But as they make money, they write larger cheques.” Since Alma started in 2020, funding has ranged from £1,000 to £100,000, she adds. “There is an impression angel investing is for the super-rich,” says Deepali Nangia, an investor and co-founder of Alma Angels, which works to increase the number of women in Europe who fund female-founded companies. This makes it crucial not to choke off female investment at a lower level. Women of colour and those in developing countries find it even tougher. The number is excruciatingly low for all-female-founded companies – at 2 per cent. ![]() Only 15 per cent of VC cash in the UK goes to companies where a woman is among those who started the company, British Business Bank data shows. This then contributed to a fall in venture capital deal activity among female-founded companies, with angel investor participation at its lowest since 2018.Įven before the latest challenges, three-quarters of pitches the UK venture capital industry received were from businesses with no women on the founding team. The number of female angel investors active in Europe had been growing rapidly over the past few years but dropped by 42 per cent in 2023, according to data from PitchBook. The industry has been further held back as the cost-of-living crisis has exacerbated the gulf in savings between men and women, hitting female investors and founders. “It’s just not as easy for women to raise money,” she adds.įemale founders already face an uphill struggle, from attempting to become entrepreneurs in industries often blind to female talent, to paying brokers for access to investor rooms controlled by old boys networks that only go on to give their cash to men. Earlier this month, the UK government reverted to the £100,000 income threshold and £250,000 for net assets.įor Wosskow, a lead investor in The Better Menopause, which seeks to use nutritional supplements to improve women’s health, it was welcome news as the company’s next tranche of funding will include more female investors. This shrank the investor pool and disproportionately affected women, who typically earn less and have lower savings than men. ![]() The UK government’s climbdown last week on financial thresholds for promoting potentially risky investments, including start-ups, to wealthy individuals, removes an unnecessary roadblock for female-founded companies.Īlready in dire need of funding, these businesses were set to be among the biggest losers of the move to lift the eligibility criteria for people investing in early-stage companies to £170,000 (€199,000) of income and £430,000 in net assets. ![]() You don’t need to be Warren Buffett to invest.” “Female angel investors are so important. “Women back women,” says Debbie Wosskow, the 50-year-old entrepreneur and co-founder of The AllBright Collective, a private members’ club for businesswomen.
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