""It's not a lack of talent, it's a lack of access. This £1m isn't just capital, it's a signal to the market that female-led businesses are some of the most undervalued opportunities out there.""
""The British Business Bank's involvement amounts to a meaningful seal of approval. Institutional money tends to follow institutional money, and the bank's imprimatur could prove more valuable to the funds' fundraising efforts than the cheque itself.""
The British Business Bank has committed £1 million to co-invest with Angel Academe in female-led businesses across the UK. This funding will complement private investments from Angel Academe and its EIS fund, focusing on high-growth companies with female founders. Despite the modest amount compared to the broader venture market, it symbolizes a significant step towards addressing the persistent issue of female founders receiving less than two percent of venture capital. The involvement of the British Business Bank is expected to enhance fundraising efforts for these businesses.
Read at Business Matters
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