CDPQ launches $250 million diversity-focused fund
Caisse de dépôt et placement du Québec (CDPQ) has launched a new $250 million fund aimed at increasing diversity and inclusion in small to medium-sized businesses in Québec and Canada. Equity 25³ offers investments from $5 million to $30 million and targets profitable SMEs and promising technology companies based in Québec or elsewhere in Canada. CDPQ will also provide the companies receiving funding with guidance to implement and execute a tailored diversity and inclusion plan. Tech companies will need to show strong growth in sales, solid recurring revenue, and a competitive offering. More recently, the Atlantic Women’s Venture Fund launched an inaugural fund focused on addressing the gender imbalance in Canada’s venture capital ecosystem.