/Investor DB

Women's Equity Lab

Angel network

Victoria · Pre-Seed–Series A · 35 people tracked

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Investment thesis

WEL exists to mobilize women's capital by turning interested women into active angel investors. Through its Learning On Investment (LOI) model, WEL combines real investing with peer collaboration, offering a low-barrier pathway where women collaboratively source deals, conduct due diligence and make final investment decisions. The firm operates investor groups across Canada, aiming to create the next generation of women angel investors and address the underrepresentation of women in angel investing and the funding gap for women-led businesses.

Source: firm website, verified Sep 27, 2026.

Stage
Pre-Seed–Series A
Check
$18K – $55K
HQ
Victoria, BC, CA
Leads rounds
Follows
Instruments
Equity
Tracked investments
70
Acquisitions
2

Team · 35 people

from the firm's website & curated
Ariel Siller· Managing Directorin

Serves as Managing Director of WEL.

Claudia Blum· Board Memberin
Elizabeth Dutton· Board Memberin
Jennifer Kaufield· Board Memberin
Karly Cook· Board Memberin
Kika Armata· Board Memberin
Lori Oliver· Board Memberin
Nagma Dhillon· National Operations Managerin

Leads national operations for WEL.

Trudy Martens· Board Memberin

Founder mafia

2 people who came through Women's Equity Lab went on to found or lead other companies.

What they invest in

from 34 of 70 portfolio companies

AI & Machine Learning ×11SaaS ×10Enterprise Software ×8Healthtech ×7Digital Health ×6Biotech ×5Consumer ×5Direct to Consumer ×5

HQs:Canada×18United States×8

Who they back

founder profiles across 20 portfolio companies
55%
solo founders
11 of 20 mapped founding teams
50%
repeat founders
of 20 founders with career history

Founding team size:solo founder×112 founders×43 founders×44+ founders×1

Where their founders studiedfrom 20 founders with education data

Simon Fraser University ×3Stanford University ×3University of California, Berkeley ×3University of Manitoba ×2

What their founders studiedfrom 17 founders with field-of-study data

Computer Science ×5Engineering ×5Business & Management ×4Life Sciences ×2Mathematics & Statistics ×2

Where their founders worked beforefrom 20 founders with career history

eFuse ×2Hard Yaka ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×5Techstars ×3

2 founders hold a PhD · 2 hold an MBA (of 21 with degree data)

Investments · 70 tracked

founders shown can be your intro path

By year:2023 · 12022 · 12021 · 22016 · 15 dated

Aptoaptopayments.comacquired by Buildout · Jan 2022

Apto Payments offers a developer-friendly card issuing platform that lets fintech companies launch physical debit, virtual, corporate, and crypto card programs.

Developer ToolsFintechSaaSSan Francisco, US

Greg Kidd(Founder)inMeg Nakamura(Founder)inCharles Jung(Executive Officer)inMaureen Higgins(Executive Officer)David Tanner McGraw(Executive Officer, Director)Traci A. Snowden(Executive Officer, Promoter)

Co-investorsBaroda VenturesFenway Summer VenturesGeneral CatalystKapor CapitalNTT DOCOMO VenturesPeak XV Partners+11 more

AquaEye Inc.aquaeye.comin

AquaEye develops portable sonar technology for water rescue operations, enabling first responders like firefighters, lifeguards, and police to locate and rescue people in aquatic emergencies.

AI & Machine LearningDeep TechDefense TechGovTechHardwareImpact & Social GoodVancouver, CA

Carlyn Loncaric(Founder and CEO)in

Co-investorsArchangel Network of FundsInBC Investment Corp.ScaleGood Fund LP (powered by TELUS)The 51 VenturesVanedge CapitalVanedge Capital Limited Partnership+1 more

Atome Bakeryatomebakery.com

Atome Bakery is a French-inspired artisan online bakery delivery company operating in Canada, offering fresh sourdough bread and baked goods for home delivery.

Direct to ConsumerE-commerceFoodTechVancouver, CA

AliceLucas

Co-investorsStartup TNT

Blind Insightblindinsight.comin

Blind Insight develops a privacy-preserving data platform using searchable encryption and access controls for organizations that require both data security and insights.

AI & Machine LearningCloud ComputingCybersecurityData & InfrastructureDeveloper ToolsEnterprise SoftwareVenice, US

Jackie Peters(Founder & CEO)inJathan McCollum(Co-Founder)inNick Sullivan(Co-Founder)in

Co-investorsAltari VenturesResponsibly VenturesTechstars

Blume Benefitsblumebenefits.cominDefunct

Blume Benefits provides administrative automation software for health insurance brokers, automating tasks such as quoting, commissions reconciliation, and presentation creation.

AI & Machine LearningEnterprise SoftwareFintechInsurTechSaaSSan Francisco, US

Aditya Joshi(Founder)inEthan Hou(Founder)inVarun Verma(Founder)in

Co-investorsNB VenturesY Combinator

Care2Talk Technologies Ltd.care2talk.ioin𝕏

Care2Talk provides simplified digital communication and healthcare services designed for seniors and families seeking accessible healthcare access through an easy-to-use tablet interface.

Digital HealthHealthtechWellness & Fitness

Jordan Schley(Founder)in

Co-investorsSproutxWUTIF Capital

Crush Dynamics Inccrushdynamics.cominApr 2022

Crush Dynamics develops AI technology for the food and fermentation sectors, aimed at reducing energy use and improving ingredient production.

AI & Machine LearningCleantechFoodTechSummerland, CA

Bill Broddy m-edp(Founder)inAlexandra Broddy(Founder)inBill Broddy(Founder & President)inKirk Moir(CEO)in

Co-investorsForesightStartup TNTWUTIF CapitalLumia Capital

Cubohcuboh.comin𝕏Acquired

Cuboh provides software for restaurants to manage operations including tablet consolidation, centralized reporting, and menu management in the digital era.

B2B MarketplacesEnterprise SoftwareFoodTechSaaSVictoria, CA

Juan Orrego(CEO)in

Co-investorsY CombinatorAltaclub VCAltaIR CapitalGood News VenturesSandhill (ex Stonks)

Fictionaryfictionary.coin𝕏

Fictionary offers a SaaS platform with AI-powered tools that helps fiction writers and editors revise manuscripts using a structured, scene-by-scene analysis of story elements.

AI & Machine LearningCreator EconomyEdTechSaaS

Co-investorsStand Up VenturesThe 51 VenturesStandUp Ventures

Grounded Aigroundedai.comin

GroundedAI offers a hardware-agnostic software platform for underground mining and tunnelling teams, with Lithos for offline field data capture on iPad and Strata for desktop data management, mapping, and reporting.

AI & Machine LearningConstruction TechData & InfrastructureEnterprise SoftwareSaaS

Co-investorsSOSVStand Up VenturesThe 51 Ventures

Hello Pocketedhellopocketed.ioin𝕏

Pocketed is a funding discovery platform that matches businesses and startups with grant and funding programs using intelligent matching technology.

FintechSaaS

Co-investorsThe 51 Ventures

Hyivyhyivy.comin𝕏

Hyivy Health develops a holistic pelvic health device that treats, monitors, tracks, and helps prevent pelvic floor symptoms, along with connecting patients to clinicians and pelvic floor therapists.

Digital HealthFemTechHealthtechMedical Devices

Rachel Bartholomew(CEO & Founder)inKamyar Rounidej(Former Co-founder & first Chief Technical Officer)

Co-investorsAltitude AngelsBeresford VenturesFACIT (Fight Against Cancer Innovation Trust)The 51 VenturesEquation AngelsThreshold Impact+1 more

Inchfabinchfab.comin

InchFab offers a modular, integrated semiconductor fabrication platform that combines hardware, processes, and tools into one system, letting users start small and scale up for prototyping and production.

Deep TechHardwareSemiconductors

Mitchell Hsing(Founder)inParker Gould(Founder)in

Co-investorsAlumni VenturesDraper AssociatesFoothill VenturesSafar Partners

Jonigetjoni.com

joni makes period care products, including leakproof period underwear using merino wool and an absorbent core, sold direct-to-consumer and through retailers across North America.

ConsumerDirect to ConsumerFemTech

Lethublethub.coin𝕏

LetHub provides AI-powered leasing automation for property management companies, handling lead capture, prospect follow-up, and tour scheduling from initial inquiry to signed lease.

AI & Machine LearningPropTechSaaS

Co-investorsSproutxWUTIF Capital

Lucent Biolucentbiosciences.comin𝕏

Lucent Bio develops sustainable crop nutrition products, including its flagship Soileos micronutrient fertilizer made by upcycling pea, lentil, and oat hulls from food processing.

AgTechBiotechCircular EconomyClimate TechNew MaterialsWest Vancouver, CA

Jose Godoy Toku(Co-founder and Vice President; Director of Business Development LATAM; Board Director)inMichael Riedijk(President & CEO; Board Chair; Co-founder)in

Co-investorsAngel ForumEmmertechSaxoventWUTIF CapitalAmathaon CapitalSVG Ventures

Lux Biolux-bio.comin𝕏Mar 2023 · $1.5M

Lux Bio develops non-electric, non-toxic lighting products powered by proprietary bioluminescent enzymes, including a water-activated light stick (Lux Light) and a battery-free room-illuminating system (Lux Conduit).

BiotechDeep TechNew Materials

Co-investorsTAWANI VenturesAgFunderBrickyardClimate Capital

Meromero.coin𝕏Apr 2021

Mero provides software for the commercial property management industry to record and track cleaning and facility data in real time, replacing manual logs and spreadsheets.

IoTPropTechSaaSToronto, CA

JAMES-ANDREW COLE MACDONALD(DIRECTOR, CO-FOUNDER AND PRESIDENT)Cole MacDonald(Co-founder)inNathan Mah(Co-founder)in

Co-investors500 GlobalFresco Capital

MIMOSA Diagnosticsmimosadiagnostics.comin

MIMOSA Diagnostics develops medical devices and technology to improve healthcare equity through diagnostic solutions.

BiotechDeep TechDigital HealthHardwareHealthtechMedical DevicesToronto, CA

Dr. Cross(Founder/Leader)Dr. Leung(Founder/Leader)Dr. Karen Cross(Co-founder)Dr. General Leung(Co-founder)

Co-investorsFundersClubKern Venture GroupMaple Leaf AngelsSpring Impact CapitalTidal Venture Partners

Moku Foodsmokufoods.cominJul 2021

Moku makes plant-based snacks from freshly harvested mushrooms, including vacuum-cooked crispy mushroom chips and savory mushroom jerky.

AgTechConsumerDirect to ConsumerFoodTechLos Angeles, US

Matt Feldman(Cofounder)in

Co-investorsBarrel VenturesLDR VenturesSiddhi CapitalMana Ventures

Nucliq Biologicsnucliqbio.ca

Nucliq Biologics analyzes the gut microbiome using AI, machine learning, and multi-omics science (metagenomics, transcriptomics, metabolomics) to identify microbial signatures and develop precision therapeutics.

AI & Machine LearningBiotechDigital Health

Oasis Learningoasislearning.aiin

Oasis Learning AI provides an AI-powered training platform for sales, HR, and operations teams to rapidly upskill employees and keep organizational knowledge synchronized.

AI & Machine LearningEdTechEnterprise SoftwareHR TechSaaSMontréal, CA

Michael Thu(Founder)in

Co-investorsBKR CapitalTechstars

Paidia Gamingpaidiagaming.com

Paidia is a gaming company that builds tools, runs tournaments, and creates collaborations to make competitive gaming more welcoming, with a focus on women and allies.

GamingMedia & EntertainmentSocialVancouver, CA

Jill Kenney(Founder)

QuickFactsquickfactsinc.comin

QuickFacts is a software platform that centralizes insurance carrier information and manuals for brokers, enabling faster underwriting comparisons and carrier research than traditional methods.

Enterprise SoftwareFintechInsurTechSaaS

Co-investorsEast Valley VenturesInsurTechKillick CapitalSandpiper Ventures

Rejoulerejouleenergy.comin𝕏

ReJoule is a company focused on clean energy innovation, moving quickly to advance solutions for the greater good.

Circular EconomyCleantechEnergy

Co-investorsBerkeley Angel NetworkLG Technology VenturesOPAMP CAPITAL

Rocket Doctorrocketdoctor.ca

Rocket Doctor is a virtual health platform that connects patients in Canada with licensed physicians and specialists for online appointments covering primary/urgent care, specialist care, substance use treatment, and psychotherapy.

Digital HealthHealthtech

William Cherniak(CEO & Founder)in

Save Da Sea Foods Inc.savedasea.comin

Saved a Sea makes plant-based seafood alternatives from vegetables and plant ingredients.

ConsumerFoodTech

Aki Kaltenbach(Founder)in

Co-investorsAudaxa VenturesWUTIF Capital

Sonarosonaro-ai.comin

Sonaro develops AI-powered diagnostic software for cardiovascular disease detection, specifically targeting carotid atherosclerosis screening through medical imaging.

AI & Machine LearningDigital HealthHealthtechMedical DevicesMontreal, CA

Dr. Kashif Khan(CSO)

Co-investorsFront Row Ventures

STAND+weargales.comin𝕏

Gales designs and manufactures antimicrobial protective footwear for healthcare professionals, featuring patented seamless technology, medical-grade insoles, and machine-washable materials.

Advanced ManufacturingConsumerE-commerceHardwareHealthtechWellness & FitnessNew York City, US

Rob Gregg(Founder)in

Co-investorsHannah Grey VenturesLongley CapitalTechstars

Taivtaiv.tvin

Taiv operates a smart TV platform for bars, restaurants, gyms, and retail venues across North America that delivers targeted ads and custom content on in-venue screens using AI.

AdTechAI & Machine LearningEnterprise SoftwareMarketing TechMarketplacesMedia & EntertainmentWinnipeg, CA

Jordan Davis(Founder)inNoah Palansky(Founder)inAvi Stoller(Founder)inMitch Conway(CCO)in

Co-investorsCathexis VenturesFJ LabsGolden Opportunities FundMu VenturesPioneerY Combinator+7 more

Thrive Network Inc.retreatsandvenues.comJan 2016

Platform and advisory service for sourcing and booking corporate retreat and offsite venues from a network of 50,000+ properties.

San Francisco, US

Cory Sivell(Founder)inNicholas Letourneau(Executive Officer, Director)Alejandro Foung(Executive Officer, Director)

BoardTim Chang(Director)Mark Stabingas(Director)

Co-investorsWUTIF CapitalLOI Venture

Toothpodtoothpod.co

Toothpod manufactures a functional chewing gum designed to support oral microbiome health for consumers who lack access to traditional oral hygiene tools.

ConsumerDirect to ConsumerHealthtechWellness & FitnessCanada, CA

Co-investorsUniversity of Toronto Entrepreneurship HatcheryLOI Venture

Trusstrusspayments.comin𝕏

Truss Payments provides payment processing and financial services for builders and construction firms, including ACH and card payment acceptance, subcontractor payouts, corporate card issuance, and expense management.

Construction TechEnterprise SoftwareFintechSan Francisco, US

matthew smith(Founder)in

Co-investorsBonfire VenturesFIGR VenturesSproutxY CombinatorCrosslink CapitalDST Global+9 more

Urestauresta.com

Uresta makes an over-the-counter, reusable vaginal insert that supports the pelvic floor to prevent stress-related bladder leaks in women, without a prescription.

Direct to ConsumerFemTechMedical Devices

VoxCell BioInnovationvoxcellbio.comin𝕏

Tissue engineering company building 3D-bioprinted, vascularized human-like cancer tissue models and bioinks for drug development.

BiotechVictoria

Mark Miller(Director)Qi Fang(Director)Robert Levak(Director)Nina Vellani(Director)Karolina Papera Valente(Executive Officer, Director)Thomas Neumann(Director)

Co-investorsAngel ForumVentioneers CapitalWUTIF Capital

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Adaptive PulseAurea TechnologiesAxtion Independence MobilityBird and BeBrew NinjaChiwisConquer ExperienceEcosystem Informatics Inc. (ESI)EireneGalesGinger DeskGruviGummy GainzHollo MedicalHumbleIllusenseInsporos TechnologiesIris + ArloLux Bio (formerly Nyoka Design)Myomar Molecular Inc.OntolyOpen OceansPar OlivePhycoPocketedPossibilities NeurotechSake BombSalonMonsterScotiaDermSensenetSynergia Biotech Inc.Three ShipsVerlo (Retellio)VINNVitaminLab

Exits · 2

2 acquisitions · showing 1

Aptoacq. by Buildout

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Women's Equity Lab made?
Women's Equity Lab has 70 tracked investments, 2 of which have exited.
What stage does Women's Equity Lab invest at?
Women's Equity Lab invests at the Pre-Seed, Seed, Series A stages.
What is Women's Equity Lab's typical check size?
Women's Equity Lab typically writes checks of $18K – $55K.
What sectors does Women's Equity Lab focus on?
Women's Equity Lab focuses on Advanced Manufacturing, AgTech, AI & Machine Learning, Biotech, Cleantech, Consumer, EdTech, Energy, Fintech, FoodTech, Gaming, Healthtech, Impact & Social Good, PropTech, SaaS, Sector Agnostic.
Where is Women's Equity Lab located?
Women's Equity Lab is headquartered in Victoria, CA.
Does Women's Equity Lab lead rounds?
Women's Equity Lab typically participates in rounds rather than leading them.
Who does Women's Equity Lab co-invest with?
Women's Equity Lab most often shares deals with WUTIF Capital, The 51 Ventures, Y Combinator, among 70 tracked co-investors.

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