New fund supporting women entrepreneurs
AllBright is a new platform that focuses exclusively on supporting female founders. AllBright was set up by tech entrepreneurs Debbie Wosskow, founder of home rental startup Love Home Swap, and Anna Jones, CEO of Hearst Magazines UK. The fund has also received backing from the likes of Sherry Coutu CBE, serial tech investor and Founder of the Scale-Up Institute, who will be speaking at the upcoming UKBAA Angel Investment Summit on 1st November.
The AllBright Angel network is a community of experienced individuals who have invested their personal capital into the AllBright investment fund. They are drawn from a wide range of sectors but all share one common goal: to unlock the potential of female-founded businesses.
It aims to raise a fund of £10m by Christmas, which will be used to invest in the UK’s best female-led enterprises to accelerate the growth of these top emerging businesses.
The launch of AllBright represents a step towards redressing the gender imbalance that currently exists in the startup and early-stage investment space, where it is believed that female entrepreneurs receive only 10% of venture capital investment globally and have disproportionately lower loan approval rates than male entrepreneurs.
Click here to find out more about the opportunities offered by AllBright.