BBG has closed three funds to date, the last one in 2021 raising funding of US$50m.Ä«BG has made more than 100 investments to date, and among its portfolio companies, nearly 68% have non-white founders. They focus on early-stage funds across consumer internet and consumer tech, marketplaces, commerce, media and consumer product sectors in the areas of health and wellbeing, future of education and work and climate, and typically invest between US$100,000 and US$250,000. âWe look for companies that drive systems change, build 10X better consumer solutions, or address new buying behaviours across some of the biggest categories of consumer spending that are ripe for reinvention,â says BBG. BBG Ventures invests in startups with at least one female founder. Launched in 2014 by two female founders Susan Lyne and Nisha Dua, BBG Ventures (Built By Girls Ventures) is âpropelling a new wave of founders toward transformational changeâ. It is now the largest fund of seed capital focused on female entrepreneurs. Since its inception, FFF has invested in more than 50 of the fastest-growing female-led companies in the US including category leaders like Zola, ELOQUII, Billie, Co-Star, Peanut, Real, BentoBox, Tala, Maven Clinic and WinkyLux. FFF boasts an expensive network of experienced leaders, including Elizabeth Cutler, co-founder of SoulCycle and Chien Huang, Co-founder of Boxed, who provide mentorship and advice across marketing, growth, operations, fundraising, M&A. Anu has been honoured in Fortuneâs â40 Under 40â list and Crainâs âNotable Women in Techâ list. Anu has led FFF in three funds with the latest in July 2021 closing funding for US$57m, backed by Goldman Sachs, Twitter and Melinda Gates. We highlight some of the latest and leading investors and VCs actively looking for female-led startups in the US.ÄŻounded in New York by Anu Duggal in 2014, Female Founders Fund (FFF) is a seed-stage venture fund that invests exclusively in female-founded startups â category-defining businesses with a focus on fintech, healthcare, consumer and B2B. Today, women make up 15% of general partners at VC firms, and there are now about 1,000 female angel investors. Jesse and Jaclyn are among a growing pool of female angel investors and general partners who are actively looking to support female founders and help to catapult women-led startups to success.ÄȘt the end of 2019, 12% of general partners at VC firms were women and there were 740 female angel investors, according to PitchBook. âWith women making 80% of household purchasing decisions, we are betting on early-stage female founded companies with billion-dollar potential.â âFemale-led businesses represent a massive opportunity,â says Jesse Draper, founder of LA-based VC firm Halogen Ventures, which prioritises female-led startups. While more recent studies ( BCG, 2018) show that for every dollar invested, businesses founded by women generate revenue almost two times higher than those founded by men â making them a safer bet. Companies with at least one female founder perform 63% than those with all-male founder teams, according to data from VC firm First Round Capital in 2015. It was the second year in a row that women's percentage of VC funding shrank, according to a report by research firm PitchBook.ÄȘnd yet evidence suggests that women make better entrepreneurs. in 2021, the smallest share since 2016 and a sign that efforts to diversify the famously male-dominated industry are struggling. Female founders secured just 2% of venture capital in the US. Having built various companies from the bottom up over the last decade and with two exits under her belt, the Forbes Under 30 list alum understands the challenges that entrepreneurial women face and believes that the lack of funding for startups is directly linked to the lack of women leading or co-leading VC firms.ÄŻemale founders secure just 2% of VC, but women make better entrepreneursÄŻunding for female-led startups is certainly lacking.
Believing the answer to generating more female-led startups is to have more female-led VC firms, Jaclyn has put her money where her mouth is and unveiled a fund for female-led firms, according to Forbes.Äescribed as a venture capital firm and brand incubator, New Money Ventures is the latest innovation from Jaclyn, a self-described multi-hyphenate, who is serial entrepreneur, angel investor, bestselling author, and host of podcast WorkParty where she interviews female founders. âBehind every great woman, are great womenâ, is a quote self-funded serial entrepreneur Jaclyn Johnson has splashed across the website of her successful startup Create & Cultivate, an online content and event series.ÄȘnd itâs a quote Jaclyn lives by.
