The Anges Québec Capital fund was launched in 2012 with an initial capitalization of $20 million from the Government of Quebec. It was recapitalized to the tune of $66 million two years later, bringing the total to $86 million.
True to its mission, the initial fund has successfully helped angel investors invest in Quebec startups.
To date, AQC Capital has cut cheques to 53 high-potential startups from across the province with this first fund.
Serge Beauchemin was recruited to set up a second AQC fund in the midst of the COVID-19 crisis. With the world in turmoil, entrepreneurs needed strong financial backing, expertise, and guidance to help them weather the storm.
In May 2021, the AQC II Fund reached its first close with a total of $78 million. The sponsors were Quebec’s four major institutional funds: Ministère de l'Économie, de l'Innovation et de l'Énergie via Investissement Quebec, Caisse de dépôt et placement du Quebec via Teralys Capital, Fonds de solidarité FTQ, and Fondaction, as well as 16 private angel investors who joined the initial group:
The fund is actively looking to invest in 40 new businesses across various sectors in the first four years.
