Investment Summary

Desjardins Capital Invests In Progitek

On July 12, 2021, growth capital firm Desjardins Capital invested in software company Progitek

Investment Highlights
  • This is Desjardins Capital’s 2nd transaction in the Software sector.
  • This is Desjardins Capital’s 3rd transaction in Canada.
  • This is Desjardins Capital’s 3rd transaction in Quebec.

Investment Summary
Date 2021-07-12
Target Progitek
Sector Software
Investor(s) Desjardins Capital
Deal Type Stake Purchase

Target

Progitek

Quebec , Quebec, Canada
Progitek develops a range of innovative software solutions for dental practitioners. Dentitek, its flagship product, allows practicing dentists to go paperless while facilitating clinic administration and boosting productivity. Progitek was founded in 1995 and is based in Quebec City.

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Investor(S) 1

Investor

Desjardins Capital

Investor Investor Investor

Category Growth Capital Firm
Founded 1995
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 3 of 4
Sector (Software) 2 of 2
Type (Stake Purchase) 1 of 1
State (Quebec) 3 of 4
Country (Canada) 3 of 4
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 Agendrix

Sherbrooke, Quebec, Canada

Agendrix provides a web and mobile application that simplifies schedule, timesheet, and payroll management. It is now used in more than 8,000 small and medium-sized workplaces in sectors as diverse as retail, food services, seniors housing, and construction, among others. Agendrix was formed in 2015 and is based in Sherbrooke, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-30 Liberty Spring

Montmagny, Quebec, Canada

Liberty Spring is a precision spring manufacturer offering services to the automobile and recreational product industries. Liberty Spring is a Canadian company established in 1986 with its headquarters in Montmagny, Quebec.

Buy -
Mergr

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