Female Founders Fund closes third fund with $57M for female founders

Image: Anu Duggal. Image Credit: TechCrunch. Article by Christine Hall. TechCrunch – July 13, 2021.

Female Founders Fund announced Tuesday the closing of its Fund III after raising $57 million to create what the seven-year-old New York-based early-stage fund considers “the largest fund for seed capital specifically for female founders.”

The oversubscribed fund is backed by institutional investors including Goldman Sachs, Cambridge Associates, Melinda French Gates’ Pivotal Ventures, Twitter, Plexo Capital and the Doris Duke Charitable Foundation. It also includes investments from 23andMe founder Anne Wojcicki, YouTube CEO Susan Wojcicki and Houseparty co-founder Sima Sistani. […]

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