🦊/Investors

La Caisse

Institutional investor

Montréal · Growth–Late Stage · 2 people tracked

Also known as Caisse de depot et placement du Quebec · Caisse de dépôt et placement du Québec · Caisse de Dépôt et Placement du Quebec (CDPQ) · CDPQ

Find your way into La Caisse

767 people in our graph share verified history with the La Caisse team — schools, employers, funds. One of them is your warm intro.

Lyle McCullochunlockedknows Charles Emond · together at PwC (overlapped)
knows the team · via Scotiabank
×3knows the team · via PwC
×4knows the team · via Concordia University
×3knows the team · via Grant Thornton LLP
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Investment thesis

La Caisse is a large institutional investor managing over $500 billion in assets across 70 countries, including roughly $100 billion in Québec. It operates under a dual mandate: generating commercial market-rate returns to secure its depositors' financial future while actively building Québec's economy. The firm invests across private equity, fixed income, real estate, infrastructure and public equity markets, and increasingly develops its own projects. It emphasizes market-based financing over subsidies and champions strategic sectors where Québec and Canada can compete globally—energy and materials, defence and aerospace, and artificial intelligence—while promoting productivity, innovation, entrepreneurship and public-private partnership models such as asset recycling and project derisking.

Source: firm website, verified Aug 30, 2026.

Stage
Growth–Late Stage
HQ
Montréal, ON, CA
Instruments
Equity · Debt
AUM
$500B
Tracked investments
24
IPOs
1
Acquisitions
2

Team · 2 people

from the firm's website & curated

What they invest in

from 21 of 24 portfolio companies

SaaS ×9AI & Machine Learning ×5Healthtech ×5Enterprise Software ×4Fintech ×4Medical Devices ×4Biotech ×3Cybersecurity ×3

HQs:United States×8Canada×4France×2Italy×1Uruguay×1

Investments · 24 tracked

founders shown can be your intro path

By year:2024 · 32023 · 12022 · 32021 · 42020 · 213 dated

Macrogenics Incmacrogenics.cominNASDAQ: MGNX

MacroGenics is a clinical-stage biopharmaceutical company developing antibody-based therapies for cancer patients.

BiotechHealthtechMedical Devices

Scott Koenig(Director)inEric Risser(President and Chief Executive Officer)in

Co-investorsHavencrest Capital ManagementRidgeback CapitalRiverVest Venture PartnersSanofi VenturesTPG

Verticalbridgeverticalbridge.comin✓ verified

Vertical Bridge is an infrastructure company.

HardwarePropTech

Alex Gellman(Executive Chairman and Co-Founder)inMichael Belski(Co-Founder and Executive Vice President)

Co-investorsDigitalBridgeStonepeak

AlayaCarealayacare.comin𝕏Jun 2021 · $185M

AlayaCare Cloud is an AI-powered operating system for home-based care providers that integrates caregiving, scheduling, billing, and clinical workflows in a single platform.

AI & Machine LearningCloud ComputingDigital HealthHealthtechSaaS

Co-investorsInovia CapitalKensington Capital Partners LimitedKlass CapitalventureLAB Innovation CentreGeneration Investment Management

Alvestalvest.fr

Alvest is a group organized around a Supervisory Board, an Alvest Management Committee, and a Steering Committee that oversee its global operations and governance.

CleantechSector Agnostic

Valentin Schmitt(President and CEO)in

Co-investorsPAI PartnersArdian

Biogroup-LCDbiogroup.frin𝕏

Biogroup Fertilité operates a network of fertility and assisted reproduction centers providing in vitro fertilization, artificial insemination, and fertility preservation services to patients across multiple locations.

HealthtechMedical Devices

Co-investorsAndera Partners

Catalyticcatalytic.comin𝕏Sep 2024 · $2.4Bacquired by PagerDuty

PagerDuty Workflow Automation lets Dev and IT Operations teams automate manual business processes by combining human-in-the-loop steps such as approvals and decisions with technical automation like Runbook Automation.

Developer ToolsEnterprise SoftwareSaaSChicago, US

Sean Chou(Executive Officer, Director)inRavi Singh(Executive Officer, Director)

BoardPeter Barris(Director)in

Co-investorsboldstart venturesChicago VenturesIn-Q-TelIntel CapitalLightbankGIC+3 more

CleverTapclevertap.comin𝕏Aug 2022 · $105M

CleverTap is a customer engagement and retention platform used by businesses to analyze user behavior and run marketing campaigns across channels.

AdTechAI & Machine LearningMarketing TechSaaS

Anand Jain(Founder)inSunil Thomas(Co-founder & CEO)inSuresh Kondamudi(Founder)in

Co-investorsAccelPeak XV PartnersVelocityRecruit HoldingsTiger Global Management

consultationquebec.ca𝕏

Official government portal of Québec providing information about the elected government, its priorities, municipalities, organizations, and public sector job opportunities.

GovTech

Co-investorsMAIN500 GlobalFelicis VenturesGreylock Partners

Corealiscorealispharma.comin

Corealis Pharma is a contract development and manufacturing organization (CDMO) specializing in oral solid dosage formulation and GMP manufacturing for biotech companies developing complex therapies.

Advanced ManufacturingBiotechHealthtechMedical DevicesLaval, CA

David Leroux-Petersen(Chief Executive Officer)inPatrick Gosselin(Vice-President, Pharmaceutical R&D)Yves Mouget(Vice-President, Analytics)Pascal Tougas(Chief Financial Officer)in

Co-investorsARCHIMED JapanArchiMed Pte. Ltd.

Druvadruva.comin𝕏Apr 2021 · $147M

Druva provides a cloud-native SaaS platform for data backup, protection, recovery, and AI-driven data insights across enterprise data and workloads.

Cloud ComputingCybersecuritySaaSSunnyvale, US

Milind Borate(Director)inJaspreet Singh(Founder & CEO)inMahesh Patel(Executive Officer)inEugenia Buzogly(Executive Officer)

BoardShailendra Jit Singh(Director)inJishnu Bhattacharjee(Director)in

Co-investorsArbor Ventures UKFounders Circle CapitalHercules Capital, Inc.Orios Venture PartnersPeak XV PartnersRiverwood Capital+8 more

Fonds de solidarité FTQfondsftq.comin𝕏Oct 2024 · $302M

Fonds de solidarité FTQ is a Quebec labour-sponsored investment fund offering retirement and savings products (RRSP, TFSA, RRIF) that channel individuals' savings into Quebec businesses.

FintechImpact & Social Good

Co-investorsGrandBanks CapitalDiagramEndeavor CatalystFondactionFonds de solidarité FTQNAventures

GSoftgsoft.com.uyJun 2023

GSoft develops and implements business software for companies in Uruguay, including electronic invoicing, point-of-sale, restaurant management, and payment processing tools, along with implementation and support services.

FintechRetail TechSaaS

Co-investorsVesta Software Group

Integrisonetrust.comin𝕏Acquired

OneTrust provides a governance platform for privacy, risk, data, and compliance across organizations' technology stacks.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareSaaSAtlanta, US

Alan J. Dabbiere(Manager)inJohn Marshall(Manager)Kristina Bergman(Founder)inKabir Barday(Founder)in

BoardRichard Wells(Manager)inDavid K. Dabbiere(Manager)

Co-investorsAcrew CapitalAdams Street PartnersAmplify PartnersAspect VenturesBitkraft Esports VenturesBlackRock+19 more

Nuveinuvei.comin𝕏Sep 2020 · $833M

Nuvei builds payment infrastructure that enables businesses to accept payments, process payouts, issue cards, and manage treasury and foreign exchange needs across 190+ countries.

Enterprise SoftwareFintechMontreal, CA

Phil Fayer(Chairman and Chief Executive Officer)inJocelyne Gagnon(Executive Officer)Edi Kadashev(Executive Officer)inYuval Ziv(Executive Officer)inEdward Garcia(Executive Officer)Max Attias(Executive Officer)in

Co-investorsKensington Capital Partners LimitedNovacap

Onapsisonapsis.comin𝕏Oct 2020 · $55M

Onapsis provides cybersecurity solutions focused on protecting enterprise applications, particularly SAP and Oracle systems, across cloud, on-premises, and hybrid environments.

CybersecurityEnterprise SoftwareSaaSBoston, US

Mariano Nunez(Chief Executive Officer)inSadik Al-Abdulla(Chief Product Officer)inDenis Cashman(Chief Financial Officer)inDebi Dowling(Chief Marketing Officer | Chief of Staff)inPaul Kleinschnitz(Chief Revenue Officer)inJuan Pablo Perez-Etchegoyen(Chief Technology Officer)

Co-investors.406 VenturesEvolution Equity PartnersGolub GrowthNightDragon

Plusgradeplusgrade.cominMar 2024

Plusgrade provides white-label ancillary revenue solutions for airlines, rail, cruise, and hospitality brands, letting travelers bid for or purchase upgrades, extra seat space, priority services, and stay extensions.

FintechSaaSTravel & HospitalityMontreal, CA

Co-investorsGeneral AtlanticNovacapTA Associates

Pokapoka.ioin𝕏Jun 2021 · $25M

Poka provides a platform for factory workers to learn, solve problems, and share knowledge in real time on the factory floor.

Advanced ManufacturingAI & Machine LearningFuture of WorkSaaS

Co-investorsGarage CapitalMcRock CapitalSE VenturesInovia CapitalRobert Bosch Venture CapitalUncork Capital

Samasamasource.comin𝕏Nov 2021 · $70M

Sama provides data annotation and labeling services for training AI models, serving companies across various industries.

AI & Machine LearningData & InfrastructureImpact & Social GoodSan Francisco, US

Leila Janah(Founder)in

Co-investorsRidge VenturesAntlerFirst Ascent VenturesSalesforce VenturesVistara Growth

Soli Organicsoliorganic.comOct 2022 · $125M

Leading grower and distributor of organic fresh herbs using indoor growing tech with 90% less water; merged with 80 Acres Farms in August 2025.

Co-investorsArborview CapitalDns CapitalMiddleland CapitalXPV Water Partners

Stagostago.comin

Stago develops and manufactures hemostasis testing systems, analyzers, and reagents for clinical and laboratory diagnostics.

BiotechDigital HealthHealthtechMedical Devices

Co-investorsARCHIMED JapanArchiMed Pte. Ltd.

Terrionterrion.io

Terrion is building an integrated domestic supply chain for synthetic graphite in the United States, covering feedstock through finished material for defense, energy, and industrial applications.

CleantechDeep TechDefense TechNew MaterialsFrederick, Maryland, US

Dr. Kam Ghaffarian(Co-founder & Executive Chairman)Dustin Berra(Co-founder and CEO)inDr. Pete Pappano(Co-founder and CTO)PeteMichael

BoardKam

Co-investorsIBX

Unitounito.itin𝕏Oct 2022 · $20M

Unito is the University of Turin, a public university offering study programs across 27 departments and 6 schools with 22 libraries.

EdTechTurin, IT

Co-investorsTosetti Value SIMBessemer Venture PartnersRainfall Ventures

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

R-Zero Systems

Exits · 3

1 IPOs · 2 acquisitions · showing 2

Macrogenics IncNASDAQ: MGNXCatalyticacq. by PagerDuty

Portfolio news

latest coverage across their companies

IPO stake values · per SEC filings

Value of this firm's stake in each portfolio company at its IPO price, from the prospectus principal-stockholder table.

CompanyOwnedIPO priceAt IPOStake value
Macrogenics Inc4.1%$36.50Feb 2014$37.7M

Source: SEC S-1 / 424B prospectus filings. Stake value = shares beneficially owned × the initial public offering price, as disclosed — a market value at IPO, not a return multiple (the firm's original cost is not disclosed).

Frequently asked questions

How many investments has La Caisse made?
La Caisse has 24 tracked investments, 3 of which have exited, including 2 dated in the last 24 months.
What stage does La Caisse invest at?
La Caisse invests at the Growth, Late Stage stages.
What sectors does La Caisse focus on?
La Caisse focuses on AI & Machine Learning, Biotech, Crypto & Web3, Defense Tech, Energy, New Materials, PropTech.
Where is La Caisse located?
La Caisse is headquartered in Montréal, CA.
Does La Caisse lead rounds?
La Caisse has led 6 of the 10 rounds where its role is on record.
Who does La Caisse co-invest with?
La Caisse most often shares deals with Aspect Ventures, Bitkraft Esports Ventures, DCM Ventures, among 23 tracked co-investors.

Media · Podcasts & interviews

featuring the team

One-on-one with La Caisse President and CEO Charles Emond on Montreal's newest transit line – CTVNews

Charles Emond · ctvnews.ca

Bilan de mi-année de La Caisse : entrevue avec son pdg Charles Emond | Zone économie

Radio-Canada Info · Charles Emond

La Caisse de dépôt affiche un rendement de 4,2 % : entrevue avec Charles Emond | Zone économie

Radio-Canada Info · Charles Emond

Zone économie | Entrevue avec Charles Emond, PDG de la Caisse de dépôt

Radio-Canada Info · Charles Emond

Entrevue : Charles Emond, PDG de la Caisse de dépôt

Radio-Canada Info · Charles Emond

Images

La Caisse photoLa Caisse photoLa Caisse photoLa Caisse photo

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