Fondaction has made a $500,000 investment in La Coop des deux rives to enhance the growth of Quebec's agro-food sector.
Target Information
Fondaction has announced a strategic investment of $500,000 in La Coop des deux rives, an agricultural cooperative located in the Saguenay–Lac-Saint-Jean region. This cooperative comprises over 300 producer members and approximately 990 auxiliary members within the local community. The investment aims to bolster the cooperative's agro-food sector, which focuses on enhancing the value of regional products, thus generating positive economic impacts for the area and promoting the agro-food expertise of Quebec.
La Coop des deux rives has established a vibrant business network among its members, granting them convenient access to vital products and services. These resources include hardware supplies, materials, agricultural products, and consulting services, all designed to support the members' development and enhance local agricultural practices.
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Industry Overview in Quebec
The agro-food industry in Quebec is notably robust, characterized by a diverse array of enterprises and cooperatives dedicated to ensuring the vitality of the region. As one of the key sectors of the Quebec economy, it plays a crucial role in promoting he
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Fondaction
invested in
La Coop des deux rives
in 2017
in a Other VC deal
Disclosed details
Transaction Size: $1M