High five: Female Ventures Fund intends to resolve historical inequalities when it pertains to VC funding
Gregory stated: “I come throughout a wide variety of female business owners who have strong company models and yet do not get the financing they require.
The Seed Enterprise Investment Fund, which introduced today, wishes to attend to the historic inequality that just 1 per cent of equity capital money goes to women-only start-ups, while men-only start-ups get 89 percent.
The Female Ventures Fund is housed inside Innvotec, the London-based fund management company which currently has 25 per cent of its portfolio dedicated to female-led companies, more than double the market average of 12 per cent.
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The fund likewise desires to have more females investing in the start-up world.
Far, FVF currently has 35 portfolio business signed up taken from Innvotecs main portfolio, including a cancer research study company structure technology for radiotherapy drugs, a company structure smart house tools to deal with fuel hardship, a sustainable style brand market, and a green innovation firm keeping an eye on shipping fuel emissions.
The fund plans to stay invested for anything between 10-12 years, as development companies go through succeeding financing rounds.
>> See likewise: How to get ₤ 150,000 purchased your London tech start-up
Lesley Gregory, chairwoman of law practice Memery Crystal, will lead the board of advisers. Gregory specialises in advising growth business on alternative forms of raising finance and is among only two attorneys– and the only female– to be ranked by Chambers as a distinguished practitioner for little business listed on the AIM stock exchange. She was formerly a board of advisers member entrepreneur/investor community E2E Exchange and established Memery Crystals female entrepreneurs Women In Business network.
Gregory stated: “I come throughout a large range of female business owners who have strong service models and yet do not receive the funding they need. We wish to change that. The FVF model will offer, not only financing, however likewise, assistance in vital motorists of VC success– networking, negotiation, company planning and mentoring.”
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Gregory specialises in recommending development companies on alternative forms of raising finance and is one of only two lawyers– and the only female– to be ranked by Chambers as a noteworthy practitioner for small business listed on the AIM stock exchange. She was previously an advisory board member entrepreneur/investor neighborhood E2E Exchange and founded Memery Crystals female business owners Women In Business network.
Female Ventures Fund aims to invest ₤ 10m in female founders and women-led start-ups over the coming 12 months.