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AQC Capital, founded in 2012, is a venture capital firm based in Quebec, Canada. The organization focuses on supporting early-stage technology companies, primarily in Quebec, with a commitment to generating significant returns for stakeholders. AQC Capital operates with a generalist approach, investing across various sectors including AI, SaaS, healthcare, and fintech. The firm collaborates closely with angel investors, particularly from the Anges Québec network, to identify and nurture promising startups.
As of now, AQC Capital manages total assets of CAD 160 million and has launched two funds. The first fund, Anges Québec Capital I, was initiated in 2012 with an initial capitalization of CAD 20 million, later increased to CAD 86 million. The second fund, AQC II, was launched in May 2021 with a total of CAD 78 million, aiming to invest in 40 new companies over four years. AQC Capital's mission is to create successful companies that contribute to the Quebec economy while delivering substantial returns for its stakeholders.
AQC Capital primarily invests in early-stage technology companies located in Quebec, focusing on the pre-seed and seed stages. The firm adopts a long-term value creation strategy, working closely with angel investors who possess deep sector knowledge. AQC Capital's investment thesis encompasses a wide array of sectors, including AI, SaaS, healthcare, biotech, consumer, commerce, edtech, fintech, energy, and climate. Initial investments can reach up to CAD 750,000, with the potential for follow-on investments to support companies throughout their growth journey.
The organization emphasizes its commitment to positively impacting the Quebec economy through its investments. AQC Capital seeks entrepreneurs who are building technology companies with the potential to disrupt global markets. The firm values collaboration and strategic guidance, ensuring that portfolio companies receive the necessary support to thrive in competitive environments.
AQC Capital has invested in a diverse range of companies, totaling 64 in its portfolio. Notable companies include:
Among its notable exits, AQC Capital has seen success with Lexop, a software company specializing in accounts receivable management.
Serge Beauchemin: Managing Partner at AQC Capital, Serge has extensive experience in venture capital and has been instrumental in guiding the firm's investment strategy since its inception.
Stéphane Caron: Partner at AQC Capital, Stéphane brings a wealth of knowledge in technology investments and has played a key role in supporting portfolio companies.
Kalthoum Bouacida: Partner at AQC Capital, Kalthoum specializes in early-stage investments and works closely with founders to help them achieve their business goals.
David Dufresne: Investment Partner who joined AQC Capital to assist in deploying Fund 2, David has a strong background in venture capital and technology investments.
To pitch AQC Capital, founders should visit their website at aqccapital.ca. It is recommended to include a comprehensive pitch deck that outlines the business model, market analysis, and financial projections. AQC Capital prefers warm introductions through their network of angel investors, which can improve the chances of a successful pitch. Response times may vary, but founders should expect a thorough review process.
On January 6, 2025, AQC Capital celebrated the exit of Lexop, a company specializing in accounts receivable management, marking a significant milestone for the firm.
In May 2021, AQC Capital launched its second fund, AQC II, with a total capitalization of CAD 78 million, aimed at investing in 40 new companies over four years.
Throughout 2023, AQC Capital has continued to actively support technology entrepreneurs in Quebec, reinforcing its commitment to fostering innovation in the region.
What are AQC Capital's investment criteria?
AQC Capital focuses on early-stage technology companies in Quebec, primarily at the pre-seed and seed stages. The firm invests in a variety of sectors, including AI, SaaS, healthcare, and fintech, with initial investments up to CAD 750,000.
How can I pitch AQC Capital?
Founders can pitch AQC Capital through their website at aqccapital.ca. It is advisable to include a clear business plan, market analysis, and financial projections in the pitch deck.
What makes AQC Capital different from other VCs?
AQC Capital collaborates closely with angel investors, leveraging their sector knowledge to provide strategic guidance and support to portfolio companies. This tight integration allows for a unique approach to early-stage investing.
What is AQC Capital's geographic focus?
The firm exclusively invests in companies located in Quebec, Canada, emphasizing its commitment to the local economy.
What is the typical follow-on investment behavior?
AQC Capital demonstrates a commitment to follow-on investments, aligning with angel investors to support companies as they grow through various funding rounds.
What is the total fund size and assets under management?
AQC Capital manages total assets of CAD 160 million, with its latest fund, AQC II, closed at CAD 78 million.
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