Canada

We have updated our exclusive directory of more than 400 women-led venture capital firms from around the world.

The largest known VC fund commitment in 2025 was $225m – 38% less than the biggest known commitment of the previous year.

Fundraising for the global venture capital industry totaled $80.1bn in 2025, down 38% from the previous year, according to Venture Capital Journal research.

Limited partners in the new fund include BDC Capital and Canadian Imperial Bank of Commerce and new strategic investors Caterpiller and Autodesk.

North American GPs are split on whether they double down on DEI as a differentiator, or decrease its prominence in reaction to the Trump administration's stance.

The Canadian VC has so far raised C$10.2m towards its C$20m target with support from institutional LPs.

VCs worldwide raised a combined $16.8bn, the lowest quarterly figure since Q4 2015, according to Venture Capital Journal research.

Aiming to start 25 new companies from scratch by 2030, the incubator hopes to stem the outflow of immigrant entrepreneurs who are moving to the US to start businesses due to limited support at home.

The firm’s Inclusive & Sustainable Ventures cohort is expanding its focus this year for the first time to include four non-profits in Nigeria, South Africa and the US.

The fund is anchored by the Fonds de solidarité FTQ, while its other LPs include Capital régional et coopératif Desjardins, Fonds québécois d'amorçage Teralys and TD Innovation Partners.