5 female-founded venture capital funds to know - and the popular women-led startups they've invested in
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Remi Rosmarin
Mar 15, 2019, 22:20 IST
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Function of Beauty, personalized haircare startup, is backed by SoGal Ventures.
Just about 9% of VC investors are women, all of whom are working hard to diversify the startup world and bring great ideas to the forefront.
To celebrate Women's History Month, we're taking a look at five inspiring female-led VC funds and the women-led startups they're backing like Billie, Parachute, Reformation, and more.
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All of this makes sense. Diversity matters in the workplace, and not just for the reasons we already know, like having a greater pool of lived experiences to build from. According to McKinsey, businesses with diverse workforces typically perform better financially, too.
Still, the venture capital (VC) world is overwhelmingly male-dominated. According to a recent study by Axios, women account for just about 9% of investors across U.S. venture capital firms. And, while female entrepreneurship is growing at a rapid rate, women are still not getting as much VC funding as their male counterparts. A BCG study found that while enterprises founded by women were given about half the investment as those founded by men, the female-founded companies generated double the amount of revenue than their male equivalents.
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The gender investment gap is real, but it's clear that female entrepreneurs are still succeeding despite this. The good news - for investors and entrepreneurs, and alike - is there are plenty of women out there making it their job to get great female-founded businesses the funding they deserve. March is Women's History Month, so it feels particularly fitting to celebrate the intelligent women making waves in the VC industry.
Keep reading to learn more about five female-founded VC firms and the cool startups they've invested in:
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Halogen Ventures
Brilliant Ventures
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Forerunner Ventures
SoGal Ventures
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Female Founders Fund
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