Startups
Backbone is a collective of active angel investors. We came together to invest in women and non-binary founders with a focus on investments in Black, Indigenous, and Women of Colour-led companies.
Being witness to the power of entrepreneurship, Backbone believes there is space for many founders to succeed but that access to the resources it takes to succeed are not equitably distributed. They want to change that. Founders in the Backbone portfolio will have access to expertise in product, data
UX, marketing, talent, legal, operations, and strategy. With an investment from Backbone, founders gain access to the strength of the collective.
Being witness to the power of entrepreneurship, Backbone believes there is space for many founders to succeed but that access to the resources it takes to succeed are not equitably distributed. They want to change that. Founders in the Backbone portfolio will have access to expertise in product, data
UX, marketing, talent, legal, operations, and strategy. With an investment from Backbone, founders gain access to the strength of the collective.
Overview
Location
Canada, Ontario, Toronto
Employees
1-10
Founded date
2021
Mentions in press and media 5
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| May 13, 2021 | Shopify has produced a lot of wealth, turning former employees into founders and investors | Last month, Jean-Michel Lemieux, the chief technology officer of Shopify, and the company’s chief talent officer, Brittany Forsyth, both announced that they are stepping down from their roles. Chief legal officer Joe Frasca is also set to l... |
| Mar 16, 2021 | Inovia Capital raises $450M for second growth-stage investment fund | Montreal-headquartered Inovia Capital has raised $450 million for Growth Fund II, the firm’s second growth-stage investment fund. The close of this funding comes just a little over two years after the announcement of its first in February 2... |
| Mar 9, 2021 | 'We don’t want to just write cheques': Shopify executives launch investing collective Backbone Angels | Earlier today (March 8), a slate of current and former Shopify executives launched an angel investing collective that will invest in women and non-binary founders with a focus on investments in Black, Indigenous, and Women of Colour-led com... |
| "If other people want to overlook that value, then their loss is our gain." — Backbone Angels look to increase their impact in 2022 | Just one year after launching, the Backbone Angels, who met working at Shopify, is already looking to increase its impact in 2022. The investing collective coalesced around the funding—and empowering—of founders, businesses and ideas that a... |
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FAQ about Backbone Angels
When was Backbone Angels founded?
Backbone Angels was founded in 2021.
What has the press written about Backbone Angels?
Parsers VC has collected 5 articles mentioning Backbone Angels, among them “Shopify has produced a lot of wealth, turning former employees into founders and investors” (May 13, 2021) and “Inovia Capital raises $450M for second growth-stage investment fund” (Mar 16, 2021).
Is Backbone Angels still active?
Yes, Backbone Angels is active; its latest activity on Parsers VC dates from Apr 12, 2022.