Female Invest, an EdTech platform striving to close the gender investment and savings gap, has raised £3.3m in its recent funding round.
The funding round was closed in October from a syndicate of prominent investors including Y Combinator and Dr. Fiona Pathiraja.
Founded in 2019 by Emma Due Bitz, Camilla Falkenberg, and Anna-Sophie Hartvigsen, Female Invest provides a subscription-based learning platform. Members get access to learning courses, including 27 video courses, 18 master classes, a written knowledge bank, weekly webinars with expert speakers and a community page where members can connect with each other.
Inspired by the founders’ experiences of attending personal finance educational events at which women were largely absent, the company aims to close the gender investment gap by providing a space in which women can acquire the skills necessary to control their own capital.
The funding round comes at a time when less than 2% of funding goes to female-founded companies.
Moreover, when considering that 70% of stocks are owned by male investors and female workers are retiring with around £70,000 less in their pensions than men (Nest survey – Oct 2020), Female Invest’s mission seems all the more pertinent.
Co-founder Hartvigsen, explains, “Women are falling financially behind in every single country in the world. They are earning less, saving less and then – with what money they have – they are investing less. Our job at Female Invest is to close that gap as quickly and helpfully as possible.”
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