Sandpiper Ventures, Atlantic Canada's female-focused venture capital firm, has closed its flagship SVF fund, having raised over $20 million.
The SVF fund is the second-largest female-focused VC fund in Canada, Sandpiper said in a statement, after Toronto’s Stand Up Ventures, which previously raised $35 million.
Sandpiper invests mostly in seed-stage companies, and has backed such East Coast startups as ProcedureFlow, the Saint John maker of knowledge-sharing software for enterprise clients that raised nearly $12 million last month, and Pasadena, NL’s Swiftsure Innovations, a medtech