The 51 Ventures
The 51 Ventures is a Calgary-based venture capital firm focused on growth capital investments in startups, particularly in Canada. The firm is dedicated to promoting financial empowerment among women by creating a platform that fosters mutual wealth and social and environmental impact. By harnessing the untapped wealth of female investors, The 51 Ventures aims to establish Canada as a hub for female-led capital. With a significant portion of Alberta's tech startups being founded or co-founded by women, the firm seeks to address the disparity in venture capital funding, as female-founded startups currently receive only a small fraction of the total available capital globally. Through its initiatives, The 51 Ventures aspires to create a critical mass of female investors and drive meaningful change in the investment landscape.
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Past deals in Saskatchewan
SalonScale
Seed Round in 2019
SalonScale is a technology company that provides hardware and software to manage hair color product usage and costs in salons. It develops Bluetooth-enabled scales that measure the exact amount of dye used and a mobile and web platform for tracking color usage, inventory, and expenses in back-bar operations. By weighing products and recording associated charges, the solution enables salons to separate color costs from stylist labor and improve inventory management. The platform serves salons with a back-bar management system and dashboards for cost measurement. Founded in 2018 and headquartered in Saskatoon, Canada, SalonScale was created by stylists and has grown to over a thousand users across North America.
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