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Backbone Angels

Backbone Angels is a collective of women angel investors based in Toronto, Canada, focused on funding and empowering women and non-binary founders, particularly those from BIPOC communities.

Founded
2021
Recorded stages
Friends Family, Angel, Pre Seed, Seed, Seed Plus, Series A
Recorded regions
United States, Canada

Online destinations

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Official links

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Overview

Backbone Angels is a collective of women angel investors, primarily consisting of former and current Shopify executives. Founded on March 8, 2021, in Toronto, Ontario, Canada, the group is dedicated to funding and empowering women and non-binary founders, with a focus on Black, Indigenous, and Women of Color (BIPOC)-led companies. Each member invests their own capital, typically ranging from $10,000 to $50,000 per deal, and they often co-invest with peers. This collaborative approach allows founders to access not only capital but also a supportive network of experienced investors.

Focus

Backbone Angels invests in early-stage companies led by women and non-binary individuals, emphasizing support for diverse founders. The collective seeks to empower businesses that are often overlooked and aims to close the funding gap for underrepresented entrepreneurs.

Support

Backbone Angels provides not only capital but also access to a network of expertise from its collective of angel investors. This support is particularly valuable for founders navigating the challenges of building their businesses in a competitive landscape.

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