Fondaction

Fondaction accounts for 9 tracked companies with verified cap-table data, 9 of which disclose round sizes totalling $1.4B. The median disclosed raise is $125M, and the largest is Groupe HD at $425M, ahead of Nesto ($276M) and Alliance Magnesium ($250M).

The names that recur most often on these co-invested cap tables are Fondaction (9 companies), Fonds de solidarité FTQ (2 companies), Investissement Québec (2 companies), Government of Quebec (2 companies), Idealist Capital (2 companies), La Caisse (1 company). By latest disclosed round, the market skews Series B (2), Series E (1), Late VC (1), Series A (1).

• Companies tracked: 9
• Disclosed funding total: $1.4B across 9 companies
• Median disclosed raise: $125M
• Largest raise: Groupe HD — $425M
• Stage mix: Series B 2 · Series E 1 · Late VC 1 · Series A 1
• Most recent dated round: 2025-06-02

Best funded Fondaction companies

1. Groupe HD — $425M
2. Nesto — $276M (latest: Series E)
3. Alliance Magnesium — $250M (latest: Late VC)
4. Talent.com — $150M (latest: Series B)
5. Lithion Recycling — $125M (latest: Series A)
6. Entosystem — $58M (latest: Series B)
7. Sofiac — $40M
8. Hortau — $40M (latest: Series C)
9. Sollum Technologies — $22M (latest: Growth)

Fondaction — related firms and companies (52)

• Groupe HD
• Nesto
• Alliance Magnesium
• Talent.com
• Lithion Recycling
• Entosystem
• Sofiac
• Hortau
• Sollum Technologies
• Fondaction portfolio companies 2026
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