Special Report

Less than half of Canada’s VCs track gender makeup of their portfolios

Illustration by Hanna Lee
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Less than half of Canada’s most active venture capital firms are tracking the number of investments they make in companies founded by women. 

A survey of the country’s 17 most active venture capital firms, conducted for The Logic by the Canadian Venture Capital and Private Equity Association (CVCA), found that eight keep track of gender-based metrics, of which seven confirmed to The Logic they track their investments in women founders. One began tracking the metric in 2012, one started tracking in 2014, three in 2017, one in 2019 and one this year. The eighth, Inovia Capital, did not disclose when it started tracking, but is the only firm whose limited partner requires it to track the gender diversity of its portfolio; the others do so voluntarily.

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