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Opinion: The Black women founders reshaping Canada’s venture future
BetaKit· 2025-12-29 17:32
Core Insights - The article highlights the progress made for Black women founders in Canada over the past five years, indicating a shift in the venture capital landscape, although challenges remain [4][10]. Investment Landscape - Globally, the number of venture capital deals involving female-founded or co-founded companies increased by nearly 60% from 2014 to 2023, yet female-founded startups captured only about 2% of global venture dollars as of 2023 [5]. - In Canada, women-led startups accounted for just 4% of total VC investment in 2021, which tripled to 12% by the first half of 2024, reflecting significant but fragile progress [6]. Institutional Response - The Business Development Bank of Canada (BDC) has initiated several programs to address historical investment gaps, including a $35 million commitment to co-invest alongside women-led businesses and a $50 million initiative to help women acquire or lead established companies [8]. Black Entrepreneurship - In 2023, only 1.3% of Black adults in Canada were entrepreneurs, with Black women at an even lower rate of 0.7%. However, projections suggest that Black entrepreneurs could represent 3.2% of Canada's entrepreneurial base by 2034 [9]. Founders' Impact - Six Black women founders have raised over $1 million each through venture capital and non-dilutive funding, demonstrating a shift in the market and the potential for scalable business models [14]. - Companies founded by these women span various sectors, including technology, healthcare, and sustainability, showcasing their ambition and governance [14][25]. Call to Action - The article emphasizes the need for structural changes to ensure the success of Black women founders becomes the norm rather than the exception, advocating for increased diverse investors and government-backed data collection [28]. - It argues that supporting Black women founders is not just a moral imperative but an economic necessity, as they are addressing critical global challenges [29][30].
CleanGo Innovations Inc. Subsidiary Kubera Black Technology to Acquire European Pharmaceutical Leader Freia Farmaceutici Srl, Targeting the Global Health Market
Thenewswire· 2025-12-17 08:00
Core Insights - CleanGo Innovations Inc. is set to acquire Freia Farmaceutici Srl, a strategic move aimed at expanding its presence in the global health sector [1][2][10] Company Overview - CleanGo Innovations Inc. is a publicly traded Canadian company focused on developing non-toxic and biodegradable cleaning solutions for various industrial markets [9] - Freia Farmaceutici Srl, established in 2009 and based in Milan, Italy, specializes in plant-based therapeutics and is recognized for its expertise in Vegetable Omegas [2][3] Freia's Product and Market Position - Freia develops non-drug therapeutic solutions from plant-derived actives, aligning with consumer trends towards well-being and disease prevention [3] - Key products include the ALFALIFE brand, known for its anti-inflammatory properties, and the Dermolife line of CE Marked Medical Devices for dermatological conditions [5] - Freia's revenue in 2024 exceeded €3.1 million, with plans for expansion into other European markets and access to Canadian and US markets post-acquisition [5][7] Transaction Details - The acquisition involves Freia shareholders exchanging their securities for up to 25 million common shares in Kubera [7] - The completion of the transaction is contingent upon due diligence, negotiation of a definitive agreement, and necessary approvals [7][12] Strategic Vision - The acquisition is expected to enhance CleanGo's market position by integrating Freia's innovative plant-based therapeutic solutions, particularly in the nutraceutical and aesthetic medicine sectors [10]
YY Group Holding Limited(YYGH) - Prospectus(update)
2024-03-25 17:35
As filed with the Securities and Exchange Commission on March 25, 2024. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 5 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 YY Group Holding Limited (Exact name of Registrant as specified in its memorandum and articles of association) Not Applicable (Translation of Registrants name into English) 60 Paya Lebar Road #05-43 Paya Lebar Square Singapore 409051 +65 66046896 (Address, including zip code, and tel ...
YY Group Holding Limited(YYGH) - Prospectus(update)
2024-03-20 17:49
As filed with the Securities and Exchange Commission on March 20, 2024. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 4 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 YY Group Holding Limited (Exact name of Registrant as specified in its memorandum and articles of association) Not Applicable (Translation of Registrants name into English) British Virgin Islands 7363 Not Applicable (State or Other Jurisdiction of Incorporation or Organization) (Prim ...
YY Group Holding Limited(YYGH) - Prospectus(update)
2024-02-13 19:18
As filed with the Securities and Exchange Commission on February 13, 2024. Registration No. 333-275486 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 3 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 YY Group Holding Limited (Exact name of Registrant as specified in its memorandum and articles of association) Not Applicable (Translation of Registrants name into English) British Virgin Islands 7363 Not Applicable (Address, including zip code, and tel ...
YY Group Holding Limited(YYGH) - Prospectus(update)
2024-01-08 22:22
As filed with the Securities and Exchange Commission on January 8, 2024. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 2 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 YY Group Holding Limited (Exact name of Registrant as specified in its memorandum and articles of association) Not Applicable (Translation of Registrants name into English) British Virgin Islands 7363 Not Applicable (State or Other Jurisdiction of Incorporation or Organization) (Pri ...
YY Group Holding Limited(YYGH) - Prospectus(update)
2023-12-08 18:50
As filed with the Securities and Exchange Commission on December 8, 2023. Registration No. 333-275486 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 1 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 YY Group Holding Limited (Exact name of Registrant as specified in its memorandum and articles of association) Not Applicable (Translation of Registrants name into English) (Primary Standard Industrial Classification Code Number) British Virgin Islands 7 ...
YY Group Holding Limited(YYGH) - Prospectus
2023-11-13 17:32
As filed with the Securities and Exchange Commission on November 13, 2023. Registration No. 333-[●] UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 YY Group Holding Limited (Exact name of Registrant as specified in its memorandum and articles of association) Not Applicable (Translation of Registrants name into English) (Primary Standard Industrial British Virgin Islands 7363 Not Applicable (I.R.S. Employer Identificatio ...