StandUp Ventures, a Canadian women-focused, early-stage venture capital firm, has exceeded the C$30 million initial target set for its second fund. StandUp Ventures Fund II, which is now aiming to raise C$35 million, secured commitments from returning limited partners, the Toronto-based firm said in a blog post. The LPs included BDC Capital, CIBC, Export Development Canada, Northleaf Venture Catalyst Fund II, RBC, Teralys Capital and Vancity. StandUp’s inaugural fund closed last year at C$25 million.
Read StandUp Ventures’ blog post here.