Women’s Equity Lab Manitoba closes Fund 3 at $300,000

Women’s Equity Lab (WEL) Manitoba has closed its third fund, and at $300,000 CAD it marks the first time the Manitoba chapter of the venture capital collective has reached full subscription. “We’re having to turn people away that have expressed interest now that we’ve reached our full subscription.” WEL Manitoba announced the closure of the fund on May 1, stating that Fund 3 had raised the $300,000 from 60 limited partners, each of which contributed $5,000 in capital.