Of the 132 venture capital partners who responded to the Canadian Venture Capital and Private Equity (CVCA) survey, 11 per cent were women and 18 per cent were visible minorities. In private equity, 12 per cent of 145 partners were women and just six per cent were visible minorities. (The Logic)
Talking point: The findings highlight the mismatch between entrepreneurs in Canada and the people who fund them: 51 per cent of entrepreneurs are women and 29 per cent are visible minorities, according to the 2018 Canadian Entrepreneurship Census, published on Wednesday. That report also cited access to funding as the biggest challenge for 75 per cent of entrepreneurs. Other reports shows the challenge is particularly acute for women founders. In March, The Logic reviewed five years of publicly available funding data in Canada and found that less than 12 per cent of investments went to companies with a woman founder. That figure happens to be proportionate to women’s representation as partners at VC and PE firms.