StandUp Ventures’ debut fund raises fresh capital, ups target to $25 mln
StandUp Ventures, part of a small but fast-growing group of Canadian women-focused venture firms, held the second close of its inaugural fund, raising $18 million. StandUp Ventures Fund I secured additional commitments from CIBC, Export Development Canada, Northleaf Venture Catalyst Fund II, RBC and Vancity, a news release said. The new limited partners joined BDC Capital, which helped anchor the fund’s launch in 2017. With the second close, Fund I surpassed its original goal of $15 million. The Toronto firm, overseen by MaRS Investment Accelerator Fund, is now targeting a final close of $25 million.
21 May 2019•2 mins read
