# Investissement Quebec: portfolio, investments and team

> Investissement Quebec is an investment firm. 112 investments on record, 14 in the last 12 months, latest Aug 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/investissement-quebec-2 (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# Investissement Quebec

Last cheque observed Aug 2026; 112 cheques on record.

Deploying now Investment firm

Venture Seed Series A Health Care Biotechnology

Deploying now

**50%** of best year **14** **cheques in 12 months**, 112 on record

Since the last cheque **86** days **00** hrs **00** min **00** sec

Median round **$4.9M** Rounds led **0 of 112** Sole investor **23 rounds** Mostly in **Canada, 95%**

Pitch Investissement Quebec

## Investissement Quebec highlights

- 01 14 cheques in the last 12 months
- 02 Mostly Venture and Seed: 66% of its rounds
- 03 Sole investor in 23 rounds, median $3.8M

## What they do

- **Type:** Investment firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Health Care Biotechnology
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **112 appearances**

- **2026** 13 rounds
- **Aug** **[Elisa Interactive](https://millionrounds.com/company/elisa-interactive-2)** Pre-seed · CA **$635K** With 2 others
- **May** **[CELYSTRA Pharma](https://millionrounds.com/company/celystra-pharma)** Seed · CA **$15M** Sole investor
- **May** **[Noze](https://millionrounds.com/company/noze)** Venture · CA **Undisclosed** With 2 others
- **May** **[Aplantex](https://millionrounds.com/company/aplantex)** CA **$3.7M** With 2 others
- **Apr** **[Zetane Systems](https://millionrounds.com/company/zetane-systems)** Seed · CA **$1.8M** With 1 other
- **Apr** **[SB Quantum](https://millionrounds.com/company/sb-quantum)** Seed · CA **$4.0M** With 2 others
- **Apr** **[Opalia](https://millionrounds.com/company/opalia)** Seed · CA **$2.3M** With 3 others
- **Mar** **[Scandium Canada](https://millionrounds.com/company/scandium-canada)** CA **$11M** Sole investor
- **Mar** **[Volatus Aerospace](https://millionrounds.com/company/volatus-aerospace)** Grant · CA **$233K** With 2 others
- **Feb** **[AlayaCare](https://millionrounds.com/company/alayacare)** Debt · CA **$50M** With 2 others
- **Feb** **[Mecademic](https://millionrounds.com/company/mecademic)** Venture · CA **$15M** With 3 others
- **Jan** **[Point Laz](https://millionrounds.com/company/point-laz)** Seed · CA **$2.2M** With 1 other
- **Jan** **[Find therapeutics](https://millionrounds.com/company/find-therapeutics)** Series A · CA **$7.2M** Sole investor
- **2025** 16 rounds
- **Dec** **[Morphocell Technologies](https://millionrounds.com/company/morphocell-technologies)** Series A · CA **$10M** With 1 other
- **Sept** **[dcbel](https://millionrounds.com/company/dcbel)** Venture · CA **Undisclosed** With 3 others
- **Sept** **[MY01](https://millionrounds.com/company/my01)** Venture · CA **Undisclosed** With 3 others
- **Sept** **[Oligon](https://millionrounds.com/company/oligon)** Venture · US **$14M** Sole investor
- **Sept** **[Thryv Therapeutics](https://millionrounds.com/company/thryv-therapeutics)** Venture · CA **Undisclosed** With 1 other
- **Jul** **[Leomed](https://millionrounds.com/company/leomed)** Seed · CA **$2.8M** Sole investor
- **Jun** **[Can-Explore inc](https://millionrounds.com/company/can-explore-inc)** Venture · CA **$13M** With 1 other
- **Jun** **[Greybox Solutions](https://millionrounds.com/company/greybox-solutions)** Venture · CA **$700K** With 2 others
- **May** **[Exterra Carbon Solutions](https://millionrounds.com/company/exterra-carbon-solutions)** Series A · CA **$15M** With 1 other
- **May** **[Zilia](https://millionrounds.com/company/zilia)** CA · Firms' own news pages **Undisclosed** With 3 others
- **Apr** **[vopemed](https://millionrounds.com/company/vopemed)** Pre-seed · CA **$1.6M** Sole investor
- **Apr** **[Synucure Therapeutics](https://millionrounds.com/company/synucure-therapeutics)** Seed · CA **$2.8M** Sole investor
- **Mar** **[SRTX](https://millionrounds.com/company/srtx)** Venture · CA **$40M** With 4 others
- **Mar** **[dcbel](https://millionrounds.com/company/dcbel)** Venture · CA **$55M** With 2 others
- **Feb** **[Paperplane Therapeutics](https://millionrounds.com/company/paperplane-therapeutics)** Seed · CA **$1.5M** With 2 others
- **Jan** **[healthybud](https://millionrounds.com/company/healthybud)** Seed · CA **$1.5M** With 1 other
- **2024** 27 rounds
- **Dec** **[KisoJi Biotechnology](https://millionrounds.com/company/kisoji-biotechnology)** Series B · CA **$41M** With 1 other
- **Nov** **[Nurau](https://millionrounds.com/company/nurau)** Seed · CA **$1.1M** Sole investor
- **Nov** **[Cycle Momentum](https://millionrounds.com/company/cycle-momentum)** Grant · CA **$800K** With 2 others
- **Nov** **[QScale](https://millionrounds.com/company/qscale)** Debt · CA **$170M** With 2 others
- **Oct** **[Entosystem](https://millionrounds.com/company/entosystem)** Venture · CA **$43M** With 3 others
- **Oct** **[Laserax](https://millionrounds.com/company/laserax)** Series C · CA **$46M** With 3 others
- **Oct** **[Epitopea](https://millionrounds.com/company/epitopea)** Seed · GB **$31M** With 1 other
- **Oct** **[Pharma in silica](https://millionrounds.com/company/pharma-in-silica)** Venture · CA **$1.5M** Sole investor
- **Sept** **[Prehos](https://millionrounds.com/company/prehos)** Seed · CA **$3.0M** Sole investor
- **Aug** **[Aplantex](https://millionrounds.com/company/aplantex)** Venture · CA **$2.1M** With 2 others
- **Jul** **[Noze](https://millionrounds.com/company/noze)** Venture · CA **$5.0M** With 3 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.

## The cheque

Venture Seed Series A

Median round joined **$4.9M** the round, not its cheque Alone, median **$3.8M**

Led 0 of 112 rounds **0%**

- **Sole investor:** 23 rounds
- **Last cheque:** Aug 2026

Rounds by stage said on their site

- Venture *32*
- Seed *31*
- Series A *13*
- Series C *7*
- Debt *7*
- Series B *6*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 21
- [Desjardins Venture Capital](https://millionrounds.com/fund/desjardins-venture-capital) 17
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 13
- [AQC Capital](https://millionrounds.com/fund/aqc-capital) 12
- [Centech](https://millionrounds.com/fund/centech) 12
- [Export Development Canada](https://millionrounds.com/fund/export-development-canada) 12

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## Who they invest alongside

The investors most often in the same rounds as Investissement Quebec. A count of rooms they were both in, not a relationship either has claimed.

[**BDC Capital** VC firm **21** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Desjardins Venture Capital** Government **17** rounds together](https://millionrounds.com/fund/desjardins-venture-capital)[**Y Combinator** Accelerator **13** rounds together](https://millionrounds.com/fund/y-combinator)[**AQC Capital** Government **12** rounds together](https://millionrounds.com/fund/aqc-capital)[**Centech** VC firm **12** rounds together](https://millionrounds.com/fund/centech)[**Export Development Canada** Government **12** rounds together](https://millionrounds.com/fund/export-development-canada)[**Anges Quebec** Angel network **11** rounds together](https://millionrounds.com/fund/anges-quebec)[**Real Ventures** Family office **11** rounds together](https://millionrounds.com/fund/real-ventures-2)[**Cycle Momentum** VC firm **10** rounds together](https://millionrounds.com/fund/cycle-momentum)[**Creative Destruction Lab** Accelerator **8** rounds together](https://millionrounds.com/fund/creative-destruction-lab)[**Government of Canada** Government **8** rounds together](https://millionrounds.com/fund/government-of-canada)[**National Bank of Canada** Private equity **7** rounds together](https://millionrounds.com/fund/national-bank-of-canada)

## Recently backed

The latest companies Investissement Quebec put money into.

[**CELYSTRA Pharma** $15M · May 2026](https://millionrounds.com/company/celystra-pharma)[**Noze** May 2026](https://millionrounds.com/company/noze)[**Aplantex** $3.7M · May 2026](https://millionrounds.com/company/aplantex)[**Opalia** $2.3M · Apr 2026](https://millionrounds.com/company/opalia)[**Scandium Canada** $11M · Mar 2026](https://millionrounds.com/company/scandium-canada)[**Volatus Aerospace** $233K · Mar 2026](https://millionrounds.com/company/volatus-aerospace)

## Quick answers about Investissement Quebec

### What does Investissement Quebec invest in?

Investissement Quebec invests most often at Venture and Seed (66% of the rounds on record), in sectors such as Health Care and Biotechnology.

### How active is Investissement Quebec?

112 investments on record, 14 of them in the last 12 months. The most recent was in Aug 2026.

### What has Investissement Quebec invested in recently?

Its most recent investments on record: Elisa Interactive (Pre-seed, Aug 2026), CELYSTRA Pharma (Seed, May 2026) and Noze (Venture, May 2026).

### How big are Investissement Quebec's cheques?

The median round it joins is $4.9M.

### Does Investissement Quebec lead rounds?

Rarely, if at all: none of its 112 investments on record names it as the lead.

### Where does Investissement Quebec invest?

Most of the companies it backs are in Canada (95%).

### Is Investissement Quebec investing now?

Yes: it is actively investing, with 14 investments in the last 12 months.

### Who does Investissement Quebec invest alongside?

Most often BDC Capital (21 rounds together), Desjardins Venture Capital (17 rounds together) and Y Combinator (13 rounds together).

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