Canada

Investors include La Caisse, BDC, Investissement Québec, Teralys, the Fonds de solidarité FTQ, CIBC and Fondaction.

We asked this year’s Women of Influence which trends are catching their eye – and how those trends might develop.

The Chicago-based firm closed on $200m for its sophomore fund, with LPs including state retirement funds, funds of funds, endowments and large family offices.

The Canadian VC's sophomore fund, which is targeting $125m, held a first close on $58m, with support from Ceniarth, Equality Fund, KfW, Skoll Foundation and Wire Group.

Our H1 Fundraising Report shows fundraising totals stabilizing, but the number of funds continuing to decline.

Many investors may be mistakenly calculating that companies based in emerging markets have more limited upside potential to break out as global success stories.

The GP and LP have joined forces to strengthen Canada's venture ecosystem and help prepare emerging managers for discussions with institutional LPs.

Limited partners in the Canadian firm's debut fund that have re-upped in Fund II include Government of Quebec through Investissement Québec; BDC Capital; Fonds québécois d'amorçage de Teralys (financed by La Caisse, formerly CDPQ) and Capital régional et coopératif Desjardins.

Fundraising for women-led venture firms dipped again in 2025, but our analysis of four years of research shows that women-led firms' share of total industry fundraising is still growing.

A total of 127 women-led venture capital funds closed on a combined $2.45 billion in 2025, according to Venture Capital Journal's exclusive research.