StandUp Ventures, investor in women-led businesses, raises $18-million GlobeTechnology
Michelle McBane, Senior Investment Director at MaRS Investment Accelerator Fund and Managing Director at StandUp Ventures in Toronto on May 17, 2019.A venture capital fund that invests in women-led companies has raised $18-million from a group of investors, including three Canadian financial institutions that are looking to strengthen their ties with Canada’s technology entrepreneurs.
The second annual Canadian Women in Venture Report, published earlier this month by seed-stage funding firm Highline BETA and advocacy group Female Funders, found that 85 per cent of the money invested in Canadian venture capital funds last year went to funds with no female partners. StandUp launched in May, 2017, with BDC as its anchor investor. Since then it has made seven investments, the latest of which went to Sampler, an online platform to help marketers manage the distribution of product samples. The other companies in its portfolio are Bridgit Solutions, Coconut Software, Emovi, Nudge Rewards, and tealbook.
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