Anthemis’ Female Innovators Lab becomes largest early-stage FinTech fund for female founders


Specialist asset manager Anthemis’ Female Innovators Lab (FIL) has received additional investments from institutions including Visa and BMO, which sees the fund become the largest early-stage FinTech fund dedicated to companies founded by women.

Anchored by Barclays, with investment from Aviva, the fund now totals $50m.

With this latest raise, the Fund will invest in additional early-stage companies and continue its focus on designing, sourcing, and scaling female-founded embedded finance startups.

Launched in 2019 and led by Anthemis’ global head of venture studio, Katie Palencsar, the FIL Fund actively invests in women-led startups across North America, UK and Europe.

FIL’s approach is modelled on Anthemis’ embedded finance investment thesis, targeting business models that deploy financial services within a diverse set of industries including sustainability, beauty, ecommerce, and more.

Through the venture studio and fund, Anthemis has sourced over 1,500 early-stage female-founded companies and shaped and funded portfolio companies.

As one of the earliest asset managers to establish a diversity and inclusion mandate, Anthemis is uniquely suited to lead FIL. Women account for 69% of the people across investments, 48% of portfolio company founders are women or people of colour and 58% of all employees at Anthemis are women.

Palencsar said, “Women are half of the world’s population, they control 70% of global household spending, profits are higher when they’re present in the c-suite, and the startups they build have a more rapid path to exit – but somehow, women-led companies still raised just two percent of all US venture investment last year.

“Female founder businesses are a massive market opportunity, yet chronically underfunded. FIL is purpose-built to seize that opportunity, helping women develop high-growth, high-impact startups at the intersection of finance, technology, and society.”

Last year, FinTech Global sat down with Ruth Foxe Blader, a partner at Anthemis to discuss the InsurTech industry.

Keep up with all the latest FinTech news here.

Copyright © 2023 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.