Organization · Micro VC
Filaction
Filaction is an impact investment fund based in Quebec, Canada, established in 2001. It focuses on financing small and medium-sized enterprises and cooperatives, particularly those led by entrepreneurs from underrepresented communities, with an emphasis on sustainable development.
Overview
What Filaction does
What Filaction is
Filaction is an impact investment fund based in Quebec, Canada, established in 2001. It focuses on financing small and medium-sized enterprises and cooperatives, particularly those led by entrepreneurs from underrepresented communities, with an emphasis on sustainable development.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Micro VC
- Founded
- Founded in 2001
- Approximate age
- About 25 years
- Structured capabilities
- Funder
- Last reviewed
- May 5, 2026
Official channels
Find Filaction elsewhere
Open the official website or a supported primary organization account.
Capability profile
Filaction as a funder
Investment thesis
Filaction focuses on impact investing in Quebec SMEs that respect sustainable development principles, emphasizing financial inclusion for underrepresented communities and regional development.
Focus narrative
Filaction invests in small and medium-sized enterprises that adhere to sustainable development principles. Their focus includes promoting diversity, social economy initiatives, and the enhancement and development of local territories. They specifically support financial inclusion for entrepreneurs from Black and cultural communities in Quebec through accessible financial instruments.
Value beyond capital
Filaction adds value to its portfolio companies by providing not only financial support but also strategic guidance and access to a network of regional development stakeholders and government partners. Their focus on sustainable development and community impact ensures that investments align with broader social goals.
Terms and economics
- Typical check
- $50,000–$500,000
Focus and fit
- Stages
- Seed · Growth Equity
- Sectors
- Healthcare
- Regions
- North America
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 10
Portfolio context
Airudi: A HR tech company based in Montreal that uses machine learning algorithms to optimize human resource management. Équinox Aventure: A tourism agency in Saguenay-Lac-Saint-Jean offering adventure and ecotourism packages. Votepour.ca: A social economy enterprise in Quebec City that facilitates citizen engagement and consultation for local projects. Produits Capillaires Blended Beauty Inc.: A company focused on hair care products for Afro-descendant women, based in Montreal. Applications MD: A social economy enterprise developing mobile applications for emergency medicine. Centre de mobilité Synergy: A service center in Montreal specializing in the maintenance of hybrid and electric vehicles. Laboratoires MZL: A company in Montreal that offers eco-responsible cosmetic and health products. Groupe Sidney Santé: Owner of five residences for the elderly in the Laurentides region. Preski: A ski facility in Quebec City designed to provide year-round skiing experiences. Création Delicia: A family-owned business in Montreal that develops Mediterranean grocery products with a focus on sustainability.
Common questions
What to know about Filaction
Upseed classifies Filaction under the Micro VC organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
May 5, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.