# Fondaction: portfolio, investments and team > Fondaction is a vc firm based in Canada. 10 investments on record, 1 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/fondaction (Millionrounds; every figure on the page links to its filing or article) Canada · [Investor](https://millionrounds.com/investors) # Fondaction Last cheque observed Oct 2026; 10 cheques on record. Email Deploying now VC firm Seed Series A Series B Sdg Social Impact Tech For Good Follow Fondaction and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ffondaction) Deploying now **100%** of best year **1** **cheques in 12 months**, 10 on record Since the last cheque **9** days **00** hrs **00** min **00** sec Median round **$12M** Rounds led **0 of 10** Sole investor **3 rounds** Exits **1 from the portfolio** Mostly in **Canada, 90%** Pitch Fondaction ## Fondaction highlights - 01 1 cheques in the last 12 months - 02 Mostly Venture and Growth: 78% of its rounds - 03 Sole investor in 3 rounds, median $2.5M - 04 1 exits from the portfolio ## What they do > Fondaction investit dans des entreprises et des fonds qui ont un impact positif From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A Series B - **Sectors:** Sdg Social Impact Tech For Good - **Based in:** Clarke City, Canada - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **10 appearances** - **2026** 1 round - **Oct** **[Assembler AI](https://millionrounds.com/company/assembler-ai)** Seed · CA · The SaaS News **$4.0M** With 6 others - **2019** 1 round - **Feb** **[Hortau](https://millionrounds.com/company/hortau)** CA · FinSMEs **$20M** With 5 others - **2011** 2 rounds - **Jul** **[Enerkem](https://millionrounds.com/company/enerkem)** Growth · CA **$31M** With 4 others - **Jul** **[Enerkem](https://millionrounds.com/company/enerkem)** Series C · CA · enerkem.com **$31M** With 4 others - **2009** 1 round - **May** **[Nexio](https://millionrounds.com/company/nexio)** Venture · CA · nexio.com **$2.8M** Sole investor - **2007** 3 rounds - **Nov** **[N(i)²](https://millionrounds.com/company/ni)** Venture · CA · ni2.com **$2.5M** Sole investor - **Sept** **[InEdge](https://millionrounds.com/company/inedge)** Venture · CA · sqliaison.com **$1.4M** Sole investor - **May** **[Aceris 3D Inspection](https://millionrounds.com/company/aceris-3d-inspection)** Venture · CA **$4.9M** With 1 other - **2005** 2 rounds - **Dec** **[Optosecurity](https://millionrounds.com/company/optosecurity)** Venture · CA · optosecurity.com **$5.1M** With 2 others - **Jun** **[GEOCOMtms](https://millionrounds.com/company/geocomtms)** Venture · US **$3.1M** With 4 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. Funds they back ## 2 fund commitments on record - **Managers:** 1 Every fund on record that it has committed money to, and the managers who invest it. Source: fund news. Managers it backs most - [Inovia Capital 2 funds](https://millionrounds.com/fund/inovia-capital) Most recent commitments - [Inovia Capital Fund VI](https://millionrounds.com/fund/inovia-capital) - [Inovia Capital Inovia Capital Fund VI](https://millionrounds.com/fund/inovia-capital) ## Exits from the portfolio Companies it backed that were later bought or listed **1 in all** **[GEOCOMtms](https://millionrounds.com/company/geocomtms)** Bought by RedPrairie **Undisclosed** Mar 2007 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Seed Series A Series B Median round joined **$12M** the round, not its cheque Alone, median **$2.5M** Led 0 of 10 rounds **0%** - **Sole investor:** 3 rounds - **Last cheque:** Oct 2026 - **Exits:** 1 from the portfolio Rounds by stage said on their site - Venture *6* - Growth *1* - Seed said *1* - Series C *1* - Series A said *-* - Series B said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 2 - [Braemar Energy Ventures](https://millionrounds.com/fund/braemar-energy-ventures) 2 - [Innovatech Québec](https://millionrounds.com/fund/innovatech-quebec) 2 - [Quince Associates](https://millionrounds.com/fund/quince-associates) 2 - [The Westly Group](https://millionrounds.com/fund/westly-group) 2 - [Valero Energy](https://millionrounds.com/fund/valero-energy) 2 **Pitching Fondaction?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Fondaction. A count of rooms they were both in, not a relationship either has claimed. [**BDC Capital** VC firm **2** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Braemar Energy Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/braemar-energy-ventures)[**Innovatech Québec** Investment firm **2** rounds together](https://millionrounds.com/fund/innovatech-quebec)[**Quince Associates** Growth equity **2** rounds together](https://millionrounds.com/fund/quince-associates)[**The Westly Group** VC firm **2** rounds together](https://millionrounds.com/fund/westly-group)[**Valero Energy** Corporate VC **2** rounds together](https://millionrounds.com/fund/valero-energy) ## Quick answers about Fondaction ### What does Fondaction invest in? Fondaction invests most often at Venture and Growth (78% of the rounds on record), in sectors such as Sdg, Social Impact and Tech For Good. ### How active is Fondaction? 10 investments on record, 1 of them in the last 12 months. The most recent was in Oct 2026. ### What has Fondaction invested in recently? Its most recent investments on record: Assembler AI (Seed, Oct 2026) and Hortau (Undisclosed round, Feb 2019). ### How big are Fondaction's cheques? The median round it joins is $12M. ### Does Fondaction lead rounds? Rarely, if at all: none of its 10 investments on record names it as the lead. ### Where does Fondaction invest? Most of the companies it backs are in Canada (90%) and the United States (10%). ### Is Fondaction investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### Who does Fondaction invest alongside? Most often BDC Capital (2 rounds together), Braemar Energy Ventures (2 rounds together) and Innovatech Québec (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=fondaction) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=fondaction)