Tech women get funds

Tech women get funds


The Women in Technology Venture Fund has announced four new investments in firms led or co-led by women. WIT is a C$200m venture fund from Business Development Bank of Canada investing in tech Canadian companies from seed to scale.

The quartet of outfits snagging new funds are:

AvenueHQ, which combines real estate technology and advanced marketing

Lufa Farms, an urban farm-to-table platform growing produce in rooftop greenhouses

tealbook, a provider of AI-powered supplier knowledge management

Unsplash, which offers exclusively curated photography free for any use.

The fund additionally invests into emerging venture funds with female partners and in new models to encourage women to become investors, expanding the network of investors for female founders and women leaders to seek out as they build new ventures. WIT has made 14 investments to-date.

“Diversity in leadership is proven to create more value for investors, more value for consumers and support economic growth," says Michelle Scarborough, md, strategic investments and WIT, BDC Capital.

Image: Unsplash/Sean Foley

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