The round was 750m, la Caisse invested 150 millions.
What's absolutely bunkers is that no major Quebec news sites are talking about this news this morning. La Presse, Journal de Montreal, TVA, nothing. (TVA is mentioning that the crypto market is down and casually mention la Caisse investment down in the article, but it's hardly an important news)
Radio-Canada did make a major investigation into this investment few weeks ago (how timely!) but has yet to update it
https://ici.radio-canada.ca/recit-numerique/4095/caisse-depo...
Better than 750m I guess, but with my napkin math its still 1200 old YC deals / 300 new YC deals which are most likely to have a better ROI than a crypto exchange. But la Caisse doesn't invest in small businesses, they want big deals to reduce risk (ironically).
I have no numbers to back this up but only an observation which I thought completely trivial until now, that of the hundreds of crypto people that I've interacted with since I first started dabbling with it in 2013, it always felt a bit odd, as someone who mainly lived and worked in the federal district in DC, how an outsized proportion of them - and especially ones that stand out as being the most ideologically strident type of crypto-bro - were French Canadians.
What's absolutely bunkers is that no major Quebec news sites are talking about this news this morning. La Presse, Journal de Montreal, TVA, nothing. (TVA is mentioning that the crypto market is down and casually mention la Caisse investment down in the article, but it's hardly an important news) Radio-Canada did make a major investigation into this investment few weeks ago (how timely!) but has yet to update it https://ici.radio-canada.ca/recit-numerique/4095/caisse-depo...