BDC Capital’s Women in Technology fund completes four deals

The $200m vehicle has invested undisclosed sums in firms founded and run by female entrepreneurs.

The $200m Women in Technology (WIT) fund set up by Business Development Bank of Canada’s venture capital arm BDC Capital has this week announced backing for four companies.

The investees are AvenueHQ, a real-estate platform based in Vancouver, Lufa Farms, an online agricultural platform, supplier-database firm Tealbrook, and Unsplash, a royalty-free photography service.

Michelle Scarborough, the fund’s managing director, said: “The goal of BDC Capital's WIT venture fund is simple: Invest in great entrepreneurs and teams where women lead, that build globally competitive businesses that deliver returns.

“By investing in strong teams and companies where women lead, we are leading the way in VC by opening up the path for women leaders to gain confidence in securing venture capital to accelerate the growth of their business, drive competitiveness, and ultimately create large companies that spur a new culture of diversity and inclusion that sits at the foundation for any good business culture.”

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