Corporate VC · Montreal, QC
Desjardins Capital
Quebec cooperative capital, patient and broad.
- Cheque
- $500k to $65M
- Role
- Can lead a round
- Pace
- Actively deploying
- Kind
- Corporate VC
- Based in
- Montreal, QC
- Founded
- 1974
- Works in
- FR + EN
- Last deal seen
- May 2026
- Stages
- Seed, Series A, Series B and later
Their thesis, in full
Desjardins Capital is the venture capital and growth capital arm of Mouvement Desjardins, the largest cooperative financial group in North America. With $3 billion in assets under management and a portfolio of 750+ Quebec companies, cooperatives and funds, Desjardins Capital deploys patient capital across multiple sub-funds (private equity, private debt, growth capital, venture capital) supporting startup, growth and transfer stages. Sector-agnostic mandate with strong roots in Quebec entrepreneurship. Latest disclosed investment in STGM Architecture in May 2026, after AON3D alongside lead Cycle Capital in January 2026. Tickets range from $500k to $65M, can lead or follow depending on stage.
What they bring past the cheque
- Cooperative capital patience
- Multi-fund deployment (private equity, private debt, growth capital, venture capital)
- Quebec SME ecosystem reach
- Long-term partnership posture
- Sister-fund follow-on through Mouvement Desjardins
Questions they usually ask
Have an answer ready for each one before the first call.
- Are you seeking venture capital for a startup or growth capital for a later-stage company, and why?
- How does your business serve or partner with Desjardins' member base of cooperatives and SMEs?
- What is your horizon to profitability, and does patient capital fit your trajectory?
Follow-on
With $3 billion in assets under management across multiple sub-funds (private equity, private debt, growth capital, venture capital), Desjardins Capital recycles capital from stage to stage and can follow on from seed through growth. Cooperative capital posture means longer hold horizons than typical VC.
Who to talk to
- Nathalie BernardChief Operating Officer
- Pierre TessierVice-President and Chief Officer, Investment
- Catherine LalondeVice-President and Chief Officer, Investment Fund Management
- Mario TremblayVice-President, Growth Capital (Quebec City and Eastern Quebec)
- Louis PotvinAssistant Vice-President, Investment Funds and Partnerships
Portfolio
Names they back, most notable first.
- STGM ArchitectureGrowth · 2026
- SmartD TechnologiesGrowth · 2026
- BilldrSeed · 2026
- AON3DGrowth · 2026
- Puzzle Medical DevicesSeries A · 2025
- QohashSeries B · 2024
Often in the same rounds
Investors seen alongside them in past rounds.
- Investissement Québec
- Fonds de solidarité FTQ
- National Bank Private Investment
- BDC Capital
- CDPQ
Similar investors
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