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Fonds Innovexport
Fonds Innovexport is a venture capital firm based in Québec City, Canada, founded in 2016. It comprises fifteen entrepreneurs and the Government of Quebec, and...
Fonds Innovexport
Fonds Innovexport is a venture capital firm based in Québec City, Canada, founded in 2016. It comprises fifteen entrepreneurs and the Government of Quebec, and prefers to invest in manufacturing, software, and artificial intelligence.
General information
Firm type
Private Equity
Year founded
2016
Location
Region
North America
Country
Canada
City
Montreal
Corporate office
Montreal, Quebec, Canada
Additional offices
Madrid, Spain
Principals
Richard Bordeleau
Président
Sector focus
Frequently asked questions
Is Fonds Innovexport actively making new investments?
No. The fund's investment period has ended, and it no longer considers new companies for financing. Fonds Innovexport now focuses exclusively on supporting its existing portfolio companies through commercialization and follow-on rounds (per the firm, 2025).
Who runs investment decisions at Fonds Innovexport?
Richard Bordeleau serves as President of Fonds Innovexport and leads the management team. Investment support is augmented by the G25, a group of 25 Quebec entrepreneurs whose operating expertise and business networks are actively deployed to assist portfolio companies with strategic decisions.
What is the G25 and how does it relate to the fund?
The G25 is a group of 25 Quebec-based entrepreneurs who mobilized to anchor Fonds Innovexport. They provide portfolio companies with privileged access to business networks and help entrepreneurs navigate commercial, operational, financial, and legal challenges. Named members include executives from Premier Tech, EXFO, Groupe Solmax, and Eddyfi/NDT.
Does Fonds Innovexport participate in fund commitments or only direct deals?
Fonds Innovexport makes direct equity investments in Quebec technology companies. Its institutional limited partners can invest directly into portfolio companies when they reach later development stages, effectively using the fund as an origination channel for direct co-investments.
How is Fonds Innovexport's capital structured?
Fonds Innovexport was established in 2016 as a single 10-year closed-end vehicle. Backed by private and institutional limited partners, the fund completed its investment period and now operates in a portfolio-support phase focused on exits and value creation for its remaining holdings.
Which sectors does Fonds Innovexport typically target?
The fund invests in export-oriented Quebec technology companies with high growth potential. Portfolio companies operate in industrial technology and enterprise-related sectors, though specific sub-sector mandates beyond 'technological' are not publicly detailed.
What is the geographic scope of Fonds Innovexport's investments?
The fund invests exclusively in Quebec-based companies targeting export markets. It maintains an office in Madrid, reflecting a focus on European commercial corridors for its portfolio companies.
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