IMPACTASSETS 50™
An Annual Showcase of Impact Investment Fund Managers

ImpactAssets 50
An Annual Showcase of Impact Investment Fund Managers

Sandpiper Ventures




Firm Overview
Sandpiper Ventures is a seed-stage venture capital firm located in Atlantic Canada. Led by a group of women who come from a rural and underserved geography, who have built, bought and invested in hundreds of companies across the world over the course of their careers. Sandpiper believes that great companies deliver both purpose and profit and invests in innovators building high-growth profitable, sustainable companies with global potential and positive impact on health and wellness, environment and communities, and education and workforce of the future.
Years of Operation: Less than 3 years
% of Capital from Top 3 Investors: Less than 25%
Sandpiper invests in women and non-binary led start-ups that are building transformative, globally scalable, future- fit companies, as an underserved population that is over-performing. We create funds that deliver a reliable return by investing in founders and start-ups that are intent on changing the world around them.
Sandpiper Ventures is a seed and Series A stage venture capital firm based on the east coast of Canada and we invest exclusively in women-led tech companies across Canada. We invest in tech companies with women and non-binary founders in the C-suite with equitable ownership, as an underrepresented demographic that is over-performing. We are industry agnostic but make our investments in companies where our experience and networks are relevant focusing on companies solving massive problems to improve Healthcare and Wellbeing, Environment and Communities, and Education and Workforce of the Future. We create funds that deliver a reliable return by investing in founders and start-ups that are intent on changing the world around them. We build on our investment and generously impart business acumen and hands-on support that is proven to increase their chances of success in the marketplace.
We are an operator driven fund, our management team and active advisors are well connected business leaders, ex-CEOs, with deep international industry and operations experience, providing access to unique deal-flow and the tools and networks to support our portfolio companies. Our GPs have built companies from scratch, scaled companies into new markets, developed talent, failed and succeeded in M&As, and executed multi-billion $IPOs. We have taken these companies successfully through volatile and adverse market conditions. We are bringing access to capital and the resources that our founders need to be successful in global markets, particularly with today's market conditions.
Investment Example
DeNova (https://www.denova.ca/): DeNova is commercializing a microbial protein product offering an innovative, planet-conscious solution to the global protein challenge at a quality and price positioned to disrupt the food supply chain. By harnessing the power of the world’s most efficient carbon recyclers, DeNova's alternative protein ingredient is grown using a feedstock derived from greenhouse gases and underutilized hydrocarbons. Initially supplying the aquaculture industry, DeNova aims to directly replace the expensive and unsustainable proteins used in today's commercial aquaculture diets. DeNova is led by a women named Brianna Stratton, who continues to build an intersectionally diverse team of powerful leaders. Sandpiper originally invested in DeNova in 2020 and assumed a board seat in 2021 during the first follow on fundraise. The company valuation has increased with a multiple of 5x during this period.
Leadership and Team
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Cathy Bennet – Co-Founding and Managing Partner More Info
As a former CEO, seasoned entrepreneur, current board director and consultant, and as a prominent business-person in Newfoundland, Cathy’s focus is growth. With over 30 years of business leadership, her own company, Bennett Group of Companies, included operations in commercial and industrial construction, industrial manufacturing, human resource support, food service, industrial supply and real estate investments and operations. Cathy is currently the CEO of TaskForce NL. Cathy serves/has served on public, private and crown corporation boards spanning diverse industries. Cathy is an active angel investor and mentor for early-stage technology companies. |
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Rhiannon Davies – Co-Founding and Managing Parter More Info
A native of New Brunswick, Rhiannon’s business leadership spans Europe, Asia, South and North America. She was on the Board of Directors that took GrandVision N.V., a CAD$ 5.5 Billion revenue retailer with businesses in 45 countries, through a successful IPO on the Amsterdam Stock Exchange. Rhiannon has driven the target identification, due diligence, acquisition, integration and move to profitability of many companies. She thrives in fast moving, fast growth environments, and works in executive and board roles in private, public and non-profit organizations. |
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Sarah Young – Co-founding and Managing Partner More Info
Sarah Young is an entrepreneur, a business leader and one of Canada’s most sought-after communications advisors. She is Partner and Senior Counsel Managing Partner at NATIONAL Public Relations, Canada’s leading PR firm. Previously Sarah was Managing Partner responsible for Atlantic Canada at NATIONAL and she also led the corporate talent strategy across the global network for AVENIR GLOBAL, one of the world’s 15 largest communications companies. Sarah helps private and public organizations across Canada tackle complex challenges ranging from industry disruptors, the modernized workplace, gaining social license, shifting consumer attitudes, scaling business into new markets and investment attraction. |
Financial Performance
Impact Performance
Percentage of Total Assets Under
Management that are Impact Investments: |
100%
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Our mandate is to invest in women and non-binary founders and their innovation, with an impact of increasing participation of women as both investors and innovators, generating wealth and working towards greater access to inclusive innovation and more equitable wealth distribution.
Our due diligence and onboard process includes an evaluation of environmental and social responsibility and we track these metrics on a quarterly basis throughout the lifetime of our investment.
Impact Tracking and Monitoring



Learn More
5945 Balmoral Rd., Halifax, NS B3H1A5 Canada
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