Catching up with The51 Fund I Ventures: Who They Are & What They’ve Done
Have you met our Fund I portfolio companies? Let us introduce you to the incredible women founders we get to work with at The51!
These ventures are a diverse representation of women-led companies that meet our investment criteria and philosophy in the sectors we know deeply: enterprise and consumer digital platforms, fintech, healthtech, cleantech, agtech, and more.
Together—through our investing, our GP expertise, and leveraging the human capital of our community—we’re proud to be powering future-fit, diverse, innovative companies with investment capital.
Get to know the ventures funded in our Feminist Fund I and some of the exciting momentum and milestones they’ve hit since we’ve backed them.
👩 Co-Founders: Mikayla Wujec, Naomi Blackman
🤝Invested: 2022
🛒 Consumer Commerce
📍 Toronto, ON
Founded by National Geographic Explorer Mikayla Wujec and fashion marketing leader Naomi Blackman, alder apparel is a Toronto-based outdoor clothing brand focused on inclusive sizing, community-informed design, and sustainable and ethical production. Sharing their frustrations with existing options for women, the duo created alder to fuse function and fashion to contrast the performance-driven, hardcore athletic brands currently dominating the space and speak to a wide audience often neglected in the outdoor apparel market.
Highlights:
Launched a capsule collection with Roots & Danner Hiking boots; and released a swimwear line
Highlighted in Canadian Business on the importance of everyone enjoying the outdoors
Winner of 2023 SELF Activewear Awards: The Best Outerwear
Media attention and features in major publications such as Women’s Wear Daily, Fashion Magazine, Chatelaine, and more
👩 Co-Founders: Kasey Machin, Lana Cuthbertson, Jacqueline Comer
🤝Invested: 2022
📱 Platform
📍 Edmonton, AB
Co-founded by Kasey Machin, Lana Cuthbertson, and Jacqueline Comer, Areto Labs is an Edmonton-based venture that uses artificial intelligence to protect brands and people by analyzing sentiment on social media. Areto Labs’ technology gives users and brands personalized insights into key trends that allow them to moderate online abuse and deliver communication campaigns that build trust and brand love.
Highlights:
Winner of the Firehood x DMZ Women in Tech Pitch Competition
Top 5 finalist in Startup TNT
Accelerate fund highlighted how Areto's cutting-edge AI and machine learning create a safer social media experience for everyone
Worked on a demo with the Oilers, Flames and Canucks for their Pride nights
Media attention and features in major publications such as Sports Illustrated, New Trail UAlberta, BetaKit, and more
👩 Co-Founders: Katie Wilson, Nick Wilson
🤝Invested: 2021
🌱 Food & AgTech
📍 Los Angeles, CA, USA
After years of suffering from severe IBS and being disappointed by the lack of options for low FODMAP food offerings, Katie Wilson co-founded BelliWelli alongside her husband Nick Wilson. BelliWelli is a Los Angeles-based food tech company that’s creating delicious gluten-free, dairy-free, low-sugar, and certified low FODMAP soft-baked bars for the gut-challenged community (sufferers of Irritable Bowel Syndrome (IBS), Inflammatory Bowel Disease (IBD), and Leaky Gut).
Highlights:
Raised $15.4M in a Series A round led by The Invus Group
Continuing omnichannel expansion: BelliWelli can be found online and in over 700 stores, including HEB, Fresh Thyme Market, Nordstrom E-Bars, Harmons Neighborhood Grocer, Target (September 2023), and more
Experiential marketing, including a Love Shack Fancy Collaboration, billboards, and a high-flying "Hot Girls Have IBS" ad
Featured in Good Housekeeping as one of the best healthy granola bars
Media attention and features in major publications such as Well+Good, Forbes, Food Business News, and more
👩 Co-Founder: Karen Danudjaja
🤝Invested: 2022
🛒 Consumer Commerce
📍 Vancouver, BC
Having experienced digestion, sleep, and hormone imbalances from espresso and syrup-based drinks, Karen Danudjaja co-founded Blume to change the face of coffee time across North America. Vancouver-based Blume is a flavour-first functional beverage brand that bridges the gap between the wellness aisle and cafés, recreating your favourite lattes with the magic of superfoods.
Highlights:
Announced as a top three finalist for both the Emerging Brand (Blume) and Woman Entrepreneur Award (Karen) with the BC Food & Beverage Association
Highlighted in Forbes as one of 22 Asian American- And Pacific Islander-Owned Brands That Should Be On Your Radar
Found online and in over 1500 retail locations, including Safeway, Indigo, Anthropologie, Wholefoods, Erewhon, Well.ca, and Amazon.ca
Now available in over 400 doors across Canada with Loblaw Companies Limited and Real Canadian Superstore.
Media attention and features in major publications such as Elle Canada, Canadian Business, Business Insider, and more
👩 Co-Founders: Taran Ghatrora, Bunny Ghatrora
🤝Invested: 2020
🛒 Consumer Commerce
📍 Vancouver, BC
Blume is a Gen Z puberty-focused lifestyle brand offering education, safer personal care products, and at its core—community. Founded by sisters Taran and Bunny Ghatrora, Blume’s product offerings include organic pads and tampons, deodorant, face cleanser, face oil, acne treatment, face spray, moisturizer, and cramp oil.
Highlights:
Expansion into 1,400+ Ulta doors on the Conscious Beauty display (and named one of the best skincare products)
Blume has jumped 10 ranks at Sephora and sales continue to pace above average for skin care
Launched on Grove Collaborative, Nordstrom.com, and GNC
Media attention and features in major publications such as Forbes, CBC News, Popsugar, and more
👩 Co-Founders: Rachel Drew, Krystian Olszanski, Rachelle Perron
🤝Invested: 2022
📱 Platform
📍 Saskatoon, SK
Cadence is a SaaS company that simplifies and supports clients through estate planning and settlement. Headquartered in Saskatoon, Saskatchewan and co-founded by Rachel Drew, Krystian Olszanski, and Rachelle Perron, Cadence’s easy-to-use online platform and team of Certified Executor Advisors equips professionals to forge strong, meaningful relationships with their clients by facilitating end-of-life planning and guiding estate settlement.
Highlights:
Invited to the Canadian Women in Tech Program (California)
Accepted into the Selected Independent Funeral Homes preferred partner program
Accepted into the 2022 Google Cloud Accelerator Canada Cohort (the first Saskatchewan company)
Media attention and features in major publications such as CTV News, BetaKit, SREDA, and more
👩 Co-Founders: Kristina Stanley, Mathew Stanley
🤝Invested: 2022
📱 Platform
📍 Toronto, ON
Ontario-based Fictionary is an Artificial Intelligence (AI)-based editing software designed to help writers and editors simplify the story editing process and make it faster and easier by applying universal storytelling structures to every scene. Co-founded by Kristina and Mathew Stanley, Fictionary's creative editing software allows users to evaluate and revise their manuscripts to tell powerful stories readers will naturally connect with.
Highlights:
Vetted, trusted Partner Member and affiliate of Alliance for Independent Authors (ALLi)
Kristina showcased as BC “Service Leadership” and a fearless industry leader paving the way for future BC creators by Creative BC
Highlighted by Douglas Magazine as taking the writing world by storm
Media attention and features in major publications such as Creative BC, BetaKit, multiple local news outlets, and more
👩 Co-Founders: Julie MacDonell, Sarah Ruest, Dave MacDonell
🤝Invested: 2022
📱 Platform
📍 Hamilton, ON
Using Deep AI, Toronto-based Haloo provides users with instant, self-serve professional trademark searches, fail-safe trademark applications, and automated brand enforcement in one place. Co-founded by Julie MacDonell, Sarah Ruest, and Dave MacDonell, Haloo is disrupting and democratizing brand protection for businesses across North America that perform much better than the best trademark search houses and lawyers—for a fraction of the cost.
Highlights:
One of five Canadian legal tech companies shortlisted for the American Bar Association Techshow in Chicago
Announced an exclusive search partnership with AltLegal
Formed a strategic partnership with the global shopping cart SaaS leader, Shoplazza
Qualified for a contract to test AI technology with the Canadian Intellectual Property Office
Media attention and features in major publications such as Truth in Trademark series by Wild Geese Studio x Haloo, Canadian Lawyer, American Bar Association, and more
👩 Founder: Rachel Bartholomew
🤝Invested: 2021
🩺 HealthTech
📍 Waterloo, ON
Hyivy is an Ontario-based FemTech company founded by Rachel Bartholomew. Addressing the issues she experienced personally after recovering from cervical cancer, Rachel developed Hyivy to revolutionize outdated and inadequate pelvic health solutions. Hyivy has created the first intelligent and holistic pelvic rehabilitation device for women experiencing symptoms of pelvic cancers and diseases. The multi-therapy pelvic rehab system allows patients to be proactive with their recovery, receive real-time progress updates, and clinicians can evaluate the effectiveness of their treatment.
Highlights:
Highlighted as one of the mind-blowing medical device startups in Canada Venture News
Named one of ventureLAB's Companies to Watch in 2023
Featured as a standout innovator at HTLH2022
Rachel awarded Entrepreneur Under 40 at Oktoberfest Rogers Women of the Year Awards
Media attention and features in major publications such as Zambon Value Report, The Peak, multiple local news outlets, and more
👩 Co-Founders: Sumit Sahdev, Garima Sahdev
🤝Invested: 2022
📱 Platform
📍 Toronto, ON
Headquartered in Ontario, Jombone is a “LinkedIn + SAP/Oracle Human Capital Management” for businesses’ Industrial Resource Planning needs. Co-founded by Sumit Sahdev and Garima Sahdev, Jombone provides businesses with access to a live network of local candidates and digitizes all aspects of industrial staffing, such as acquisition, workforce management, scheduling, timesheets, payroll, wage processing, payments, and reporting.
Highlights:
FedDev Ontario announced an over $1 million investment
Named Most Promising Tech Company by CIOReview
Winner of Best Industrial Staffing & HCM Platform 2022 - Canada by Corporate Vision
Recognized by HR Tech Outlook as Top Recruitment Solutions Provider in Canada 2023
Media attention and features in major publications such as BetaKit, The Tech Factor, CENGN, and more
👩 Founder: Chloe Smith
🤝Invested: 2022
📱 Platform
📍 Calgary, AB
Led by Chloe Smith, Calgary-based Mercator AI is a data intelligence company for the construction industry. Mercator’s B2B platform enables companies to detect upstream project opportunities daily, uncover new market opportunities, and grow existing business faster.
Highlights:
Featured in Osler, Hoskin & Harcourt LLP’s Emerging and High Growth Clients spotlight
Chloe was one of the Glory Professional 30X30 class of 2023
Collaborated with MaRS Discovery District for the Portraits of Innovation exhibit featuring brilliant minds and entrepreneurs driving Canada's top companies
Media attention and features in major publications such as Calgary.Tech, BuiltWorlds, multiple local news outlets, and more
👩 Founder: Helena Kaylin
🤝 Invested: 2020
🛒 Consumer Commerce
📍 Los Angeles, CA, USA
Founded by Helena Kaylin, a former Calgarian and an expert in bra development, MINDD is the first bra and intimates company dedicated to designing wireless solutions specifically for D+ breasted women. The direct-to-consumer company has engineered proprietary and patent-pending MINDD™ Tech: a seven-zone support system tailored to the underserved but rapidly growing share of women who wear a D+ cup bra.
Highlights:
Launched new styles (strapless, swim, and sports bra), with their strapless bra launched on QVC
Continual growth as an external vendor on Victoria's Secret
Partnership with Katherine McPhee to launch their “Oceana Collection”
Listed on Oprah Daily as one of the best seamless plus size bra
CBS Los Angeles highlighted MINDD's work supporting Breast Cancer
Media attention and features in major publications such as Forbes, Women’s Wear Daily, The Kara Goldin Show, and more
👩 Co-Founders: Simran Kang, Alice Chen
🤝Invested: 2021
💳 FinTech
📍 Vancouver, BC
Leveraging their years of experience and knowledge building in the finance and family office space, co-founders Simran Kang and Alice Chen created MyFO as a platform to help families & individuals start and grow a family office to manage their wealth. As a SaaS tool operating in the FinTech space, the easy-to-use platform provides net worth snapshots, curated guidance, personalized workflows, and secure management and safekeeping of all important information about a family office.
Highlights:
Simran Kang and Alice Chen named inspirational women through their success stories in Maxim Magazine
Integrated OpenAI's Large Language Model (LLM)
Highlighted in Success Magazine as the secret weapon for building wealth
Media attention and features in major publications such as Maclean’s, Businessner, BC Tech Association, and more
👩 CEO: Lorraine Kageni Maina
🤝Invested: 2021
💳 FinTech
📍 San Francisco, CA, USA; ON, Canada; Kenya
Led by Kenya-based CEO Lorraine Kageni Maina Pngme is a FinTech venture based in San Francisco that builds tools to understand users' financial behaviour to make data-driven lending decisions. Geared toward emerging markets (toehold in Africa, focused on Ghana, Kenya, and Nigeria), the platform has the potential to grow globally in markets for financial institutions to create innovative products for the underserved population.
Highlights:
Co-built and commercialized products with banks such as Absa, DTB, HFC, Family Bank, Stanbic Bank, and First Ban
Obtained SOCII Certification and Data Processors License in Kenya and Nigeria
Media attention and features in major publications such as TechCrunch, Business Wire, Fintech Finance, and more
👩 Co-Founders: Brianna Blaney, Aria Hahn
🤝Invested: 2021
💳 FinTech
📍 Vancouver, BC
Vancouver-based Pocketed was co-founded by Brianna Blaney and Aria Hahn to make grant funding more accessible to every business owner. Through their powerful grant matching platform designed to do all the heavy lifting, Pocketed helps companies get informed about the more than $2.9 billion annual available grant funding in Canada.
Highlights:
Launched Pocketed Enterprise in January 2023
Named one of the financial services startups putting British Columbia on the map in Canada Venture
Winner of 2022 Odlum Brown Forum Pitch Competition (check out Brianna and Aria’s mentor series spotlight here!)
Named People’s Choice at the 2022 UBC Entrepreneur Investor Showcase
Named a 2021 Emerging Rocket by Ready to Rocket
Media attention and features in major publications such as The Globe and Mail, multiple BetaKit stories, Vancouver Tech Journal, and more
👩 Founder: Lauryn Vaughn
🤝Invested: 2021
💳 FinTech
📍 Calgary, AB / Austin, TX
ReUpp was founded by Lauryn Vaughn, an entrepreneur based in Calgary, who is also the founder of the luxury retail consignment brand, The Revente. ReUpp is a Calgary-based FinTech brand creating a resale economy at the time of first purchase by partnering with retailers to offer a guaranteed buy-back. Currently beta testing, the technology places a widget on a retailer’s website to facilitate the option to consign the garment at a resale price right at the time of purchase, as well as capture post-purchase data extending the customers' life with the company.
Highlights:
Pivoted away from resale and towards their business model's inherent conversion and retention strength
Lauryn featured in Canadian Business for changing the resale fashion game
Took home the Audience Choice award for Best Startup at the 2022 Shoptalk Conference in Las Vegas
Highlighted in Women’s Wear Daily for their take on sustainability and the resale market
Media attention and features in major publications such as Newswire, CanadianSME Small Business Magazine, Hello Partner, and more
👩 Founder: Marie Chevrier
🤝Invested: 2020
📱 Platform
📍 Toronto, ON
Founder & CEO Marie Chevrier leveraged her background in Venture Capital and passion for marketing and technology to transform how consumer product companies distribute samples and collect data. Sampler is a digital product sampling platform distributing direct-to-home samples to over 3 million consumers on the platform and post-sampling survey data in the U.S., Canada, France, and 23 countries via client demand to thousands of brands including Kraft-Heinz, Nestle, and L’Oreal. Sampler has been named one of Canada’s fastest-growing companies two years in a row.
Highlights:
Acquired Abeo to deepen footprint in the beauty industry
Announced their second acquisition in just four months: adding AI and UGC capabilities via acquisition of AdMass
Retailer partnership with Kroger continues to deliver strong results for brands and showcases conversion increases directly related to Sampler
Media attention and features in major publications such as The Globe and Mail, multiple BetaKit stories, Women’s Wear Daily, and more
👩 Founder: Bethany Deshpande
🤝Invested: 2021
🌱 Food & AgTech
📍 Halifax, NS
SomaDetect is a precision dairy technology startup on a mission to help farmers make the best possible milk. Established by Dr. Bethany Deshpande, SomaDetect uses a cutting-edge in-line sensor and software system to detect health and reproductive indicators in dairy cows to offer dairy producers a reliable source of milk-based data directly from their milking line.
Highlights:
Patented technology featured in The Daily Scanner for making dairy farming one of the most technically advanced industries worldwide
Winner of Judges’ Award at 2018 FoodBytes! NYC, scoring DFA backing
Partnered with world’s largest provider of dairy management software, Valley Agricultural Software (VAS)
Awarded Most Innovative Startup at the 2018 Kira Awards
Shortlisted for the 2019 Ernest C. Manning Innovation Awards
Media attention and features in major publications such as The Globe and Mail, multiple BetaKit stories, multiple local news outlets, and more
👩 Co-Founders: Tina Rinker, Bob Shepherd
🤝Invested: 2021
🩺 HealthTech
📍 Calgary, AB
Co-founded by Tina Rinker and Bob Shepherd, Syantra is a Calgary-based FemTech company that has developed a liquid biopsy test (i.e., a blood test) to detect the presence of breast cancer. Syantra’s liquid biopsy aims to have accurate, fast results and increase the chances of early diagnosis, especially for women with dense breast tissue where mammograms have lower accuracy levels. With the mission to make early cancer detection part of routine healthcare, Syantra is doing so with a testing experience that is quicker, more accessible, and more accurate in detecting tumours.
Highlights:
Secured partnerships for expanding in Canada including Calian, Rejuvenation, and LifeLabs
Tina won the International Achievement Award at the 2023 Calgary Awards
Received 2021 A100 One to Watch Award
Recruiting for an International Identify Breast Cancer (IDBC) in Manchester, Calgary, and Seoul
The Syantra DX | Breast Cancer test is available across Canada
Media attention and features in major publications such as Global News, Canadian Healthcare Technology, multiple local news outlets, and more
👩 Founder: Jana Rieger
🤝Invested: 2021
🩺 HealthTech
📍 Edmonton, AB
True Angle is an Edmonton-based startup founded by Dr. Jana Rieger, using personalized exercises and remote clinician monitoring for improved therapy. Their first product, the Mobili-T®, is a mobile, user-friendly health device for individuals with dysphagia to see, learn about, and adhere to their swallowing exercises.
Highlights:
Received FDA registration and clearance as a 510k medical device
Recipient of the National Angel Capital Organization (NACO)’s 2021 Edmonton Startup of the Year award
Awarded the Pivot of the Year award at the 2023 YEG Startup Community Awards
Media attention and features in major publications such as Interesting Engineering, MedCity News, CBC News, and more
👩 Founder: Bobbie Racette
🤝Invested: 2021
📱 Platform
📍 Calgary, AB
After being passed over for jobs again and again despite being more than qualified, Bobbie Racette founded Virtual Gurus to help workers from underrepresented communities find high-quality employment and match employers with skilled virtual assistants (VAs). Virtual Gurus is a talent-as-a-service platform that finds, hires, and remotely trains qualified North American VAs—especially those who may traditionally have faced barriers to employment.
Highlights:
Bobbie was named EY Entrepreneur Of the Year 2023 Prairies
Bobbie is the first Indigenous woman in the Canadian tech sector to close a Series A financing round
Featured in the TELUS Pollinator Fund for Good’s 2022 Impact Report
Media attention and features in major publications such as Forbes, Canadian Business, Women of Influence, and more
👩 Founder: Carlyn Loncaric
🤝Invested: 2020
🩺 HealthTech
📍 Vancouver, BC
VodaSafe—an alumni company of Creative Destruction Lab founded by engineer Carlyn Loncaric—has developed the AquaEye®: a patent-pending handheld sonar device that uses AI to interpret motion, light, and temperature sensors for waterfront rescue. The AquaEye® is designed to eliminate rescue challenges and stress due to speed of dispatch and poor water clarity, ultimately increasing the rescues' accuracy, speed, and lifesaving ability.
Highlights:
Awarded The Odlum Brown Forum Pitch 2023 Winner (check out Carolyn's pitch here!)
Selected as the Company of the Year − Startup winner at the 2022 Technology Impact Awards (TIA)
Successfully launched a pilot program with California State Parks—12 units in two of their highest risk beaches for the summer
California is one of the top 3 lifeguarding teams in North America, and the goal is statewide adoption
Media attention and features in major publications such as Firehouse Magazine, Trade and Invest BC, multiple local news outlets, and more
The impact of our Fund I portfolio companies has been incredible—we couldn’t be more proud to invest in these founders who are building impressive ventures.
And this is just the start.
While we continue to build positive, long-term relationships with our Fund I portfolio companies, we’re excited to see how our future funds will keep building the Financial Feminist™ Economy.
Fund II is well on its way to an equally promising and successful future, and we look forward to harnessing the power of our collective to keep up the momentum of activating capital into future-fit women-led and gender-diverse businesses.
If you’re interested in learning more about Fund II and investing in the world you want to see, don’t hesitate to get in touch with us. We’d love to connect!