The Atlantic Women’s Venture Fund is now working on closing its fund with a target of $20 million, and hopes to be funding female-led ventures in the second or third quarter of 2020.
Two representatives of the nine-member council overseeing the fund told a session at the National Angel Capital Organization Atlantic Summit in Halifax on Tuesday that the new fund will aim to increase the diversity of investors in the region.
But they added they believe investors will benefit from backing female entrepreneurs because women have greater success rates in small business than men and can turn