Scotiabank backs debut fund of women-focused Disruption Ventures
Disruption Ventures has secured an undisclosed investment for its inaugural fund from Scotiabank, a Canadian banking institution. Scotiabank led commitments of $13 million for the $30 million Disruption Ventures I LP, according to the Globe and Mail. In a separate statement, Canadian wealth manager CI Financial Corp said it committed $2 million. Founded last year by Managing Partner Elaine Kunda, a Canadian digital and e-commerce entrepreneur, Toronto-based Disruption invests in early-stage companies founded or managed by women. It expects to close Fund I and make initial investments this year.
6 March 2019•3 mins read
