Capital Femmes 2025: Indicator of Women's Representation in Quebec Investment Funds (Réseau Capital / CVCA)

Summary

• 287 companies founded or led by women received funding between 2016 and 2024.p.1
• Of the 47 management firms surveyed, 68% agreed to participate in the data collection.p.1
• 24% of venture capital-financed companies since 2016 have at least one woman founder.p.1
• 76% of venture capital firms and 56% of growth capital firms have at least one woman partner.p.2
• The proportion of investments in a company with at least one woman co-founder or leader rose from 39% in 2016 to 61% in 2024.p.3

Key insights

1. Capital femmes is the first gender indicator in Quebec, covering women's representation in investment funds and in the companies they finance.p.1
2. 76% of venture capital management firms and 56% of growth capital management firms have at least one woman partner.p.2
3. Reseau Capital, founded in 1989, represents more than 100 corporate members across the Quebec investment chain.p.4