Fundraising Fox
ACET Capital
AcceleratorSherbrooke · Seed · 43 people tracked
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Investment thesis
ACET operates as a technology incubator-accelerator supporting entrepreneurs building innovative technologies that create positive societal impact. It provides comprehensive services including commercialization strategy, entrepreneurial development, company structuring, and a pre-incubation program (ACET Boost) in partnership with Université de Sherbrooke. Startups are guided by a roster of experienced coaches and experts across domains such as sales, marketing, intellectual property, human capital, and life sciences. ACET supports companies across digital, green, health, quantum, and innovative manufacturing technologies. Through its venture capital fund, ACET Capital, it also gives maturing companies access to private financing to support their growth.
Source: firm website, verified Oct 25, 2026.
Team · 43 people
from the firm's website
CEO of ACET since January 2017 with 25 years of experience in economic development and strategic advisory to business leaders; also president and lead manager of the ACET Capital 1 & 2 venture funds. Previously VP of financial affairs at ACET and founder of consultancy A+ Stratégies.
Founder of Biotero, a portfolio company of ACET.
Board member and former senior associate at IBM Consulting for over 20 years, with prior leadership roles in economic ministries and finance/accounting experience at PricewaterhouseCoopers.
Business development coordinator who coordinates company support through tools, activities, processes and programs, with a background in finance, coordination and organization.
Director of investment who supports incubated companies in preparing financing rounds and financial structuring, and analyzes deals for potential investment by the private ACET Capital fund.
Director of recruitment and university/government relations, bringing extensive research and grant networks and helping young entrepreneurs assess the commercial potential of technologies.
Board member and regional VP for business and private banking at National Bank of Canada, with over 25 years supporting entrepreneurs in the Estrie region.
Board member and VP of North American services at Alstom, leading a division with over $1.2B in annual sales; a mechanical engineering graduate named a Grande ambassadrice of the University of Sherbrooke in 2024.
Lead developer with a biochemistry degree from Bishop's University; previously a market analyst in the iA7 service, he now focuses on process automation and internal tooling, including AI integration and database structuring.
Board member and infectious-disease physician; professor and department director at the University of Sherbrooke who became dean of the Faculty of Medicine in 2025 and cofounded LUMED, an ACET company acquired by bioMérieux in 2024.
Marketing and communications advisor who develops campaigns and communication strategies to support ACET's growth and the visibility of its incubated companies.
Director of business and corporate project development with a retail leadership and sales/marketing background; works on business services and internal innovation including AI integration, and leads ACET's presence at the espace konect incubator at Technum Québec.
Director of quantum strategy, playing a key role in developing a quantum-technology investment fund, technical due diligence, entrepreneur support, deal flow, and quantum ecosystem partnerships.
Board member, lawyer and cofounder/president of SherWeb, a North American cloud services leader he founded with his brother in 1998.
Businessman and board member; son of pharmacist Jean Coutu, he built the Jean Coutu Group USA and led major pharmacy acquisitions (Brooks, Eckerd), making the group a top North American chain.
Board member and civil engineering professor, the first woman dean of the University of Sherbrooke's engineering faculty (since June 2025), known for advancing gender equity in engineering.
Board member and corporate law partner at Osler focused on financing, M&A of technology companies and IP; represents life sciences, IT, cleantech and AI companies, and is a founding member of Réseau Anges Québec.
Chartered accountant and board member who held executive roles in food companies and the Quebec government (including president of the Treasury Board and minister of international affairs); director of several companies including National Bank of Canada.
Board member, physician and academic administrator who served as rector of the University of Sherbrooke from 2017 to 2025.
Director of coaching and entrepreneurial development who, drawing on his own entrepreneurial experience, guides companies through crucial development stages.
Board member and former CEO of ACET (2011-2016) and former president of ACET Capital; twice dean of the University of Sherbrooke's business faculty and a founding shareholder of several tech companies.
Director of market intelligence, helping entrepreneurs understand and measure their markets and clarify strategy, backed by local and international competitive-analysis experience.
Communications and digital marketing coordinator; a University of Sherbrooke communications undergraduate completing a second co-op internship at ACET.
Board member and managing partner at Brightspark, an early-stage VC firm, with over 25 years in Canadian venture capital and prior experience managing a large VC portfolio at the Caisse de dépôt et placement du Québec.
Executive assistant supporting ACET's management team, handling file management and corporate communications.
Administration and finance coordinator with nearly 20 years of accounting experience, overseeing ACET's administrative activities and financial operations.
What they invest in
from 36 of 148 portfolio companiesHardware ×11AI & Machine Learning ×10Healthtech ×10Medical Devices ×9Deep Tech ×8SaaS ×7Biotech ×5Digital Health ×5
HQs:Canada×15United States×2France×1
Who they back
founder profiles across 8 portfolio companiesFounding team size:solo founder×42 founders×33 founders×1
Portfolio companies · 148 tracked
alumni founders can tell you what the program is really likeBy year:2026 · 12024 · 12021 · 13 dated
Agendrix is an HRIS and workforce management platform for managers of hourly and shift-based teams, offering employee scheduling, time and attendance tracking, team communication, HR records, and expense management.
Future of WorkHR TechSaaS
Autify builds no-code, AI-based test automation technology for software development teams.
AI & Machine LearningDeveloper ToolsSaaSChuo-Ku, Tokyo, US
Ryo Chikazawa(Founder)inSam Yamashita(Founder)Sam Y.(Founder)inTakayuki(COO)Thomas(VP of Engineering)Chiharu(VP of Finance)
Co-investorsANOBAKAGenesia VenturesGlobal BrainGlobis Capital PartnersLG Technology VenturesUncorrelated Ventures+6 more
AxCell Labs is a Canadian medical device company developing regenerative implants for soft tissue reconstruction, based on an implantable biomaterial derived from bacterial cellulose.
BiotechHealthtechMedical Devices
Azimuth Medical develops Air-Sequr, smart protective trousers embedded with sensors and an airbag system that automatically deploys upon fall detection to protect the hip.
HardwareHealthtechMedical Devices
Co-investorsFront Row Ventures
Bankeo is a Quebec-based matchmaking service that connects entrepreneurs with vetted accountants from its network based on their needs and budget, with a human advisor rather than an algorithm.
FintechMarketplaces
Brian(Founder)
Biotero provides 100% organic lawn topdressing and seeding services, using proprietary products and application techniques to repair, establish, and maintain lawns for residential customers.
Circular EconomyCleantech
Calogy Solutions develops thermal management systems and modular battery packs for industrial and mobility applications.
CleantechEnergyHardware
Co-investorsCreative Destruction Lab (CDL)Ecofuel Fund
CubicSpace develops real-time adaptive playback technology that optimizes 3D, VR, and spatial content across devices ranging from glasses-free 3D displays to VR headsets like the Meta Quest 3.
Deep TechHardwareMedia & Entertainment
Nicholas Routhier(President and Co-Founder)inFrancis Labonté(CTO and Co-Founder)in
Co-investorsTriptyq Capital
DesherbEx develops AI-guided equipment for physical, chemical-free weed removal in agricultural fields, adaptable to different crops and field layouts.
AgTechAI & Machine LearningRobotics
Dyze Design develops components for 3D printers, including hotends, extruders, and sensors that control material supply and deposition.
Advanced ManufacturingHardwareRoboticsMontreal, CA
Co-investorsInnovative Solutions Canada
EncephalX develops the Dynamic Cranioplasty System (DCPS), a cranial implant that treats traumatic brain injuries and strokes in a single procedure rather than the conventional two surgeries.
HardwareHealthtechMedical Devices
Simon Lapointe(CEO & Founder)inDr Christian Iorio-Morin(CMO & Neurosurgeon)Louis-Philippe Riel(CTO)in
Co-investorsFront Row VenturesAnges QuébecHaloHealth
Equal1 builds quantum computing infrastructure packaged as deployable rack systems for data centers, combining quantum research with CMOS silicon design to deliver practical, production-ready quantum computing solutions.
Deep TechHardwareQuantum ComputingSemiconductors
Dirk Leipold(Founder)in
Co-investors808 VenturesAtlantic Bridge VenturesIreland Strategic Investment FundMatterwave Ventures
Forair offers a web and mobile platform for private forest owners in Quebec to visualize, manage, and increase the value of their woodlands, including ordering forest management plans (PAF) online with mapping, health indicators, document centralization, and carbon/biodiversity initiatives.
AgTechClimate TechSaaS
William(Co-founder (forestry engineer))John(Co-founder)
Immune Biosolutions provides GMP and non-GMP production facilities for the manufacturing and purification of recombinant antibodies and proteins.
BiotechHealthtechMedical Devices
Co-investorsBoxOne Ventures
Infineis develops specialized medical devices, including precision guidance systems for intracranial procedures, a therapeutic delivery platform for preclinical and clinical research, and custom devices for veterinary neurosurgery.
Deep TechMedical DevicesNice, FR
Co-investorsBpifrance
Ki3 Photonics develops hardware and software modules for quantum photonics networks, enabling scalable deployment through components that integrate with standard optical fiber and Ethernet infrastructure.
Deep TechHardwareQuantum Computing
Co-investorsInnovative Solutions Canada
Letenda designs and manufactures zero-emission electric buses for public and urban transit operators.
Advanced ManufacturingCleantechMobility & Transportation
LocketGo is a smart locker platform offering on-demand secure storage and contactless delivery for carriers, retailers, and venues.
HardwareLogistics & Supply ChainRetail Tech
Co-investorsFounderFuelMaple Leaf AngelsAnges Québec
Lumed develops expert software systems for hospitals that support clinical practices, aiming to improve patient care and prevent healthcare-associated (nosocomial) infections.
AI & Machine LearningDigital HealthHealthtech
Nord Quantique develops error-corrected quantum computers using superconducting bosonic codes that embed error correction at the hardware level to achieve a 1:1 logical-to-physical qubit ratio.
Deep TechHardwareQuantum Computing
Co-investorsInnovative Solutions CanadaPanache VenturesPresidio VenturesQuantonationCelesta Capital
Oasis Learning AI provides an AI-powered training platform for sales, HR, and operations teams to rapidly upskill employees and keep organizational knowledge synchronized.
AI & Machine LearningEdTechEnterprise SoftwareHR TechSaaSMontréal, CA
Michael Thu(Founder)in
Co-investorsBKR CapitalTechstarsWomen's Equity Lab
OneTrip builds and maintains online stores for independent grocers, handling delivery, marketing, pricing and day-to-day operations through AI assistants while the owner runs the shop.
AI & Machine LearningE-commerceRetail TechMontreal, CA
Paper Plane Therapeutics develops virtual reality therapies to manage pain and anxiety in patients during medical procedures.
Digital HealthHealthtechMedical DevicesMontreal, CA
Jean-Simon Fortin(President (CEO), Co-founder)inDavid Paquin(Chief Technology Officer (CTO), Co-founder)
Co-investorsGlen VenturesAnges Québec
Petit Cactus is a Quebec-based diabetes management app and platform for patients and healthcare professionals, offering AI photo-based carb counting, Dexcom glucose tracking, an event journal, and medical reports.
AI & Machine LearningDigital HealthHealthtech
Privatris offers an AI-driven platform that automatically detects and protects personally identifiable information across structured databases, files, emails, and cloud storage, then redacts or erases sensitive data to maintain compliance.
AI & Machine LearningCybersecurityData & Infrastructure
QSi (Quantum Silicon) develops atomic-scale silicon quantum chips that perform "field controlled computing" by rearranging electrons within single-atom silicon quantum dots instead of using transistors.
Deep TechQuantum ComputingSemiconductors
Robert A. Wolkow(CTO)in
Co-investorsInnovative Solutions CanadaPrivilège VenturesStartup TNT
RaySecur builds MailSecur, a security screening system that uses terahertz (T-ray) imaging to provide real-time 4D visibility into sealed mail and deliveries, detecting concealed threats and contraband such as powders, liquids, and drug-soaked paper that X-ray and metal detection miss.
Deep TechDefense TechGovTechHardwareCambridge, US
PR Yu(Director)Alexander Sappok(Executive Officer, Director)Eric Giroux(Executive Officer, Director)
Co-investorsDreamit VenturesIn-Q-TelLaunchpad Venture GroupOutsiders
Regisco is a condominium management software for condo syndicates in Quebec that lets them build and maintain a digital maintenance log (carnet d'entretien) and track their contingency/reserve fund to comply with Quebec's Loi 16.
PropTechSaaS
SecureRx Technologies is a Canadian health-technology company that builds visual intelligence systems for medication-handling workflows, providing visual verification, evidence capture, and secure records with traceability.
AI & Machine LearningHealthtechMedical Devices
SherMATRIX develops extracellular matrix (ECM) formulations and bio-adhesives for regenerative medicine, with its most advanced product being an animal-derived ECM bio-adhesive for lung surgery currently in in vitro and in vivo validation.
BiotechMedical DevicesNew Materials
Patrick Vermette(Professor, Faculty of Engineering, Université de Sherbrooke)
TATUM bioscience develops biotech solutions, though the page provides limited detail on specific products or target markets.
BiotechDeep TechHealthtech
Jean-François Millau(CEO)in
Co-investorsStartup TNTBoxOne Ventures
UgoWork provides lithium-ion batteries, onboard charging stations, and an energy management platform for material handling fleets (Class I, II and III forklifts), backed by a performance guarantee for the entire energy system.
EnergyHardwareIoT
Vega BioImaging develops a cancer diagnostic platform combining nanobead technology, optical imaging, and AI-powered analysis to enable quantitative detection of multiple cancer biomarkers simultaneously in tissue biopsies.
AI & Machine LearningBiotechDigital HealthMedical Devices
Co-investorsFront Row Ventures
Walaw provides an AI voice agent for health and wellness clinics that answers inbound calls 24/7, books, reschedules and cancels appointments, and logs and transcribes calls.
AI & Machine LearningDigital HealthHealthtech
xPayrience is an online platform that unifies tourism and event attractions, letting partners sell and manage bookings for activities through a single shopping cart.
MarketplacesSaaSTravel & Hospitality
Zelexio offers an education technology platform that helps teachers improve their teaching practices, track learner progress, and automate tasks, while keeping teachers, parents, and students engaged.
EdTechSaaS
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
9Bio ThérapeutiquesAlternaAmical AIAquaforgeArauraAutonomBB InventionsBerkindale AnalyticsBiasafeBio6BioAlert SolutionsBioIntelligence TechnologiesBita Quantum AIBloomclimatBoreas TechnologiesByecho AICargoneCDAO ServicesChemia DiscoveryChyono BiotechClasscraftCogni XRDatasophiaDataunfoldDigithoDimedoveDisplaidDok2uDomiliaDT PharmaEcofilter-TekEllelogic AIEntryChampionsErgoviaEVSimpleFinqubFlow LinkerFoxtrotFreskFrontleapGalleaGC BrieauGleetchGlocal RoboticsGrazy (anciennement Seva)HerbiaeraHexalenceHoppin WorldHot-POCHPSHImmersia StudioImmugeniaInfinityQIrreversibleJ360XKaira TechnologiesKehopsKothar ComputingLensPlusLinkinvetLiquiddoxLivingsafeMagnetude SportMarengoMedAssistantMensanaMileboxMizoMoozoomMyniNaturiaNeatcarNumetrixNurauOctavOctogoneOlijelOneTripOPA TechnologiesOscar RobotiqueOwly PacksOxia InitiativeOzero SolutionsPasqal Canada IncPermalutionPhantomPhotonicsPredictePrivacy SafeQuantized TechnologiesQubicRed Blue QuantumSB QuantumSelfwiseSimmunome AISkinaptiksSME EmpowermentStellarSuper Quantique KarmaSynodeT0 TechnologyTarzan NutritionTechnologies AthletixTedyTerritoire IntelligenceTotum TechTrustiiUfrostVaistatWeChaletXpedalsXPR LabsYatmatch
Portfolio news
latest coverage across their companies
Nord Quantique · techtimes.com · Jul 14, 2026
Azimut Medical · azimutmedical.com · Jul 22, 2025
Frequently asked questions
- How many investments has ACET Capital made?
- ACET Capital has 148 tracked investments, including 1 dated in the last 24 months.
- What stage does ACET Capital invest at?
- ACET Capital invests at the Seed stage.
- What sectors does ACET Capital focus on?
- ACET Capital focuses on Advanced Manufacturing, AI & Machine Learning, Cleantech, Crypto & Web3, Deep Tech, Digital Health, Impact & Social Good, Quantum Computing.
- Where is ACET Capital located?
- ACET Capital is headquartered in Sherbrooke, CA.
- Who does ACET Capital co-invest with?
- ACET Capital most often shares deals with Innovative Solutions Canada, Front Row Ventures, Startup TNT, among 35 tracked co-investors.
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