FONDACTION
Since its creation in 1996, Fondaction has been based on the belief that it is not only possible to do things differently in the financial and business world, it is a necessity. Fondaction helps Québecers prepare for retirement by offering affordable retirement savings to everyone. The savings collected are invested in companies across Québec. This way, Fondaction helps create and maintain quality jobs, contributing to a stronger, more equitable and greener economy. Created in 1996, Fond... action is a labour-sponsored fund with assets in excess of one billion dollars collected as retirement savings from more than 131,000 shareholders. Fondaction's direct investments and those made through investment funds support the development of more than 1 050 SMEs in different lines of business, in large part involved in various components of the social economy. Fondaction has always been resolutely committed to socially responsible finance, from the moment it was created. The principles of sustainable development are integrated in everything it does. Whether investing in businesses directly or in capital markets, Fondaction always applies the principles of responsible investment to the money entrusted by its savers. Fondaction was one of the first institutions in Québec to make accountability reports an obligation in an effort to improve its practices and contribute to moving sustainable development forward in Québec. It produced its first report on sustainable development in 2006 in accordance with the international standards of the Global Reporting Initiative (GRI), the highest standards of precision and transparency in economic, social and environmental accountability. In 2010 and 2012, Fondaction remained at the forefront with its 3rd and 4th sustainable development reports, having them reviewed by an independent firm and achieving an application level of A+ from the GRI. Fondaction is the only financial institution in Québec to achieve this level. In 2014, Fondaction tabled its 5th sustainable development report, produced in accordance with the latest GRI guidelines, the G4. Fondaction also opted for Comprehensive compliance, becoming the 1st financial institution in North America and the 9th in the world to voluntarily adhere to these requirements.
FONDACTION
Industry:
Finance Financial Services Venture Capital
Founded:
1996-01-01
Status:
Active
Technology used in webpage:
Viewport Meta IPhone / Mobile Compatible SPF SSL By Default Domain Not Resolving Apache Mobile Non Scaleable Content Microsoft Exchange Online Office 365 Mail IPv6
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Current Advisors List
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Current Employees Featured
Jasmine Hinse Director @ Fondaction
Director
Stéphan Morency Deputy Chief Investment Officer @ Fondaction
Deputy Chief Investment Officer
Ginette Bergeron Director @ Fondaction
Director
Jean Marcotte Director @ Fondaction
Director
Alain Vallieres Director @ Fondaction
Director
Genevieve Morin President and CEO @ Fondaction
President and CEO
2020-01-01
Felicia Amilcar Director @ Fondaction
Director
Jean Pierre Simard Director @ Fondaction
Director
Patrick Cabana CFO @ Fondaction
CFO
2017-09-01
Luc Verville Director @ Fondaction
Director
Acquisitions List
| Date | Company | Article | Price |
|---|---|---|---|
| 2020-03-31 | Serrubec | Serrubec acquired by Fondaction | N/A |
| 2020-03-31 | McGregor Hardware | McGregor Hardware acquired by Fondaction | N/A |
| 2020-03-31 | Hardware Agencies | Hardware Agencies acquired by Fondaction | N/A |
| 2012-04-30 | SYNERGX Technologies | SYNERGX Technologies acquired by Fondaction | N/A |
Investments List
| Date | Company | Article | Money raised |
|---|---|---|---|
| 2022-08-17 | Moozoom | Fondaction investment in Seed Round - Moozoom | 5 M CAD |
| 2022-05-01 | Moozoom | Fondaction investment in Convertible Note - Moozoom | 750 K CAD |
| 2022-03-16 | Talent.com | Fondaction investment in Series B - Talent.com | 120 M USD |
| 2022-02-25 | HOLOS | Fondaction investment in Seed Round - HOLOS | N/A |
| 2022-01-24 | Lithion Recycling | Fondaction investment in Series A - Lithion Recycling | 125 M CAD |
| 2021-11-23 | Nectar Technologies | Fondaction investment in Seed Round - Nectar Technologies | N/A |
| 2021-10-28 | Sofiac | Fondaction investment in Debt Financing - Sofiac | 200 M USD |
| 2020-10-05 | Sollio Cooperative Group | Fondaction investment in Venture Round - Sollio Cooperative Group | 150 M USD |
| 2020-03-17 | Alliance Magnesium | Fondaction investment in Funding Round - Alliance Magnesium | 145 M USD |
| 2020-02-04 | InEdge | Fondaction investment in Venture Round - InEdge | N/A |
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