Fondaction
Fondaction is an independent, labour-sponsored investment fund based in Montreal, Quebec, established in 1996. It aims to mobilize retirement savings for the sustainable transformation of Québec’s economy, focusing on equity, inclusivity, and environmental performance. With approximately $4.04 billion in net assets and over 225,000 shareholders, Fondaction is a leader in impact investing, aligning its efforts with the United Nations Sustainable Development Goals. The fund offers affordable retirement savings plans (REER/RRSP) for individuals and companies, directing pooled savings into invest
Investing activity
Fondaction appears in 1 AI deal tracked by the AI Lounge deals desk. The rounds are mostly Seed, with a median round size of $5M. The most recent is JetScale AI (Seed, $5.4M, Feb 2026).
Fondaction most often invests alongside Diagram ClimateTech Fund, Diagram Ventures, BDC Capital and Spring Impact Capital, and the companies it backs on AI Lounge are mostly in AI.
Deals
Frequently asked questions about Fondaction
What AI companies has Fondaction invested in?
Fondaction's AI investments include JetScale AI. The 1 round on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Fondaction based?
Fondaction is based in Montreal, Quebec, Canada.
What stage does Fondaction invest at?
In the rounds tracked on AI Lounge, Fondaction has invested at Seed, with a median round of $5M.
Who does Fondaction co-invest with?
Fondaction's most frequent co-investors on AI Lounge are Diagram ClimateTech Fund (1 deal), Diagram Ventures (1 deal), BDC Capital (1 deal), Spring Impact Capital (1 deal) and Telegraph Ventures (1 deal).
How can founders reach Fondaction?
Founders on AI Lounge can see Fondaction's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Fondaction to their Investor Pipeline to track the conversation.