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Desjardins-Innovatech operates as a venture capital fund, providing strategic investment to innovative companies primarily within Quebec. This entity focuses on fostering growth across diverse sectors, including those leveraging green technologies, by deploying capital into promising businesses. Its investment strategy emphasizes supporting the development and commercialization of new technologies and business models.
The fund, identified as a 2008 vintage, is managed by Desjardins Capital, a dedicated venture capital arm of the larger Desjardins Group. Its establishment reflects Desjardins Group's long-standing commitment to economic development and community support, extending this mission to the burgeoning innovation ecosystem. The creation of Desjardins-Innovatech stems from an insight into the need for robust institutional backing for emerging tech enterprises in the region.
Desjardins-Innovatech primarily serves early-stage to growth-stage technology companies seeking capital to scale their operations and expand their market presence. The fund's overarching vision is to act as a catalyst for technological advancement and economic vitality in Quebec, contributing to a vibrant and resilient innovation landscape by empowering visionary entrepreneurs.
Desjardins-Innovatech has 3 tracked investments across 3 companies. The latest tracked deal is $38.0M Other Equity in Airex Energy in March 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 15, 2023 | Airex Energy | $38.0M Other Equity | Cycle Capital Management | Investissement Québec |
| Dec 4, 2018 | LeddarTech | $23.8M Other Equity | Desjardins Capital, Desjardins Innovatech | — |
| Nov 3, 2015 | SweetIQ Analytics | $4.2M Series A | Matthew Leibowitz | Otimo Retail, Real Ventures, Rothenberg Ventures |