Female Founders Fund recently finalized its second funding that was worth twenty-seven million United States dollars. The fund will have the sole purpose of focusing on technological companies started by female entrepreneurs in the field of consumer technology as well as enterprise. This fund was a second phase of the funding process. This second fund was five times that of the first fund. A total of thirty-five million dollars will be managed by two members of the F3 organization namely Anu Duggal and Sutian Dong. The funds will be used for the continued support of other institutions operating in the two sectors such as Billie, Winky Lux as well as Thrive Global.
Female Founders Fund was started by Anu Duggal four years ago to fight the gender inequality in venture capitalism. The organization is vividly demonstrating the impact of female started and led companies in the innovation of technology. It has an influential group of investors as well as operators who are inspired to investing in female entrepreneurs. The group entails experts from all sectors and industries.
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Some of the notable members of the organization include Melinda Gates who is the Co-Chairperson at the Bill and Melinda Gates Foundation. Whitney Wolfe Herd who started her own company called Bumble is also a member of the organization. Reshma Saujani who is the CEO and the creator of Girls Who Code is also a member. Shan-Lyn Ma who is the CEO, as well as the founder of Zola, is also a member of the organization as well as Katrina Lake who founded and is CEO of Stitch Fix.
The foundation has done a profound duty in developing the value for the founders’ portfolio. This has been done through the company’s active support towards innovative female entrepreneurs. With the help and expertise of the members, the organization assists the startup companies to grow and flourish.
Whitney Wolfe Herd is the current Chief Executive Officer as well as the founder of her company called Bumble. Bumble is growing immensely as an application in the mobile phone users. In two years, her company has generated close to ten million users. Her offices are located in Austin Texas.
Whitney Wolfe Herd was also the vice president of marketing as well as part of the founding team in a company called Tinder Incorporated based in West Hollywood. She worked in the company for two years after which she started Bumble in 2014.
The mission of Whitney Wolfe Herd towards her company was to create the first female platform that would mend the broken gender norms when users connect. Her vision was to eradicate online bullying and foster a healthy connection between individuals.
— Whitney Wolfe Herd (@WhitWolfeHerd) May 25, 2018