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Female Founders Fund’s Anu Duggal On Sourcing Discounts During And Purchasing Founders She Never Met IRL

Female Founders Fund’s Anu Duggal On Sourcing Discounts During And Purchasing Founders She Never Met IRL

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 — 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.