Disruption has received commitments for $13 million of its $30 million fund target, in funding led by Scotiabank, according to The Globe and Mail. The investment includes a $2 million commitment from CI Financial Corp. The money will go towards Disruption’s mission of investing in early growth financing rounds for startups founded or managed by women.
With this new investment from Scotiabank and CI Financial Corp, along with last year’s $2.5 million investments, Disruption is almost halfway towards its $30 million fund target.