A new Toronto-based seed-stage firm investing in women-led companies.
, which recently raised $6.53 million CAD. At least seven of the companies StandUp has invested in have women CEOs. Three out of the nine deals have been for companies outside of Ontario. StandUp works closely with BDC’s Women in Technology Fund, with five out of its nine investments to date being co-investments with the BDC fund.
“Our value add is about being a good seed-stage investor and having a lens around investing in people that are co-led ventures and helping companies really excel around building a diverse culture as they build their business,” Michelle McBane, managing director at StandUp, told BetaKit recently. “This follow-on funding from top financial institutions demonstrates that investors are actively beginning to support women entrepreneurs and businesses,” she added.
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