About OKGN WMAN

Camille Saltman
OKGN WMAN Co-Founder & GP

Okanagan Women’s Mentoring and Angel Network (WMAN) is levelling the playing field faced by women owned and gender diverse businesses seeking investment and working to increase the number of women angel investors and board members in Western Canada.

Women-led and gender diverse teams achieve significantly higher financial performance 1, 9 yet women receive less than 3% of start-up capital.2

Our goal is to build an empowered community of female entrepreneurs and investors.

Partners in each Okanagan WMAN fund meet regularly to learn how to invest in companies, discuss opportunities, vet deal flow, make investment decisions and help mentor investees.

In the Okanagan, 25 - 35 women each invest $5,500 for a pool of up to $150,000+/-, which is then used to co-invest in women-led and gender diverse companies the group thinks will generate the best return.

"All-women teams raised 1.9% of VC funds last year (2022), a percentage that skyrocketed to 17.2% when the team was mixed-gender. This trend has remained consistent for at least a decade."

- Pitchbook 2023

The inaugural OKGN WMAN fund kicked off on International Women’s Day 2021.

In addition to increasing the access for women to equity, other key OKGN WMAN priorities include building a healthy and diverse entrepreneurship ecosystem in Western Canada, with a particular focus on social impact ventures and femtech.

Research around the world demonstrates that after participating in an accelerator program women land 2.5 times as much bank financing - however men land 2.5 as much equity financing.5

NACO -- Mobilizing Angel Capital for Canada's Women Entrepreneurs

NACO Report

NACO’s 2022 Annual Report on Angel Investing in Canada features the launch of OKGN WMAN and reports on the status of women angel investment in Canada.  The report shows that:

  • In 2021, angel investment jumped 53% over 2020 and the amount invested was 150% higher.
  • A total of 27% of the members of Canadian Angel organization in 2021 were women, up from 24% in 2020.
  • In 2021 there was a 60% increase in participation by women angels.
  • Angel organization invested in 600 deals in 2021 - a total of $212.9M was invested.
  • The median size of investment in 2021 was $84,000 and the mean size was $346,000.
  • Business with 1-5 employees accounted for 43% of investments and with 6-10 employees for 25% of investments.
  • Information technology (31.2%), healthcare (21.1%), consumer discretionary (14.4%), industrial (7.1%) and then financials (6.7%)  were the top sectors for investment in 2021.

Download the Report

In partnership with academic institutions, investor groups and innovation organizations across Canada, NACO is developing a solution to empower Canadian women. NACO is developing a sophisticated online education and investment platform that empowers women entrepreneurs and angel investors with a customized learning experience and access to their national network of 50 incubators and accelerators, 45 angel organizations and 4,200 investors.

Rhonda

Rhonda Hymers,
CIWM, CIM, FCSI, FEA
OKGN WMAN Investor;
Portfolio Mgr./Wealth Advisor
RBC Dominion Securities

Help us level the playing field for women led businesses

karen

Karen Christiansen,
FCPA, FCA, CPA, CA

OKGN WMAN Co-founder & GP;
Partner, MNP