 investments
    CompanyRoundAmountDate
    SBQuantum logoSBQuantumSeed$4MApr 2026
    SSmartDSeries B—Apr 2026
    SSmartDSeries A—Apr 2026
    Congruence Therapeutics logoCongruence TherapeuticsSeries B$39.5MMar 2026
    Mecademic logoMecademicSeries B—Feb 2026
    Kainova Therapeutics logoKainova TherapeuticsSeries B—Feb 2026
    White Star Capital logoWhite Star CapitalGrowth$110MJan 2026
    EEncephalXPre-Seed$2.3MJan 2026
    Vention logoVentionSeries B$110MJan 2026
    Find Therapeutics logoFind TherapeuticsSeries A$10MJan 2026
    NNouveau Monde Graphite inc.Growth$213MJan 2026
    SSherwebUnknown$125MJan 2026
    MMorphocellSeries A$50MDec 2025
    Deep sky logoDeep skySeed$11MSep 2025
    GGermain HôtelsUnknown$160MMay 2025
    Epitopea logoEpitopeaSeries A$31MFeb 2025
    Synucure Therapeutics logoSynucure TherapeuticsSeed$2.8MJan 2025
    vopemed logovopemedPre-Seed$2.3MJan 2025
    MMorphocellSeries A$50MJan 2025
    KisoJi logoKisoJiUnknown$41MDec 2024
    Epitopea logoEpitopeaSeries A$31MOct 2024
    Laserax logoLaseraxSeries C$45.5MOct 2024
    UgoWork logoUgoWorkSeries C$51MJul 2024
    Workstaff logoWorkstaffSeed—Jul 2024
    Propulso logoPropulsoUnknown$2.6MJun 2024
    Page 1 of 5

    Top Co-Investors

    Desjardins Capital22 shared
    Real Ventures11 shared
    Fonds de solidarité FTQ10 shared
    Export Development Canada9 shared
    AQC Capital9 shared
    BDC Capital8 shared
    Fondaction8 shared
    Inovia Capital7 shared
    La Caisse7 shared
    Amplify Partners5 shared
    Brightspark Ventures5 shared
    Boreal Ventures5 shared
    adMare BioInnovations4 shared
    CDP Venture Capital4 shared
    Whitecap Venture Partners3 shared
    OMERS Ventures3 shared
    NVentures3 shared
    SE Ventures3 shared
    Obvious Ventures3 shared
    Innospark Ventures3 shared

    Last updated: 7 October 2026