Lyteflo Closes $3 Million Seed Round to Revolutionize Electric Vehicle Sales
Lyteflo, a new electric vehicle (EV) merchandising solution, today announced $3 million in Seed funding.
Ottawa Announces Second Tranche of VCCI Funding to Support Underrepresented Entrepreneurs
An additional five VCs from Vancouver, Toronto, and Montréal will receive portions of the $25 million commitment.
The Canadian government announced the second tranche of $25 million in VCCI funding to support underrepresented entrepreneurs, including women, Indigenous, Black, and 2SLGBTQI+ communities. This funding will benefit five venture capital firms, including Amplify Capital. Amplify Capital's managing partner, Kathryn Wortsman, highlighted that our focus remains on achieving strong financial returns alongside measurable impact.
Redefining Returns: The Evolution of Venture Capital Into Impact Investing
Venture capitalists have traditionally focused on high returns and calculated risks. However, in today’s evolving market landscape, there’s a significant shift towards a more purpose-driven approach. Relying solely on financial gains is no longer sufficient. The demand from consumers, governments, and communities for investments that also yield environmental and social returns is growing. This is particularly crucial given the current state of our planet and the challenges faced by health and education systems. Impact investing emerges as a paradigm shift, redefining the fundamental principles of investment for double bottom-line returns.
Femtech Canada Officially Launches Network to Support Women’s Health Innovation
Kathryn Wortsman, managing partner at Amplify Capital, told BetaKit that she and Ella Seitz, a partner at Esplanade Ventures, also saw a gap in awareness of healthcare technology focused on women’s health when collaborating on deals in early 2023.
“As women ourselves, and in our respective positions as investment decision makers at our funds, we wanted to help amplify the startups in the space and lead the conversation on the financial and health impact opportunity that can come from investing in this segment,” Wortsman said.
Good investment: The ambitious fund that shows how social impact can pay dividends
Joining Amplify Capital was a life-changing decision for me, and I'm often asked why I made the move. The answer is simple: purpose and passion.
Amplify's mission to make a positive impact on climate, education, and healthcare struck a deep chord within me. I believe that business can be a powerful force for good, and I am thrilled to collaborate with mission-driven founders to create meaningful change in the world.
Welcome Louis Delorme to the Amplify Capital team!
Joining Amplify Capital was a life-changing decision for me, and I'm often asked why I made the move. The answer is simple: purpose and passion.
Amplify's mission to make a positive impact on climate, education, and healthcare struck a deep chord within me. I believe that business can be a powerful force for good, and I am thrilled to collaborate with mission-driven founders to create meaningful change in the world.