June 8, 2020
The Atlantic Women’s Venture Fund has recently announced the launch of Sandpiper Ventures (“Sandpiper”) which will provide capital, mentorship, and growth opportunities to tech-enabled companies with at least one woman in a C-level position. Sandpiper is led by a team of ten highly successful, skilled and globally networked women with profound expertise across several industries and services.
The fund is committed to investing in women-led tech companies as a “proactive and profitable business decision” with the overarching goal of closing the inequality gap in the Canadian Venture Capital (“VC”) environment. Sandpiper’s focus on investing in women-led companies is a well-supported profitable business decision given that female founders have been shown to deliver more revenue per dollar invested, 63% more value creation and a 35% higher return on investment than all male teams. By capitalizing on this underserved and value-generating opportunity in Canada’s VC ecosystem, Sandpiper will aim to achieve its goal of radically disrupting the VC landscape, delivering social change, and ensuring fair representation of women’s innovation.
The fund adopted the sandpiper as its namesake for its well-known traits of taking the lead, establishing and defending its territory, and its ability to take flight. Sandpiper aims to sustain a space where driven and visionary woman entrepreneurs come together and have the opportunity to soar.
Author: Andre Damata