Point Laz Mining Laser Expertise announced it has closed a $3 million funding round to accelerate production and global deployment of its automated mine shaft inspection technology and related analytics platform. The financing was led by the i4 Capital Fund, with significant participation from Fonds Impulsion, which is managed by Investissement Québec and financed by the Government of Québec.
The company develops automated inspection systems designed to improve safety and operational performance in underground mining by standardizing shaft inspections and reducing downtime. Point Laz said its proprietary scanning technology is built to support preventive and predictive maintenance—helping operators identify issues earlier, reduce the risk of incidents, and limit the costs associated with unplanned interruptions. The company said it has inspected more than 50 mine shafts worldwide.
Point Laz plans to use the capital to scale production of its advanced mine shaft scanner and expand the international rollout of its analytics and artificial intelligence platform. The company framed the investment as enabling it to strengthen operations, expand its global presence, and deepen support for clients and partners as it pushes to digitize and automate a critical component of mining infrastructure maintenance.
Alexandre Grenier, founder and CEO of Point Laz, said the participation of i4 Capital and Investissement Québec’s Fonds Impulsion validates the company’s technology and its plan to modernize mine shaft inspection workflows. He said the capital will help the company standardize operations, broaden its international footprint, and reinforce its position as a technology leader in the sector.
i4 Capital Fund partner and co-founder Jean-François Grenon said the firm is backing Point Laz again because its approach to smart monitoring in mining aligns with i4’s investment strategy and the team’s market potential. He said i4 believes Point Laz is positioned to become a significant player in mining technology.
Québec’s Minister for the Economy and Small and Medium Enterprises, Samuel Poulin, said Fonds Impulsion is intended to accelerate the growth of Québec technology companies by supporting the commercialization of innovations in key sectors such as mining. Alex Laverdière, vice president of venture capital at Investissement Québec, said the investment reflects the fund’s mandate to support high-growth Québec companies while partnering with specialized funds to increase the economic impact of venture investments.
Point Laz is based in Québec and focuses on automated mine shaft inspections, predictive performance analytics, and mining safety solutions. i4 Capital Fund is a Canadian seed-stage venture capital firm focused on breakthrough technologies, while Fonds Impulsion targets pre-seed and seed-stage Québec startups, offering initial checks ranging from $250,000 to $2 million and follow-on capacity.
KEY QUOTES:
“The involvement of strategic partners like i4 Capital Fund and Investissement Québec’s Fonds Impulsion is a strong endorsement of the value of our technology and our team’s vision to digitize and automate mine shaft inspections. This new capital will allow us to standardize our operations, strengthen our global presence, and better support our clients and partners. It also sends a clear message to the industry: Point Laz is leading the next revolution in mine shaft technology.”
Alexandre Grenier, Founder and Chief Executive Officer, Point Laz
“We’re proud to support Alexandre Grenier and the Point Laz team once again. Their unique approach to smart monitoring for the mining industry, along with their market potential, aligns perfectly with i4 Capital Fund’s investment strategy. We are confident that Point Laz is on track to become a key player in the mining sector.”
Jean-François Grenon, Partner and Co-founder, i4 Capital Fund
“The Fonds Impulsion helps fast-track the growth of Québec tech companies like Point Laz. By providing ambitious financial support, we’re enabling the development and commercialization of innovative solutions in key sectors for Québec, such as mining. It’s through this kind of strategic investment that we build a stronger, future-focused economy.”
Samuel Poulin, Minister for the Economy and Small and Medium Enterprises, and Minister Responsible for Youth
“By supporting Point Laz, the Fonds Impulsion is backing a high-growth-potential Québec company whose technology can help advance the mining sector. This investment, made in partnership with i4 Capital, reflects our commitment to working in synergy with specialized funds to accelerate the growth of innovative businesses and maximize the economic impact of our investments in Québec.”
Alex Laverdière, Vice President, Venture Capital, Investissement Québec
