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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 250% year-over-year (7 deals in the last 12 months). Average disclosed round size is $31.5M (across 43 rounds with reported amounts).

    Find people at Investissement Québec on Goldilocks AI

    Portfolio

    54

    Fund Size

    —

    Top Stage

    Seed

    Last 12 Mo

    7

    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

    64 investments
    CompanyRoundAmountDate
    SSmartDSeries B—Apr 2026
    Congruence Therapeutics logoCongruence TherapeuticsSeries B$39.5MMar 2026
    Mecademic logoMecademicSeries B—Feb 2026
    Kainova Therapeutics logoKainova TherapeuticsSeries B—Feb 2026
    WWhite Star CapitalGrowth$110MJan 2026
    FFind TherapeuticsSeries A$10MJan 2026
    Deep sky logoDeep skySeed$11MSep 2025
    vopemed logovopemedPre-Seed$2.3MJan 2025
    KKisoJiUnknown$41MDec 2024
    Laserax logoLaseraxSeries C$45.5MOct 2024
    Workstaff logoWorkstaffSeed—Jul 2024
    Propulso logoPropulsoUnknown$2.6MJun 2024
    OOpaliaSeed—Mar 2024
    Workstaff logoWorkstaffSeed—Mar 2024
    Tokidos logoTokidosPre-Seed—Jan 2024
    SSaguaro BiosciencesSeed$3MJan 2024
    MMorphocellSeries A$40MJan 2024
    Deep sky logoDeep skySeries A—Nov 2023
    VValeo PharmaUnknown$4.5MAug 2023
    dcbel logodcbelSeries B$50MAug 2023
    NeuroServo logoNeuroServoSeed$2.2MJun 2023
    Thryv Therapeutics logoThryv TherapeuticsSeries B$5MJun 2023
    FFemTherapeutics, Inc.Seed—May 2023
    Equisoft logoEquisoftUnknown$125MMar 2023
    AAVAA logoAAVAASeed$2MFeb 2023
    Page 1 of 3

    Top Co-Investors

    Desjardins Capital10 shared
    Real Ventures8 shared
    AQC Capital7 shared
    BDC Capital6 shared
    Brightspark Ventures5 shared
    Export Development Canada5 shared
    Fondaction4 shared
    Inovia Capital3 shared
    Whitecap Venture Partners3 shared
    Boreal Ventures3 shared
    Amplify Partners3 shared
    OMERS Ventures2 shared
    BDC Capital's Thrive Venture Fund2 shared
    EQT Life Sciences2 shared
    adMare BioInnovations2 shared
    NVentures2 shared
    Amplitude Ventures2 shared
    Illumina Ventures2 shared
    OrbiMed2 shared
    2048 Ventures2 shared

    Last updated: 14 September 2026