Venture financing for female-led tech firms gets big boost
Terry Pender, The Record
A venture capital fund that is being touted as the largest in North America focused on technology companies led by women was announced Wednesday at the Tannery in downtown Kitchener.
The Business Development Bank of Canada added $20 million to a $50-million fund that was created a year ago by the federal government.
"This is our coming out party," Michelle Scarborough, managing director of strategic investments at the Business Development Bank, said in an interview.
"We are the largest venture fund in North America dedicated specifically to investing in women-led technology companies across all sectors, from seed to growth," she said.