Pair of Montreal startups land investment from BDC’s Women in Technology fund


Two startups in Montreal are among four total recipients of investment from the BDC’s new $200 million Women in Technology fund.

The two recipients were Lufa Farms, cofounded by Lauren Rathmell, and Unsplash, cofounded by Stephanie Liverani.

The fund is designed to invest in “traditionally under-represented and under-funded women-led technology companies, and deliver returns for the economy by fostering a robust network of women leaders in the tech sector.”

The founder and CEO of Lufa Farms is Mohamed Hage, while Mikael Cho is CEO and founder of Unsplash. Liverani and Cho are pictured above.

“The goal of BDC Capital’s WIT venture fund is simple: Invest in great entrepreneurs and teams where women lead,” said BDC Capital’s Michelle Scarborough. “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. Diversity in leadership is proven to create more value for investors, more value for consumers and support economic growth.”

In a release, the BDC said its new fund is “dedicated to developing and promoting a self-sustaining and thriving ecosystem for women that provides mentorship, advice, networking and other tools needed for success.”

“One of those tools includes the Women in Technology Boot Camp that connects pre-seed and seed stage technology companies with peers, investors and other experts in a half-day workshop to learn the necessities of building and scaling a tech start-up. The first Boot Camp happens today in Montreal in association with Startupfest.”

The other two recipients of the fund’s investment hail from Toronto and Vancouver.

  • tealbook, (Toronto, ON) and CEO Stephany Lapierre. tealbook is an AI-powered supplier knowledge management and discovery platform that allows organizations to turn their static supplier databases into dynamic and intelligent communities. This helps organizations make faster and better supplier decisions that lead to real business benefits. 
  • AvenueHQ (Vancouver, BC) and co-founder and COO: Rebecca Troelstra. Avenue empowers real estate professionals across North America to establish and grow meaningful relationships, by combining technology and an advanced marketing team.

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