Women’s social media Peanut introduces microfund StartHER to invest in pre-seed stage start-ups

Women’s social media Peanut introduces microfund StartHER to invest in pre-seed stage start-ups

Peanut, the maker of a social networking app for females, is entering into the investing space with today’s launch of a microfund called StartHER. As the name indicates, the brand-new fund will focus on purchasing women as well as other historically left out creators “of any ages, life phases, ethnic cultures and sexual preferences,” the business says. […] As the name implies, the brand-new fund will focus on investing in females as well as other traditionally omitted creators “of all ages, life stages, ethnic cultures and sexual orientations,” the company says.”The assumption that founders should have networks able to invest in their companies produces an unreasonable beginning line for a lot of groups. “Peanut’s StartHER fund opens the door to founders looking for that early financing.”Moving forward, we’ll be considering other aspects such as deal flow to assist inform how we invest and the companies we choose to invest in,” explains Kennedy.: We’re heavily focused on making the best financial investments that will have the most impact versus just making returns. As the name implies, the new fund will focus on investing in women as well as other historically excluded founders “of all ages, life phases, ethnic backgrounds and sexual orientations,” the business says….

Extra Crunch Live: Join Anu Duggal for a live Q&A on August 20 at 11am PT/2pm ET

Extra Crunch Live: Join Anu Duggal for a live Q&A on August 20 at 11am PT/2pm ET

Rent the Runway andGlossier ended up being unicorns within the very same week in June 2019. That very same year, just 2.7 %of equity capital dollars went toward female-founded companies. Silicon Valley’s disconnect in between the monetary success of female-founded companies and funding them in the very first place is discouraging. The conversation exists, however the dollar indication momentum […]
Silicon Valley’s detach in between the financial success of female-founded companies and funding them in the very first place is discouraging. If you still haven’t signed up, now’s your chance!.?. Female Founders Fund has offered seed institutional capital to business owners with over$3 billion in enterprise value. That same year, just 2.7 %of venture capital dollars went towards female-founded companies. Silicon Valley’s disconnect between the monetary success of female-founded business and moneying them in the first location is disheartening….