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Desjardins Capital

Montreal, QCDESJARDINS-CAPITAL
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Dossier Summary

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Classification
Slugdesjardins-capital
HQMontreal, QC
Stage FocusPrimarily Quebec-focused growth capital and venture capit…
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

This isn't your typical Silicon Valley VC - Desjardins Capital is the venture arm of a massive Quebec credit union with a mandate for regional economic development. That means they're patient, risk-averse, and focused on sustainable businesses rather than moonshot bets. The upside is genuine strategic support and no pressure to flip quickly. The downside is they're very Quebec-centric and may not have the risk appetite or network for truly disruptive plays. They're solid operators but think more like a family office than a high-growth fund. If you're building a sustainable business in Quebec, they're goldilocks capital. If you're trying to build the next unicorn, look elsewhere.

KEY TAKEAWAYS
  • Best for: Quebec-based businesses seeking patient growth capital with strong governance support
  • Watch out for: Limited appetite for high-risk/high-reward plays and strong Quebec geographic bias
  • Known for: Being Quebec's most active growth investor with cooperative values and sustainable approach
Investment Thesis

Desjardins Capital focuses on supporting Quebec-based businesses at all growth stages through patient capital and strategic guidance. They prioritize companies with strong leadership teams, competitive advantages, and solid business plans that can drive Quebec's economic development while generating reasonable returns.

Stage & Sector Focus

Primarily Quebec-focused growth capital and venture capital across diverse sectors including tech, healthcare, manufacturing, food, retail, education, and construction. Second most active provider of growth capital in Quebec, with 960+ investments and 376 exits according to portfolio data.

Notable Portfolio
BrainBox AILeddarTechMokaAON3DLSL Pharma GroupSecureKey TechnologiesNevada KingSofdesk
Key Partners
Nicolas Richard
President and COO, Desjardins Global Asset Management

Former Morgan Stanley Managing Director and Citi Managing Director with 14 years in asset allocation. London Business School MBA and CFA. Leads overall DGAM strategy including private markets while navigating the recent $1.67B Guardian Capital acquisition.

Nathalie Bernard
Chief Operating Officer, Desjardins Capital

Manages day-to-day operations and portfolio management for CRCD fund. Known for cautious, responsible approach that maintains commitment to Quebec regional development while supporting portfolio company growth.

Stéphane Pilette
Investment Director, Venture Capital

Serial entrepreneur and former angel investor who joined in 2021. Specializes in equity financing for tech businesses with strategic vision for growth objectives. Known for entrepreneurial background.

Eric Bolduc
Investment Director, Venture Capital

With Desjardins Capital since 2016, focuses on tech startups with customized approach. Engineering and business background helps understand technical issues and find appropriate solutions.

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