What Anges Quebec does

Anges Québec is a private angel investor network founded in 2008 and headquartered in Montreal at Espace CDPQ, 3 Place Ville Marie. It is the largest network of angel investors in Canada, comprising 230 accredited investors (serial technology entrepreneurs, experienced investors, and industry experts) organized into regional cells in Montreal, Quebec City, and Sherbrooke. The organization curates a deal pipeline of approximately 900 companies evaluated annually and has deployed over $171 million into nearly 200 innovative Quebec-based companies since inception, with a focus on pre-seed and seed-stage technology and science-based startups. Notable exits include Heyday (acquired by Hootsuite for $60 million in 2021) and Mirametrix (sold to Lattice Semiconductor for $66.9 million US).

The business operates three integrated vehicles. First, the core membership network generates recurring membership dues from accredited investors meeting AMF thresholds and facilitates direct angel investments into portfolio companies, with members providing mentorship, governance, and follow-on capital coordination. Second, AQC Capital functions as an affiliated venture fund co-investing alongside angels and institutional VCs. Third, the newly launched Fonds Elevia (announced September 2024, deployment beginning September 2025) offers a passive annual co-investment vehicle for qualified investors, targeting 8-10 pre-seed/seed deals per year at a $1M-$3M fund size and a $25,000 minimum, charging a 1% administration fee on exit without carried interest.

Revenue mechanics rest on membership fees, Elevia management economics, event sponsorship (notably RBC and Investissement Québec as presenting sponsors of the annual Rendez-vous), and co-investment facilitation. Operating geography is concentrated in Quebec and Canada, with selective cross-border activity (e.g., a 2018 partnership with Belgium's Be Angels network and CSCA coalition membership linking to 3,500+ investors across Canada). Underlying technology is light: Anges Québec is a service organization relying on the Dealum third-party investor collaboration platform rather than proprietary AI or software. The organization is governed by a member-elected board under President and CEO Stéphane Drouin, who took office in September 2024.

Name

Anges Quebec

Legal name

Anges Québec

Website

https://angesquebec.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Anges Québec is a Montreal-based private angel investor network founded in 2008, the largest in Canada, comprising 230 accredited investors that deploy capital and mentorship into Quebec-based pre-seed and seed-stage technology and science startups, operating through direct angel investing, the affiliated AQC Capital fund, and the newly launched Fonds Elevia co-investment vehicle.

Ownership category

akta.pro rank

Product category

Angel Investing / Venture Capital Network

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Micro-VC & Angel Funds (FSANAAAI)

akta.pro secondary industries

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD), Accelerators & Incubators (Investor-Operated) (FSANAAAM)

Keywords

• Angel investor network
• Seed stage funding
• Pre-seed capital
• Startup mentorship
• Venture investment

Headquarters

HQ city

Quebec

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fund Elevia Management Fees: The Fund Elevia operates as an annual investment vehicle that charges a 1% administration fee upon exit. The fund has lower operational costs compared to traditional venture capital funds and does not charge carried interest (carry). Minimum investment per investor is $25,000, with the fund targeting 8-10 investments annually across 8-10 companies.
2. Membership Fees: Anges Québec charges membership fees to qualified investors who join the network. Members must be accredited investors meeting AMF requirements including minimum net assets of $5,000,000 or net income thresholds.
3. Co-investment Model: Individual angel members make direct investments in portfolio companies alongside other angels and co-investors. Anges Québec coordinates these deals and facilitates the investment process from first close through subsequent rounds to exits.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Anges Québec is the largest network of angel investors in Canada, comprising 230 members who collectively provide value-added capital, mentorship, coaching, and governance support to innovative Quebec-based technology startups at pre-seed and seed stages. The network evaluates approximately 900 companies annually and has deployed more than $171 million across nearly 200 companies since 2008. Members benefit from group investing advantages, coordinated due diligence, and co-investment opportunities alongside affiliated vehicles such as the Elevia Fund and AQC Capital.

Product overview

Anges Québec operates as a unified platform combining three core components: (1) the main angel investment network that connects serial entrepreneurs, experienced investors, and industry experts with innovative startups seeking early-stage funding; (2) the Elevia Fund investment vehicle providing diversified portfolio access for passive investors; and (3) AQC Capital, the associated VC fund for co-investment opportunities. The organization has deployed over $171 million across nearly 200 companies since 2008, offering not just capital but active mentorship, board involvement, and network access to portfolio companies.

Differentiator

Problem solved

Functional benefit

Brands

• Fonds Elevia: An annual investment vehicle allowing qualified investors to access investment opportunities in pre-seed and seed stage innovative startups through 8-10 co-investments per year, with a minimum investment of $25,000 and fund size between $1M-$3M
• AQC Capital

Products and services

• Anges Québec Investment Network The core membership-based angel investor network connecting serial technology entrepreneurs, experienced investors, and industry experts with innovative Quebec-based startups at pre-seed and seed stages. Provides value-added capital, mentorship, coaching, governance support, and access to co-investment with affiliated VC funds.
• Fonds Elevia Anges Québec An annual co-investment vehicle allowing qualified investors to access quality investment opportunities in pre-seed and seed-stage startups through 8-10 co-investments per year, with a minimum investment of $25,000 and fund size between $1M and $3M. Charges a 1% administration fee upon exit with no carried interest.
• AQC Capital The venture capital fund arm of Anges Québec that co-invests alongside angel investors in innovative Quebec companies, providing additional capital deployment capacity for portfolio companies.

Quantifiable outcome

• Nearly 200 companies invested in since 2008 with over $171M deployed
• +1 more outcomes

Named customers13 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• RBC (Royal Bank of Canada)coreStrategic or Co-development Partner · 23 February 2021Major strategic partnership with RBC Banque Royale. RBC has been a longstanding partner and sponsor of Anges Québec events, including presenting sponsor of the annual Rendez-vous event. RBC represents one of Canada's largest banks supporting the startup ecosystem.
• Be Angels (Belgium)minorStrategic or Co-development Partner · 4 October 2018Unprecedented partnership between Anges Québec and the Belgian angel network Be Angels, expanding cross-border angel investment collaboration between Quebec and Belgium.
• DealumcoreTechnology or IntegrationNext-generation investor group collaboration platform used by Anges Québec members for deal management, collaboration, and investment tracking. Provides flexible, intuitive, and simple workflow management for angel groups.
• Sherbrooke InnopoleminorStrategic or Co-development PartnerLocal development organization in Sherbrooke that partnered with Anges Québec to establish the Sherbrooke cell/regional chapter. Sherbrooke Innopole acts as a CLD supporting technology innovation in the Estrie region.
• Canadian Startup Capital Association (CSCA)minorStrategic or Co-development PartnerNonprofit coalition launched by former Startup TNT leader Jesse Wiebe to connect Canada's fragmented early-stage investment ecosystem. Anges Québec is among the 19 founding members representing over 3,500 investors who have deployed more than $750 million into early-stage startups.
• Ecofuel AcceleratorminorStrategic or Co-development PartnerAnges Québec joined the Partner Funds Circle of the Ecofuel Accelerator, which offers specialized and personalized training programs for clean technology companies.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Maple Leaf Angels: Canadian angel investor network based in Toronto focused on early-stage technology investments, directly comparable as a fellow Canadian regional angel syndicate serving tech entrepreneurs.
• Keiretsu Forum: Global network of angel investors with chapters across North America, Europe and Asia; operates a syndication model similar to Anges Québec with member-led deal evaluation and co-investment.
• Golden Triangle Angel Network: Canadian regional angel network based in southwestern Ontario; offers a comparable model of accredited-investor membership, group due diligence, and syndication in early-stage deals.
• Ecofuel Accelerator: Quebec-based cleantech accelerator partnered with Anges Québec's Partner Funds Circle; comparable as a regional early-stage investor/incubator serving the same Quebec startup ecosystem.
• Golden Seeds: US-based angel network focused on early-stage ventures, particularly those with diverse founding teams; similar member-driven model of due diligence, education, and syndicated investments.

Regional players

• Real Ventures: Quebec-based early-stage venture capital firm that co-invests alongside Anges Québec angels in seed and pre-seed rounds; directly comparable as a Quebec-focused seed capital provider.

Broad incumbents

• BDC Capital: Canada's business development bank with a Seed Venture Fund; frequently co-invests with Anges Québec in rounds (e.g., Sellit9) and serves as a major institutional seed investor in the same Quebec ecosystem.
• Techstars: Global accelerator and early-stage investor with hundreds of portfolio companies; comparable as a broad incumbent providing seed capital, mentorship, and network access to startups in multiple verticals.
• Y Combinator: Largest global startup accelerator; provides pre-seed funding and mentorship at scale and competes for the same early-stage founder mindshare that Anges Québec targets.
• MaRS Discovery District: Toronto-based innovation hub with affiliated investment vehicles (e.g., MaRS IAF) that co-invest at the seed stage; serves a comparable role in Canada's broader startup ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/1471672
• Xx.com/angesquebec
• Facebookfacebook.com/376150919183164

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments187 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Anges Quebec