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,
Marcy Venture Partners, the venture firm co-founded in 2018 by Jay-Z, has just closed its second fund with $325 million in capital commitments. The firm describes itself as having a “consumer, culture and positive impact” investment strategy. The team has so far written checks to at least 21 companies, including Rihanna’s lingerie company Savage X Fenty. Earlier this year, they also began investing in crypto projects, supporting Bitski, a San Francisco-based startup NFT marketplace, and investing more recently in spatial LABS (sLABS). This tech incubator focuses on metaverse and blockchain-based
Nigeria’s one-click checkout platform OurPass has raised $1Million during its pre-seed round to help it scale its business across the country. The West Africa e-commerce market is still heavily reliant on cash on delivery, according to a recent survey conducted by Jumia. As of 2019, 70% of Nigerians said they prefer cash on delivery options to make online payments. But for those who do try to buy online – yearly, about 75% of shopping carts are abandoned because of how difficult the checkout experience can be with long forms and
