Rementilla is working with a network of regional leads to introduce Billion Dollar Fund to Canada’s venture industry.
Billion Dollar Fund for Women, a global initiative that aims to increase investment in women-founded companies, has arrived in Canada to recruit local venture firms.
The launch was announced today by Lally Rementilla, the fund’s Canada lead and president of Quantius, a Toronto intellectual-property lender and one of the fund’s early supporters.
Rementilla told PE Hub Canada that the fund is looking to spread awareness in Canada about the gender financing gap.
It also offers a plan of action involving pledges by VC firms to invest a portion of their capital in tech startups created by female entrepreneurs.
Established in 2018 at the annual meetings of the IMF/World Bank, Billion Dollar Fund asks for pledges from VC firms, typically ranging $1 million to $100 million, with the goal of reaching US$1 billion in all.
www.pehub.com
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