Female Founders Fund has filed with the US Securities and Exchange Commission (SEC) to raise $75 million for its fourth fund. Female Founders Fund Female Founders Fund was created in 2014, becoming the leading source of institutional capital for female, women of color, and LGBTQ+ founders, raising seed capital with over $3 billion in enterprise value. Anu Duggal,  founding partner of the fund, has been praised for her impact in diversifying venture capital over the last decade. A serial entrepreneur, Duggal began her tech career as a co-founder of Exclusively.In,