The Calgary-based venture capital firm is aiming to raise $30 million for the fund. BMO has agreed to co-anchor the fund, along with 17 women investors, including AGF Management chief executive officer Judy Goldring, former Bank of Nova Scotia executive Gillian Riley and Seafair Capital CEO Anne Whelan. (The Logic)

Talking point: The51 launched in 2019 as a collective of women investors and a money manager to address the funding gap for women entrepreneurs, who receive between two and four per cent of capital. The latest fund will back pre-seed through Series A deals, in tech companies “building the future of health, wealth and work.” Those are sectors the firm identified where women are the primary consumers and the most underinvested founders. “By 2028, Canadian women will control nearly $4 trillion in financial assets,” co-CEO Shelley Kuipers said in a press release, adding that their funds and network exist to stream more of that money “toward the women building what’s next.”