We're putting our women-powered capital to work to close the funding gap faced by women founders and CEOs in Canada.
OKGN WMAN Angel Funds is a suite of angel investment funds where 59 accredited women investors have pooled their capital to support Canadian, women-led social impact businesses.
Women founders and CEOs in Canada receive only 4% of venture capital. Globally this drops to 2.3% and only 1% in the United States. Yet multiple large studies show women-led companies are a better investment.
Companies with at least one female founder have performed 63% better than all-male founding teams, according to a First Round Capital study of their first 10 years of investments.
Boston Consulting Group (BCG) research found that female-founded startups generated 78 cents in revenue for every dollar invested, compared to 31 cents for male-founded startups.
PitchBook data indicates that female-founded companies tend to exit faster and at a higher return than their male-founded counterparts.
Our goal is to turn the tide and build an empowered community of female entrepreneurs and investors.
Our Process
In each fund, up to 40 women each invest $5,500 into a pool of funds. This is then used to co-invest in women-led and gender diverse companies the group thinks will generate the best return.
When a fund is investing, the investors in that fund meet regularly to learn how to invest in companies, vet deal flow, and make investment decisions.
We place a priority on ventures that tackle one or more of the following UN Sustainable Development Goals:
Jackie Gidda
OKGN WMAN Investor;
Co-Founder, Leda Chartered
Professional Accountants Inc.
Help us level the playing field for women led businesses
Karen Christiansen,
FCPA, FCA, CPA, CA
OKGN WMAN Investor;
Retired Partner, MNP