Startup investors in Quebec City
The angel network, government fund and accelerator available to founders in Quebec City, what each publishes about itself, and how to reach it. Most early investors here work province-wide.
Who invests in startups in Quebec City?
Quebec City founders mostly raise from investors that cover the whole province. Anges Québec's members come from 15 regions, and Investissement Québec's Fonds Impulsion invests $250,000 to $2 million in Quebec companies at pre-seed and seed. LE CAMP, Québec International's technology accelerator, supports Quebec City companies from pre-startup to international expansion.
Angel networks for Quebec City founders
| Network | How it works | Who it looks for | Fees | How to apply |
|---|---|---|---|---|
| Anges Québec | More than 200 members from 15 Quebec regions; members have invested close to $171 million in 200 companies | Seed and early-stage startups based in Quebec or planning an office there. A minimum viable product is required; sales are not. All sectors, but not projects whose main goal is research and development. Requests of at least $300,000; rounds that combine non-dilutive and dilutive funding are favoured. | Not stated on site | "Request funding" on its Entrepreneurs page |
Funds for Quebec City startups
| Fund | Stage | Published first cheque | Focus and eligibility | How to reach it |
|---|---|---|---|---|
| Fonds Impulsion (Investissement Québec) | Pre-seed, seed | $250,000 to $2 million, with possible follow-on rounds | Quebec-based companies in any sector with strong growth potential and an innovative product; a lead investor for the round; a referral from one of the fund's partner organizations | Through a partner organization, or the "Contactez-nous" booking link on its page if you have no partner |
| BDC Capital Seed Venture Fund | Seed | Not published; a $100 million fund | Leads seed rounds across Canada | Contact form on its page |
Montreal-based early-stage funds also invest in Quebec City companies; see the Montreal page.
Programs that prepare founders to raise
- LE CAMP. Québec International's technology accelerator in Quebec City, supporting companies from pre-startup to international expansion. Check its site for current programs and intakes.
Which route fits your company?
| If your situation is… | Look at | Why |
|---|---|---|
| Quebec-based, with a minimum viable product, raising $300,000 or more | Anges Québec | Its published criteria |
| A Quebec company at pre-seed or seed with a lead investor and a partner referral | Fonds Impulsion | Its published eligibility |
| A Quebec City technology company looking for support | LE CAMP | Its stated mission |
Meeting an organization's criteria means you can apply, not that it will invest.
Line up your lead before you approach the government fund.
The Fonds Impulsion requires a lead investor in the round and a partner referral, so it comes after your lead, not before.
What should you have ready before you apply?
- A minimum viable product, which Anges Québec requires.
- A lead investor, for the Fonds Impulsion.
- A referral from a partner organization, such as an incubator or accelerator you work with.
For how to run the raise itself, see how to raise a seed round. For the wider Quebec startup scene, see the Montreal and Quebec City startup guide.
Frequently asked questions
How much does the Fonds Impulsion invest?
Initial investments of $250,000 to $2 million at pre-seed and seed, with possible follow-on rounds.
Do I need a referral for the Fonds Impulsion?
Yes. Companies need a referral from one of its partner organizations. Founders without a partner can book a call through its page.
Does Anges Québec invest in Quebec City companies?
Yes. Its members come from 15 Quebec regions, and it favours companies based in Quebec.
What is LE CAMP?
Québec International's technology accelerator in Quebec City, supporting companies from pre-startup to international expansion.