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On Tuesday , Female Founders Fund ( FFF)filed with the SECto set off raising $ 75 million for its fourth fund , TechCrunch+ exclusively describe .
TechCrunch reported at the prison term that FFF ’s assets under direction were over $ 95 million ; if it strike its mark amount for the fourth investment firm , it would increase AUM to well over $ 150 million , keeping FFF as one of the largest early - stag fund , specifically for women .
Anu Duggal , a establish partner at FFF , did not immediately react to our request for comment .
The Fund was founded in 2014 to back female person - founded companionship at an early stage . It focus on everything from clime tech to healthcare , generative AI , and skill - endorse life-style companies . This fourth fund represent its commitment to investing in women ; teams founded by all women constantlyreceive around 2%of all venture capital in any given year , though miscellaneous - gender squad are seeing an uptick in funding .
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When broken down by wash , the amount of funding to women drops ; for example , Black women receiveless than 1%of all venture capital one dollar bill . When Fund III was announce , Duggal say it heavily invested in women of color , with hitch sizes ranging from $ 750,000 to $ 1 million ; half the fund was reserved for follow - on funding . It ’s secure to take on that , as the numbers for woman and women of color have hardly moved since 2021 , Fund IV will follow a like investment strategy .
Overall , FFF has backed more than 100 company , including astrology app Co - Star and health care society Peanut , according to PitchBook . The $ 75 million raise is a smart spot in a speculation bubble where fair sex are mostly ignored and overlooked . It follows the tendency TechCrunchpreviously notedof how more fair sex - led business firm seem to have raised a lot of money in the slowdown yr that has been 2023 . This was due to many reasons , include the steadily mount pressure for LPs to back more woman . sentence will tell as to whether these force players are still listening .
