Anu Duggal, founding partner of Female Founders Fund
The VC industry has had to adapt to a new reality since hit like every other sector. No longer friendly conferences at Blue Bottle Coffee or in-person networking at demo times вЂ” VCs now just just take their pitches (and coffees) more than a safely-distanced zoom call. Feminine founders, nonetheless, suffer from this new powerful. PitchBook recently published a questionnaire saying that VC funding for female founders has dropped up to a three-year low. Organizations spent a complete of $434 million in Q3, the figure that is lowest considering that the 2nd quarter of 2017, relating to PitchBook information. The third quarter total additionally amounts to a 48% fall in financing from Q2, whenever feminine founders received $841 million across 132 discounts.
Happily, you can find VC companies that concentrate solely on feminine founders, a typical example of that is Female Founders Fund (FFF). Launched in 2014, the NYC-based company has raised two funds up to now (Fund I: $6 million and Fund II: $25 million) and matters 40+ organizations in its profile, including Billie, Co-Star, Kama, Lex, Maven, Peanut, Real, lease The Runway and Zola.