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desjardins-capital.com

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Investments

77

Portfolio Exits

11

Funds

6

About Desjardins Capital

Desjardins Capital is the development capital fund management arm of Desjardins Group. It fuels the expansion of SMEs and cooperatives alike by providing them with the strategic and financial support needed. By investing in all regions of Quebec and in all major business sectors with strong growth potential, it has become one of the most solidly established and active development capital companies in Quebec.

Desjardins Capital Headquarter Location

2, Complexe Desjardins, bureau 1717 tour est, C.P. 760, Succursale Desjardins

Montreal, Quebec, H5B 1B8,

Canada

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Latest Desjardins Capital News

Desjardins Capital Invests CAD $60M in QScale

Sep 13, 2021

Desjardins Capital Invests CAD $60M in QScale Sustainability, with global ambitions In July 2021, Martin Bouchard , President of Québec-based Fonds QScale S.E.C. ( QScale ), announced a world-class project embracing both artificial intelligence (AI) and high-performance computing (HPC). Rolling out over the next seven years, the eight implementation phases of QScale’s bold plan will represent total investments of $867 million. As a lead investor in the project, Desjardins Group will be on the front lines to support and foster this far-sighted undertaking: one of the most significant international initiatives combining artificial intelligence, circular economy, and sustainable investment. QScale: for a sustainable future QScale is developing infrastructure designed specifically for AI processing, by building large-scale, high-density campuses configured to operationalize machine learning and compute-intensive workloads. Located in Lévis, opposite Quebec City, delivery of the first campus is scheduled for 2022. Developing the site’s potential for innovative collaboration, QScale‘s team plans to recover waste heat energy — excess heat generated by equipment — to operate a commercial-scale greenhouse farming venture sited in adjacent facilities. “QScale is fulfilling Québec’s aspirations for our economy, know-how, and sustainable development,” explains Bouchard. “This is an integrated, innovative, carbon-negative project that meets the future head-on. I’m thrilled to be making this happen with my partners, Vincent Thibault and Dany Perron.” Co-founder of successful businesses such as Copernic Technologies and 4Degrees Data Centers, Bouchard notes, “Québec has an abundance of low-cost hydroelectric energy derived from clean energy sources. And with the northern climate, the cost of cooling devices is significantly lower.” A growing market Data processing and cloud computing have become essential services, with global demand doubling every quarter. A sea change that intensified during the pandemic. And significant growth of that scale offers its own fair share of opportunities for developing eco-friendly, carbon-neutral energy solutions. Demanding international clientele QScale caters to clients with highly specific needs: facilities that have high-capacity, state-of-the-art power supplies to host high-performance compute-intensive AI and HPC data processing workloads. QScale‘s team will manage on-site maintenance, operations, physical safety and security, clients installing and operating their own compute servers. Advanced connectivity thru major fiber-optic routes will secures QScale ability to host global leaders like Airbus, Pfizer or Tesla with the guaranteed capacity they need to maintain their most stringent AI processing standards. Large-scale financing The eight phases of this far-reaching project will represent total investments of $867 million. Phase 1 financing of $195 million has been completed. In July, QScale announced the Québec government’s contribution of a $60 million loan, in addition to a $30 million equity investment in the company. For Phase 1, Desjardins Capital is injecting $60 million in equity and repayable debt, with the remaining $45 million provided by private Québec investors. Complementing Desjardins Capital’s investment, Desjardins Capital Markets will serve as lead arranger, bookkeeper, and administrative agent of the new bank syndicate. Strong synergy for Desjardins Group, whose head office and roots are in Lévis! “Participation by the Québec government and Desjardins Group means this project is 100% Québec based,” declares Bouchard. “We’re inspired by the support of patient partners that embrace innovation and share our vision for the future.” Desjardins: growing innovation Québec’s leading private employer founded 120 years ago, Desjardins Group is highly recognized for supporting innovative projects. “We believe in QScale‘s business plan,” says Guy Cormier , Desjardins Group President and CEO. “This project aligns perfectly with our vision and our cooperative values. It demonstrates the very essence of the economic role Québec entrepreneurs play in growing Québec’s economy.” Desjardins Group’s business investment arm with more than $2.6 billion in assets under management, Desjardins Capital supports the growth and development of Québec-based businesses. “While this project is ambitious, Desjardins Capital recognizes the calibre of the entrepreneurs behind it, and we’re confident that their experience leading other successful businesses will be a major asset for QScale,” underscores Marie-Hélène Nolet , Desjardins Capital’s Chief Operating Officer. “Given the vision of Martin and his partners,” she believes, “QScale is without a doubt going to place Québec among the world’s top data processing innovators. And what’s even more exciting, the project consolidates Québec’s role as a leader in technology, energy, sustainable development, and AI.” The investment aligns with Desjardins Group’s 2040 goal of net-zero emissions across all operations and the financing and investment activities of its proprietary funds in three key sectors — energy, transportation, and real estate. Desjardins is committed to helping large businesses integrate environmental, social, and governance (ESG) criteria and reduce greenhouse gas emissions (GHG). Acting now for future generations In the same vein, QScale is building partnerships with education institutions to accelerate the development and reach of Québec’s cutting-edge robotization and AI expertise. Desjardins plans to expand renewable energy financing through a dedicated $2 billion renewable energy infrastructure investment portfolio. “Climate change has undeniable environmental, social and economic impacts,” sums up Guy Cormier. “We know our actions will shape the future of the planet for our children and that’s why we’re stepping up our efforts to support a just energy transition and leading the way to a low-carbon economy.” If you would like to submit an idea for content, contribute to an article, or are interested in submitting an op-ed,  contact the CVCA’s editorial department here . Related Articles

Desjardins Capital Investments

77 Investments

Desjardins Capital has made 77 investments. Their latest investment was in Angel Host as part of their Seed VC on August 8, 2021.

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Desjardins Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/26/2021

Seed VC

Angel Host

$5.2M

Yes

Panache Ventures, Undisclosed Angel Investors, and White Star Capital

4

8/11/2021

Seed VC

ORO Health

No

MCI Onehealth, and TGIC2

6

8/11/2021

Loan

ORO Health

$2.4M

Yes

MCI Onehealth, and TGIC2

3

8/3/2021

Seed VC

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$99M

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10

7/19/2021

Series A

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$99M

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10

Date

8/26/2021

8/11/2021

8/11/2021

8/3/2021

7/19/2021

Round

Seed VC

Seed VC

Loan

Seed VC

Series A

Company

Angel Host

ORO Health

ORO Health

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Amount

$5.2M

$2.4M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Panache Ventures, Undisclosed Angel Investors, and White Star Capital

MCI Onehealth, and TGIC2

MCI Onehealth, and TGIC2

Sources

4

6

3

10

10

Desjardins Capital Portfolio Exits

11 Portfolio Exits

Desjardins Capital has 11 portfolio exits. Their latest portfolio exit was Heyday on August 03, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/3/2021

Acquired

$991

Hootsuite

3

3/23/2021

Acquired

$991

Mogo

9

2/17/2021

Acquired

ITAC Solutions

3

00/00/0000

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10

00/00/0000

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10

Date

8/3/2021

3/23/2021

2/17/2021

00/00/0000

00/00/0000

Exit

Acquired

Acquired

Acquired

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Companies

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Valuation

$991

$991

Acquirer

Hootsuite

Mogo

ITAC Solutions

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Sources

3

9

3

10

10

Desjardins Capital Acquisitions

1 Acquisition

Desjardins Capital acquired 1 company. Their latest acquisition was Fournier Industries on October 11, 2013.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/11/2013

Leveraged Buyout

1

Date

10/11/2013

Investment Stage

Companies

Valuation

Total Funding

Note

Leveraged Buyout

Sources

1

Desjardins Capital Fund History

6 Fund Histories

Desjardins Capital has 6 funds, including Desjardins Capital Fintech Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/10/2019

Desjardins Capital Fintech Fund

$34M

1

11/23/2015

Capital regional et cooperatif Desjardins

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$99M

10

12/31/2008

Innovatech SEC

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$99M

10

Capital croissance PME

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$99M

10

Transatlantic Fund

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$99M

10

Closing Date

6/10/2019

11/23/2015

12/31/2008

Fund

Desjardins Capital Fintech Fund

Capital regional et cooperatif Desjardins

Innovatech SEC

Capital croissance PME

Transatlantic Fund

Fund Type

Subscribe to see more

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Subscribe to see more

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Status

Amount

$34M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Desjardins Capital Team

1 Team Member

Desjardins Capital has 1 team member, including former Chief Operating Officer, Louis L Roquet.

Name

Work History

Title

Status

Louis L Roquet

Chief Operating Officer

Former

Name

Louis L Roquet

Work History

Title

Chief Operating Officer

Status

Former

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