Investissement Québec invests in Panache Ventures Investment Fund II
July 21, 2022
On September 8, 2022, Panache Ventures announced the closing of Panache Ventures Investment Fund II 2022 L.P., a C$100 million venture capital fund targeting pre-seed and seed investments in the technology sector in Canada and the United States, including an investment in the fund by Investissement Québec ("IQ") as a major investor.
IQ was established in 1998 to favour investment in Quebec by Quebec-based and international companies. Its registered office is located in Quebec City.
Panache is a diversified venture capital firm that focuses on enabling world-changing innovations led by ambitious entrepreneurs in areas including enterprise software, AI/ML, fintech, blockchain/web3, health tech, and climate tech. Panache has offices in Vancouver, Calgary, Toronto, and Montreal.
McCarthy Tétrault advised IQ with a team led by Mathieu Laflamme that included Alexandre Saulnier-Marceau, Isabelle Pépin-Lapointe, Nicolas Gervais (Private Equity), Christian Meighen, Marie-Soleil Landry, and Julien Leblanc (Tax).