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5 Global Funds Powering the Next Wave of Women-Led Innovation

By: Supraja Mohanty, Senior Correspondent

A new generation of venture capital that are driving women-founded startups across the world. Global Woman Leader team unveils 5 Global Funds for Women, representing inclusive investing isn't just fair, it's also crucial to sustainable development and growth.

Venture capital has been the lifeblood of innovation for a long time, but its flow has always passed over a vital group of entrepreneurial ability i.e., ‘women’. While women-founded businesses routinely perform well on return metrics as well as capital efficiency, a small percentage of worldwide VC money ends up in the hands of female founders.

Single-mindedly targeting early-stage female-founded startups, these funds work at the crossroads of capital and impact, in sectors ranging from consumer technology and financial technology to healthcare, education and environmental innovation.

Offering customized mentorship and operational support, these funds build an ecosystem that enables female entrepreneurs to thrive, alongside capital. Their arrival foretells more than a shift in funding; it foretells a redescription of venture capital's mission.

By focusing on women-specific investment, these funds are not only advancing gender equality but unlocking new sources of economic and social value, proving that investments in women are both a moral imperative and a strategic advantage.

GWL emphasises the pioneers who are changing the game of venture investing and ensuring that women aren't just included in the future of innovation, they're driving it.

Female Founders Fund

Female Founders Fund is a trailblazing US-based venture capital that invests solely in early-stage women-founded startups. Established in 2014 by Anu Duggal, the fund supports fearless women founders who are creating bold companies across industries such as consumer tech, fintech, health as well as enterprise software.

As part of its goal to bridge the funding gap for women, it has invested in more than 70 female-founded companies while prominent among them being high-achieving names such as Rent the Runway, Zola and Maven Clinic. The fund raised subsequent rounds, most recently a $57 million Fund III while remaining a gender equity advocate by demonstrating that female-founded companies yield high growth and solid returns.

Halogen Ventures

Halogen Ventures is an American venture capital firm that invests solely in women-founded early-stage consumer tech startups. Established in 2015 by Jesse Draper, the firm aims to bridge the gap in funding for female founders by investing in women creating innovative products in areas such as family technology, health and wellness, fintech and education.

It has funded in women-founded companies that includes Everlywell, HopSkipDrive and The Skimm. The company offers hands-on assistance in the form of mentorship and branding know-how. It is convinced that women-founded companies are great catalysts for innovation and returns, and its purpose is to demonstrate that it is not just good to invest in women, rather it's good business.

Fearless Fund

Fearless Fund is a US venture capital firm which is committed towards investing in women-of-color-led startups. Founded in Atlanta in 2019 by Arian Simone, Ayana Parsons and Keshia Knight Pulliam, the company prioritizes pre‑seed, seed as well as Series A investments into growth-driven, scalable companies. Having spent close to $27 million on about 40 companies in CPG, technology, beauty along with consumer spaces, it marries capital with mentorship and strategic network exposure through collaborations with Mastercard, Bank of America, Costco and others.

In spite of legal injunctions that once stopped its grant program for Black women, the venture fund continues with its key investment activities like advocating for resilience and equity. The fund's purpose remains unchanged i.e., bridging the systemic capital deficit for women of color founders and demonstrating they provide both social return and solid returns.

Women Founders Fund (Google for Startups)

Google for Startups Women Founders Fund is a program led by Google to promote early‑stage startups with one or more-woman founders. The initiative provides equity‑free cash grants of up to $100,000 per startup, in addition to Google Cloud credits and customized mentorship from industry leaders and Google teams. Participating companies are generally between pre‑seed and Series A, possess a scalable product and a huge market opportunity.

The fund invests across several regions including North America, India, Japan and Korea while also matching winners with a worldwide community of women founders and alumni networks. Google for Startups has distributed more than $50 million in Founders Funds, supporting over 600 underrepresented founders who have gone on to raise $500 million+ in follow-on funding.

Silicon Valley Women Founders Fund

Silicon Valley Women Founders Fund is a venture capital fund that was started to invest solely in pre-seed and seed-stage technology startups led by women. Born out of the energy of the Show Her the Money campaign, the fund is supported by women investors and headed by Catherine Gray, occupying that has a $100 million target for pre-seed and seed-stage companies in fintech and climate tech industries.

Unlike generalist VC firms, its purpose is strongly entrenched in gender-lens investing. Whie providing more than capital, it synergizes a venture studio model that offers marketing and accounting assistance with strategic direction informed by past tech executives. It integrates social impact with 1% of profits being pledged to nonprofits that assist women and girls.

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