Victress Capital, a fund founded by women to back women founders, just closed its second fund

Victress Capital, a fund founded by women to back women founders, just closed its second fund

4 years ago
Anonymous $qOHwDUKgAF

https://techcrunch.com/2020/07/06/victress-capital-a-fund-founded-by-women-to-back-women-founders-just-closed-its-second-fund/

Women start 40 percent of the businesses in the U.S., but they receive just 3% of venture funding. It doesn’t take a math whiz to recognize that such an extreme funding gap could spell opportunity, but it might help if you are math minded, a longtime investor, and happen to be woman and so conceivably understand certain products and pitches better than some men.

That was certainly the thinking of both Lori Cashman and Suzanne Norris, who came together in 2016 to form Victress Capital outside of Boston, a consumer-focused seed- and early-stage firm that just closed its second fund with nearly $22 million in funding to back gender diverse teams, meaning there is at least one woman on the founding team.

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