Quebec’s InnovMetric secures $45M investment from the Fonds de solidarité FTQ

Quebec-based InnovMetric is entering into the next stage of its development with a $45 million investment from the Fonds de solidarité FTQ. The investment will support the long-term growth of the company, which is celebrating its 30th year in business this year.

“This announcement with the Fonds de solidarité FTQ network allows us to join forces with a strong financial partner that will support us in our next phase of growth. This growth will be driven by our digital transformation solutions for 3D measurement processes, which enable our clients to make better product lifecycle decisions, foster greater collaboration, and ultimately, increase profitability,” said Marc Soucy, president and co-founder of InnovMetric.

InnovMetric specializes in the design of 3D measurement software. Its software solutions are designed to verify the compliance of manufactured parts, allowing proper assembly as well as a significant reduction in rejected parts and product time-to-market.

Drawing on its new partner’s extensive experience and network of experts, InnovMetric will establish strong governance to ensure a successful future.

The Fonds de solidarité FTQ is a development capital investment network in the province of Québec. Its mission, which aims to contribute to socio-economic growth for the benefit of workers and businesses, is perfectly aligned with the values that drive Marc Soucy, president and co-founder of InnovMetric, says the company.

“Québec City is now a world leader in software thanks to the expertise in 3D measurements developed by InnovMetric over the past 30 years. We are proud to support the growth of this company, which counts the world’s largest manufacturers among its clients. The culture of innovation that is promoted by Marc Soucy and the entire InnovMetric team shines around the world,” said Saloua Benkhouya, vice-president of private equity and impact investing at the Fonds de solidarité FTQ.