💸 Female Invest Raises $11M Series A to Close the Financial Gender Gap
FemWealth Issue #170
Hi FemWealth Friends,
In the Spotlight 💸
Co-founded by Anna-Sophie Harvitgsen, Emma Due Bitz, and Camilla Falkenberg, Female Invest is a fintech platform offering trading and investing education for women globally.
“We target women specifically because they are falling financially behind globally, not just because they earn less but invest less.” - Anna-Sophie Harvitgsen, Co-founder and CEO of Female Invest (via Business Insider $)
The Copenhagen and London-based startup raised $11.2 million in a Series A funding round led by Educapital and Rubio Impact Ventures.
FemWealth Favourites ❤️
Startups: Spring Health raises $100M at 3.3B valuation (Axios Pro $) - Co-founded and led by April Koh, Spring Health is a behavioral health benefits provider for employers and health plans. The San Francisco startup secured $100 million in Series E funding at a $3.3 billion valuation. Generation Investment Management led the round, joined by Kinnevik, William K Warren Foundation, RRE, and Northzone.
Alps Blockchain secures €105M from Azimut for global expansion - Co-founded by Francesca Failoni, Alps Blockchain operates mining farms powered by revitalized hydroelectric plants. The Trento, Italy-based startup secured €105 million in a debt funding round led by Azimut Group.
Fashion-Tech unspun Raises $32 Million to Scale Zero-Waste, Emissions-Reducing Apparel Solution - Co-founded by Beth Esponnette, Unspun develops 3D weaving technology for manufacturing apparel. The Oakland, California-based company raised a $32 million Series B round led by DCVC. Lowercarbon Capital, E12, Decathlon, and SOSV also contributed.
Credo AI raises $21M to help enterprises deploy AI safely and responsibly - Founded and led by Navrina Singh, Credo AI is an AI governance platform that automates AI oversight and risk management. The Palo Alto startup raised a $21 million round from CrimsoNox Capital, Mozilla Ventures, FPV Ventures, Sands Capital, Decibel VC, Booz Allen Hamilton, and AI Fund.
Sybill raises $11M for its AI assistant that helps salespeople reduce administrative burden - Co-founded by Mehak Aggarwal, Sybill provides an AI assistant designed for sales representatives. The Mountain View, California-based company raised a $11 million Series A round led by Greycroft, with additional support from previous investors Neotribe Ventures, Powerhouse Ventures, and Uncorrelated Ventures.
Monto nets $9 million in Seed funding with promise to curb B2B payment “chaos” - Co-founded and led by Maya Cohen, Monto is a payments and billing startup. The New York startup raised $9 million in Seed funding led by Scale Venture Partners, with additional support from Verissimo Ventures, F2 Venture Capital, Firsthand Alliance, and Room40 Ventures.
Bee raises $7M for its wearable AI assistant that learns from your conversations - Co-founded and led by Maria de Lourdes Zollo, Bee is developing a wearable AI assistant designed to learn from and interact with a user’s conversations. The San Francisco-based company raised a $7 million Seed round led by Exor, with additional support from Greycroft, New Wave VC, and Banana Capital.
Manila’s Hive Health Raises $6.5M to Expand and Innovate Digital Health Insurance - Co-founded by Camille Ang and Jiawen Tang, Hive Health is a digital health insurance company. The Manila, Philippines-based startup raised $6.5 million in a Pre-Series A funding round. The Gentree Fund and BEENEXT led the round, with participation from Y Combinator, The Graduate Syndicate, Amasia, and Oak Drive Ventures.
Cambridge-based CorrosionRADAR raises €5.9M to help industries with corrosion management - Co-founded and led by Dr. Chiraz Ennaceur, CorrosionRADAR provides smart corrosion monitoring and analytics solutions for critical industrial asset integrity issues. The Cambridge, UK-based startup raised £5 million in funding. Aramco Ventures, Dow, and Kanoo Ventures led the round, joined by Mercia Ventures.
UK’s Lovetovisit raises €3.8M to expand family-friendly travel platform - Founded by twin sisters Georgia Aubrey and Alice Aubrey, Lovetovisit is an experience and event booking platform. The Cardiff-based startup raised €3.8 million. Venrex and Redrice Venture led the round, joined by Active Partners, Velocity Partners, and business angels.
Heeyo built an AI chatbot to be a billion kids’ interactive tutor and friend - Founded and led by Xiaoyin Qu, Heeyo provides an AI-powered chatbot designed for children aged 4 to 9. The Palo Alto startup raised a $3.5 million Seed round from OpenAI Startup Fund, Alexa Fund, Pear VC, and other investors.
Melt&Marble awarded €2.76M by European Innovation Council - Co-founded and led by Anastasia Krivoruchko, Melt&Marble uses precision fermentation to make sustainable fats. The Gothenburg, Sweden-based startup raised €2.76 million in grant funding from the European Innovation Council (EIC).
Meddenovo secures €1M Pre-Seed to unlock cyclic peptides’ drug development potential - Co-founded and led by Ilke Ugur Marion, Meddenovo is a Lyon, France-based AI drug discovery startup. It raised €1 million in a Pre-Seed funding round led by ACT Venture Partners.
Date Like Goblins, a new dating platform, allows users to virtually date and play video games - Founded by Lise Keeney, Date Like Goblins is a dating platform designed for those who are introverted, neurodivergent, or on the autism spectrum. It launched a Kickstarter campaign offering backers the opportunity to gain early access to the platform and secure a discounted membership rate.
Women’s Health: Fertility tracking app Flo Health raises $200M at a $1B+ valuation - Flo Health is a (male-founded and led) women’s health app that offers period tracking, ovulation prediction, and personalized health insights. The London-based company raised a $200+ million Series C round led by General Atlantic at a $1+ billion post-money valuation. It is the first “purely digital” femtech app and Europe’s first women’s health company to become a unicorn. Also read A male-founded startup became Europe’s first femtech unicorn. Does it matter?
“With women spending 25 per cent more of their lives in poor health compared to men, we’re committed to changing this unacceptable status quo.” - Anna Klepchukova, Chief Medical Officer of Flo Health (via Tech.eu)
VC: Moxxie Ventures, led by ex-Twitter media head, raises $95M third fund - Founded and led by Katie Jacobs Stanton (a former head of media at Twitter), Moxxie Ventures, a San Francisco-based venture capital fund raised $95 million for its third fund. It will invest in AI, climate tech, health care, future of work, and robotics companies at Pre-Seed and Seed stages. Notably, a third of the firm’s portfolio companies are led by female founders and ~ half have been founded by Black, Indigenous, and People of Color (BIPOC).
Siddhi Capital grabs $135M for Fund II to invest in consumer packaged goods startups - Led by managing partner Melissa Facchina, Siddhi Capital is a US-based growth equity firm investing in the food and beverage industry. It closed on $135 million in capital commitments for its second fund.
Founded and led by Sarah Guo, Conviction Partners, a San Francisco venture capital firm focused on AI, aims to raise $230 million for its second fund. (via Axios Pro $)
Co-founded and led by Julie Wroblewski and Joanna Drake, Magnify Ventures, an LA early-stage venture firm, is raising $50 million for a second fund. (via Axios Pro $)
How filming a cappella concerts and dance recitals led Northzone’s newest partner Molly Alter to a career in VC - Features Molly Alter, recently promoted to Partner at Northzone.
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Until next Sunday,
Anamaria
Founder & Writer of FemWealth