Fondaction invests $500,000 in LB Laser Inc. to support its growth and job creation in Quebec's manufacturing sector.
Target Company Information
Fondaction has announced a significant investment of $500,000 in LB Laser Inc. (LB), a young manufacturing enterprise based in Lévis, specializing in laser cutting and sheet metal bending. This funding aims to double the company's workforce and revenue over the next three years. LB sets itself apart through its use of cutting-edge technology and its democratic management model, with 75% of the equity owned by employees and managers.
Founded in 2015, LB currently employs 14 individuals and serves over 100 clients. The company has experienced remarkable growth, with sales increasing nearly fourfold in just two years.
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Industry Overview in Quebec
Quebec's manufacturing sector plays a crucial role in the province's economy, contributing significantly to job creation and innovation. With a diverse range of industries inc
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Fondaction
invested in
LB Laser inc.
in 2019
in a Other VC deal
Disclosed details
Transaction Size: $1M