The Business Bank of Canada, or BDC, has established its Thrive Venture Fund and Lab for Women to act as a catalyst for disruptive companies led by females.
The $500 million fund will make direct investments in women-led technology ventures at the seed and Series A or B stages, the federally owned bank said in a statement, adding that the new fund follows BDC’s Women in Technology Venture Fund.
“We want trailblazing women-led companies to succeed and become tomorrow’s global leaders,” the bank said.
“Through our new $500 million investment platform, the largest of its kind in the world, we bring value and are ensuring women entrepreneurs have access to everything they need to thrive and have a lasting impact on the economy.”
The fund is aimed at:
- Seed and Series A or B women-led Canadian technology companies seeking equity investments;
- Businesses with strong growth and scalable market potential;
- And businesses across a wide range of sectors.