Fondaction

About The Fund

Established in 1996 and based in Montreal, Canada, Fondaction is a labor-sponsored investment fund that operates with a venture capital investment approach. The firm targets early-stage and later-stage minority investments, focusing primarily on companies located in Canada. Fondaction's investment strategy centers around supporting sectors that contribute to a sustainable economy. These sectors encompass Software, Web Marketplaces, SaaS (Software as a Service), Hardware and Manufacturing, Energy, CleanTech, Healthcare and Wellness, and Investment Management among others. The fund seeks to create financial value for its shareholders while making a positive impact on society and the environment. They do this by financing and accompanying sustainable growth for businesses and by promoting solutions that address climate change, social equity, inclusivity, and local economies. Fondaction encourages sustainable agriculture and community involvement, supports female and minority entrepreneurship, and backs up companies involved in ecological urban planning and land preservation. It also offers an accessible and efficient retirement savings vehicle for workers in Quebec. Through its investments and partnerships, Fondaction aims to contribute to a more inclusive and environmentally friendly economy. They support over 1,000 Quebec businesses directly or through partner or specialized funds, and as of November 30, 2024, have a net asset value of CAD 3.99 billion, supporting 222,366 shareholders. Fondaction emphasizes sustainable finance, fighting climate change, striving against inequalities, making savings accessible to all, supporting sustainable agri-food businesses, engaging in community life, and building sustainable cities and communities. They claim to be the first private investor to commit to financing the Land Degradation Neutrality Fund, which aligns with the objectives of the Paris Climate Agreement. Additionally, Fondaction has taken ecological and social criteria into account in all their shareholder activities, aiming to preserve natural capital and foster sustainable development on both a local and global scale.