March is Women’s History Month, and March 8th celebrates International Women’s Day. While we want to celebrate the numerous successes and contributions women have made every day of the year, we acknowledge that recent history has not been easy for female entrepreneurs.
At the start of 2020, Time reported that women held the majority of jobs in the United States and carry more spending power than in previous generations. But in spite of these upward trends, women’s wages still fall short of those of their male counterparts, even in high-paying job sectors like healthcare. And while 2020 was undoubtedly difficult for genders across the board, women bore the brunt of budget cuts, job losses, and limited investments opportunities.
Yet, despite these hurdles, there are also more resources and opportunities available for female entrepreneurs than ever before. Reporting by Crunchbase suggests that women may be more apt to weather the changes brought by the Covid-19 pandemic, as their business ventures tend to be highly adaptable and impactful.
From venture capital funds investing specifically in women-led startups to entrepreneur boot camps for middle and high schoolers, there are numerous opportunities for women and girls to leverage resources that will help them thrive. If you identify as female, or if you’re hoping to further women’s success in the workplace, the resources below are for you!
Don’t let lack of access be the end of your venture — the investors below connect female founders with opportunities to close the gender gap when it comes to acquiring funding. And if you’re a venture capitalist, the following groups could be great partnerships to help you find your next investment.
Backstage Capital says “no problem” to funders who say their lack of diverse investments are due to limited pipelines. They aim to invest in underrepresented founders, or “All founders who identify as a Woman, Person of Color, LGBTQ+, and other underestimated groups.” Any stage company from any industry can apply, and if successful, will receive mentorship, fundraising support, and connection to their network of other underrepresented founders. Founders can apply for funding here, and funders can join a contribution waitlist.
Chloe Capital is all about “investing in women-led, seed stage, tech and tech-enabled companies with a product in the market validated through early revenue and/or strategic partnerships.” To ensure distribution of funds across the United States, Chloe Capital partners with foundations, universities, and corporate innovators to create opportunities for women. They embarked on a national tour in 2019 that took them to eight cities across the United States, and to date they have invested in ten different companies, created over 75 jobs, and currently represent a portfolio worth over $70M. Check out their Boston investment that pitched at CIC Cambridge in January 2019, and apply for your own funding.