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Investissement Québec invests in Panache Ventures Investment Fund II

Date Closed

July 21, 2022

Lead Office

Québec City

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).