Women’s Equity Lab Brings More Women into the Investment Space
Fewer than 20 per cent of Canadian angel investors are women. Women’s Equity Lab has set out to shift that statistic, helping women learn the ins and outs of investing and to make money while they’re at it.
Women’s Equity Lab (WEL) is a Victoria-born innovation that gathers local women to pool their money to invest in early-stage startups. Members — 23 in the first round, 20 in the current round — meet regularly to learn how to invest in companies, discuss opportunities, vet deal flow and make investment decisions. In the most recent round, each participant invested a minimum of $6,000 for a pool of $100,000, which was then used to co-invest in companies the group thinks will generate the best return.