Filaction
Filaction is a privately held Quebec impact investment fund, established in 2001, that provides capital to SMEs, cooperatives, and social economy enterprises aligned with sustainable development, and operates specialized sub-funds including the Fonds Afro-Entrepreneurs and FDET.
- Company typePrivate
- Founded2001
- HeadquartersQuebec, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Filaction does
Filaction (legal name: Fonds d'investissement pour PME et coopératives du Québec) is a privately held impact investment fund established in 2001 and headquartered in Montréal, Quebec. The fund provides investment capital and financing to Quebec-based SMEs, cooperatives, and social economy enterprises that align with sustainable development principles, and operates specialized sub-funds including the Fonds Afro-Entrepreneurs (supporting Black and female entrepreneurs) and the Fonds de développement économique territorial (FDET, supporting regional and tourism development). Its disclosed portfolio spans technology (Airudi, Applications MD), tourism (Équinox Aventure), cosmetics (Blended Beauty, Laboratoires MZL), electric mobility (Centre de mobilité Synergy), civic tech (Votepour.ca), entertainment (Préski), senior care (Groupe Sidney Santé), and agri-food (Création Delicia).
Filaction's business model is that of a multi-fund impact investor rather than a product or SaaS company: revenue is generated through fund management operations on committed capital, and pricing is not applicable in a conventional commercial sense. Distribution and deal flow are anchored in long-standing institutional relationships with Quebec's financial cooperative sector (Desjardins, Batirente, Cap Finance), government agencies (Investissement Québec, Ville de Québec), and the province's social investment network (RISQ). The organization is run with a small staff (11–50 employees) and reports no public revenue, AUM, fundraising cadence, or management team roster in the available data, leaving its scale and growth metrics substantially opaque.
The company's strategic posture is best characterized as a Quebec-focused, mission-driven capital allocator that has expanded its mandate over time from core SME and cooperative financing into diversity-focused and territorial development vehicles, while deepening institutional co-investment partnerships. There are no disclosed acquisitions, exits, leadership changes, fundraising rounds for the parent entity, or technology platform investments; growth signals are inferred from the breadth of the active portfolio and the layered fund structure rather than from quantitative disclosure.
Filaction firmographics
Firmographics- Name
- Filaction
- Legal name
- Fonds d'investissement pour PME et coopératives du Québec
- Website
- https://filaction.qc.ca
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Filaction is a privately held Quebec impact investment fund, established in 2001, that provides capital to SMEs, cooperatives, and social economy enterprises aligned with sustainable development, and operates specialized sub-funds including the Fonds Afro-Entrepreneurs and FDET.
- Ownership category
- akta.pro rank
Filaction industry classification
Industry- Product category
- Impact Investment Fund
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Credit Intermediation and Related Activities (522), Miscellaneous Intermediation (52391)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)
- akta.pro secondary industries
- Impact Investing & Social Finance (Funds, CDFIs, Microfinance) (BPAGALAA), Private Sector & Blended Finance Arms (IFC-type) (BPADACAJ)
Keywords
Where Filaction is headquartered
LocationHeadquarters
- HQ city
- Quebec
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Filaction business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Others
Filaction product offering
Product offeringCore offering
Filaction is an impact investment fund that provides growth capital, financing, and direct equity investments to small and medium-sized enterprises (SMEs) and cooperatives in Quebec that adhere to sustainable development principles. Since 2001, it has operated specialized investment vehicles, including the Fonds Afro-Entrepreneurs for Black entrepreneurs (especially women) and the Fonds de développement économique territorial (FDET) for regional economic and tourism initiatives.
Product overview
Filaction operates as a unified impact investment fund offering multiple specialized investment vehicles. The core offering consists of direct investments in Quebec SMEs aligned with sustainable development principles, supplemented by specialized funds including the Fonds Afro-Entrepreneurs (supporting Black entrepreneurs) and the FDET (supporting territorial economic development, particularly in tourism). These funds work together to provide targeted financing to diverse entrepreneurs while contributing to Quebec's economic growth.
Differentiator
Problem solved
Functional benefit
Products and services
- Fonds d'investissement Filaction (Core Impact Investment Fund) Core impact investment fund providing direct financing and equity investments to Quebec small and medium-sized enterprises and cooperatives that respect principles of sustainable development. Targets SMEs that promote diversity, the social economy, culture, and tourism across all Quebec regions.
- Fonds Afro-Entrepreneurs Specialized investment sub-fund providing capital to Black-owned SMEs in Quebec, with explicit focus on supporting female entrepreneurship within Black communities. Used to fund companies such as Produits Capillaires Blended Beauty Inc. and Centre de mobilité Synergy.
- Fonds de développement économique territorial (FDET) Specialized investment sub-fund targeting territorial economic development and tourism SMEs across Quebec's regions. Used to fund initiatives such as Équinox Aventure's electric bike fleet acquisition, nautical equipment renewal, and reception building renovation in Saguenay-Lac-Saint-Jean.
Companies that use Filaction
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles5 records
Filaction technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Filaction partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- CDR (Centre de recherche et de développement)minorResearch and development center partner shown in Filaction's partner logos section.
- Ville de QuébeccoreCity of Quebec partnered with Votepour.ca for developing citizen participation technology tools. Filaction's investment supports this platform development with backing from the city.
Scale indicators1 record
Recent moves6 records
Expansion highlights5 records
Filaction competitors and assessment
Company assessmentDirect peers
- Fondaction: Fondaction is a Quebec-based impact investment fund affiliated with the CSN that invests in Quebec SMEs and the social economy. It is the most direct peer to Filaction given its regional impact mandate, SME focus, and cooperative/employee-aligned governance.
- BDC (Business Development Bank of Canada): BDC is Canada's primary development bank providing financing and patient capital to Canadian SMEs, including impact and growth-stage investments. Comparable to Filaction in serving SME capital needs across Canada, though with broader geographic and sector reach.
- Desjardins Capital: Desjardins Capital is the investment arm of the Desjardins Group cooperative, providing equity and growth capital to Quebec SMEs and cooperatives. It is a direct peer and explicit partner of Filaction, sharing the Quebec SME and cooperative mandate.
- Fiducie du Chantier de l'économie sociale: The Fiducie du Chantier de l'économie sociale is a Quebec trust dedicated to financing social economy enterprises and cooperatives. It overlaps directly with Filaction's social-economy sub-fund thesis and target entrepreneur segments.
- RISQ (Réseau d'investissement social du Québec): RISQ is a Quebec social investment network of capital providers focused on social economy enterprises. As both a listed partner and a network of competing/collaborating impact capital, it is highly comparable to Filaction's social-economy mandate.
- Teralys Capital: Teralys Capital is a Quebec-based fund of funds that invests in venture capital and growth funds supporting Quebec innovation and SMEs. Comparable as a regional institutional investor deploying capital into Quebec-focused vehicles alongside Filaction.
- Real Ventures: Real Ventures is a Montreal-based early-stage venture capital firm backing Quebec technology startups. It overlaps with Filaction's technology portfolio bets (e.g., Airudi) and serves a similar Quebec founder community.
- Cap Finance: Cap Finance is a Quebec-based financier partnering with Filaction to support entrepreneurs. It represents another local capital provider serving overlapping SME and cooperative clientele in Quebec.
Broad incumbents
- Investissement Québec: Investissement Québec is the provincial government's investment agency supporting Quebec businesses across all stages. It is both a partner and a broad incumbent providing overlapping SME financing capability, but with a much wider sector and stage mandate than Filaction.
Regional players
- PME MTL: PME MTL is a Montreal ecosystem of PME support organizations providing financing and advisory services to local SMEs. It addresses an overlapping SME base in Quebec but focuses on Montreal versus Filaction's province-wide reach.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Filaction social profiles
Digital presenceFilaction financial estimates
Financial estimateRevenue estimate
Valuation estimate
Filaction leadership team
Management profileNumber of profiles
Filaction funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Filaction M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Filaction
What does Filaction do?
Filaction is an impact investment fund that provides growth capital, financing, and direct equity investments to small and medium-sized enterprises (SMEs) and cooperatives in Quebec that adhere to sustainable development principles. Since 2001, it has operated specialized investment vehicles, including the Fonds Afro-Entrepreneurs for Black entrepreneurs (especially women) and the Fonds de développement économique territorial (FDET) for regional economic and tourism initiatives.
Is Filaction a public or private company?
Filaction is a private company. It is classified as unknown and is currently operating.
When was Filaction founded?
Filaction was founded in 2001. It employs 11 to 50 people.
Where is Filaction based?
Filaction is headquartered in Quebec, Canada, in the North America region.
Who are Filaction's main competitors?
Direct peers on record are Fondaction, BDC (Business Development Bank of Canada), Desjardins Capital, Fiducie du Chantier de l'économie sociale, RISQ (Réseau d'investissement social du Québec), Teralys Capital, Real Ventures and Cap Finance. Investissement Québec is listed as a broad incumbent. PME MTL is listed as a regional player.
Does Filaction have an API?
No public API is recorded for Filaction.
What industry is Filaction in?
Filaction's product category is Impact Investment Fund. Its primary akta.pro industry code is FSAAALAG, Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure), with a secondary code of BPAGALAA, Impact Investing & Social Finance (Funds, CDFIs, Microfinance). Its NAICS code is 525 and its SIC code is 6159.