There is a New Opportunity Fund in Town
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Issue # 366?- 31st?January?2023
Do you consider your workplace your family??New data suggests?this perhaps isn't?the best view to have.?All Raise latest CEO is stepping down?and we would really love for you to look at?why emerging and diverse fund managers are outperforming! In other news, learn more about Asian Superfoods in our Founder Spotlight section, the IKEA of Africa and what’s happening in the Private Markets. We also look at a FemTech market map of Southeast Asia, why investors shouldn’t be copycatting when it comes to investing in the Middle East and the new opportunity fund in town.
? InvestHer Founder Directory Spotlight?
Meet the first Asian superfood brand!
Tiffany Leong, Founder of?Bo-yi?is busy making Asian superfoods accessible to everyone. On a mission to become the bridge to Traditional Chinese Medicine and introducing the power of herbs to the world, Tiffany Leong is truly an entrepreneurial force to be reckoned with!
Women Founder?News
How a Health Scare Led Mitchella Gilbert to Raise $1.3M for Her Patent-Pending FemTech Apparel Line?
Necessity is the mother of all inventions and for Mitchella Gilbert, Founder of?Oya FemTech Apparel?launched her athleisure wear line dedicated to women after a minor health scare. This former athlete and product designer raised a $1.3 million oversubscribed pre-seed funding round in the beginning of the year.?The round was led by Sixers Innovation Lab with participation from REI Path Ahead Ventures, R/GA Ventures and Techstars Sports and it’s fair to say Mitchella Gilbert turned her problem into a profit.?
Aruba Capital, a Nigeria-based early-stage growth equity and gender-lens fund recently invested $2.5 million in Nigeria-based?Taeillo, an online furniture e-commerce platform designing and manufacturing furniture by harnessing local resources.?Founder Jumoke Dada is visualising becoming the IKEA of Africa by producing high-quality, and ready-to-assemble furniture pieces at an affordable price.?
Due to the pandemic the use of backend logistics by online retailers accelerated. One of the early spotters of this trend was?Trendsi, provider of?a turnkey e-commerce supply chain SaaS platform who sources products, manages inventory with no minimums, and fulfil orders. The start-up recently raised a $25 million Series A round?in October of 2022.?
Global?Funding News
领英推荐
Discouraging news out of the US as ICYMI, the start-up investing ecosystem recently shared appalling numbers when it comes to the amount of US-based venture capital dollars allocated to women-led start-ups in 2022. 1.9%, that’s the number and this is down from 2.4% in 2021, which was down from 2.7% inn 2020 which in turn is as high as it’s ever been.
A new analysis and market map released by Fermata Singapore, covering the FemTech industry in Southeast Asia note that the market has grown over 70% within the past year. The report explores what solutions have emerged, what’s driving growth and what can be expected in the future. Find out the state of the market in the article cited here.
VCs are charting unknown waters to try and find investment opportunities outside established markets and it seems as if the start-up ecosystems in the Middle East and Africa is where they have set their sights. In Africa, capital invested in start-ups reached a record $3 billion during 2022 according to data in the article cited here. In the Middle East, numbers as high as $15.9 billion were reported and although more investors are increasingly paying attention to these regions, they are still underserved. Global Ventures, a growth-stage, Dubai-based VC firm focusing on start-up ecosystems in the Middle East and Africa are intending to change that.
Investor Insights
There is something amiss in the private markets and it seems as if no one is talking about it. What is it then? Well, it’s the disconnect between the capital start-ups are seeking and what VCs are investing that is causing real issues. The imbalance is impacting valuations, deal terms and the future of start-ups everywhere.
In the article cited here, a new report from Berlin-based non-profit Founderland is charting the different ways in which talent may get excluded from various workplaces.?It’s specifically framed in the context of tech and entrepreneurship, where even simple things like names can be used to discriminate.
Show Me the Money
Cowboy Ventures has turned 10 years old and this Bay Area-based seed-stage focused fund has recently closed on two new funds, bringing the total amount to $260 million in capital commitments. Founded by Aileen Lee, Cowboy Venture’s latest raise is more than all the capital that have been raised across previous funds put together according to the article cited here.