Women-focused StandUp Ventures Fund I launches, backs Tealbook
BDC Capital and MaRS Investment Accelerator Fund (MaRS IAF) announced the initial close of StandUp Ventures Fund I, a pre-seed and seed fund that will focus on investing in Canadian women-led technology companies. BDC, which said last November it would help create a fund, committed $5 million to the close. Additional investors will also be sought. The fund will be managed by MaRS IAF and make up to 20 investments sized $250,000 to $1 million over the next three to five years. It has already closed its debut deal, backing Tealbook, a Toronto supplier intelligence platform founded in 2014 by CEO Stephany Lapierre.
8 May 2017•4 mins read
