Female Founders Fund

ActiveVenture Capital

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Updated: Jan 22, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 2, 2026	The Six Bells	$6.2M Venture Round	Female Founders Fund, Lerer Hippeau	Brian Chesky
May 1, 2025	Humanly.io	$7.0M Series A	—	Chingona Ventures, Hyde Park Venture Partners, Zeal Capital Partners
Mar 1, 2025	Certiverse	$11.0M Series A	—	Chingona Ventures, Distributed Ventures, Jenny Fielding, Scott Hartley, Hyde Park Venture Partners, Zeal Capital Partners
Jul 1, 2024	Uplimit	$11.0M Series A	—	Alt Capital, Coatue, Conviction Partners, Cowboy Ventures, Greylock, GSV Acceleration, GSV Ventures, Helion Venture Partners, Innovation Endeavors, Lightspeed Venture Partners, Mayfield, Outcast Ventures, Pale Blue Dot, Salesforce Ventures, Greg Brockman, Rob Bernshteyn
Jul 1, 2024	VARM	$6.0M Seed	—	A/O PropTech, Atomico, eFounders, Foundamental, Roni Hiranand, Northzone, Pale Blue Dot, Point Nine Capital, Salesforce Ventures, Seedcamp, Unconventional Ventures, Adam Wiggins, Jonathan Widawski, Nicolas Steegmann, Omid Ashtari, Ralph Gootee, Thibaud Elziere
May 1, 2024	Mother Science	$4.0M Seed	—	Greycroft, Long Journey Ventures, Drew Houston
Jan 1, 2024	Stell	$4.0M Seed	—	Banter Capital, DN Capital, Greycroft, Initial Capital, LightShed Ventures, London Venture Partners, Long Journey Ventures, MMC Ventures, Drew Houston, Frank Sagnier, Paul Heydon
Nov 1, 2023	Amini	$4.0M Seed	—	Acadian Ventures, Accel, Andreessen Horowitz, Bedrock Capital, Bling Capital, BoxGroup, Cambrian Ventures, Climate Capital, Connect Ventures, Conversion Capital, Emergence Capital, Forum Ventures, Highland Capital Partners, Indeed.com, Kearny Jackson, M34 Capital, monashees, Pale Blue Dot, Salesforce Ventures, Slack Fund, SNR, Solana Ventures, SV Latam Fund, TY, Ulu Ventures, Abhay Kumar, Eric Nadalin, Garrett Koehn, Gokul Rajaram, Sam Altman
Sep 1, 2023	Slope	$30.0M Series A	—	Abstract Ventures, Kevin Hartz, Alt Capital, Andreessen Horowitz, Bain Capital Ventures, C2 Investment, Conviction Partners, Crowberry Capital, Felix Capital, foobar.vc, Framework Ventures, General Catalyst, Global Founders Capital, Gradient Ventures, Greycroft, Greylock, GSV Acceleration, Index Ventures, Kepler Operator’s Fund, Lerer Hippeau, Lightspeed Venture Partners, Long Journey Ventures, Luminar Ventures, Lux Capital, Maven Ventures, monashees, Motier Ventures, Niu Ventures, Pantera Capital, Paradigm, Pareto Holdings, QED Investors, Saga, Sarah Smith Fund, Sarona Ventures, Seed Club Ventures, Sweater Ventures, Union Square Ventures, Village Global, Y Combinator, Aaron Levie, Arash Ferdowsi, Balaji Srinivasan, Charles Gorintin, Charlie Cheever, Christina Cacioppo, Drew Houston, Dylan Field, Eric Wu, Frederic Kerrest, Jawed Karim, Jean Charles Samuelian, Jeremy Yap, John Collison, Julia Hartz, Mark Cuban, Mathilde Collin, Nicolas Brusson, Rob Bernshteyn, Romain Niccoli, Sahil Lavingia, Sam Altman, Stanley Tang, Tim Griffin, Tobias Lutke, William Hockey
Nov 1, 2022	Arey	$4.0M Seed	—	gener8tor, Serena Ventures, Halle Tecco
Oct 1, 2022	Mother Science	$6.0M Seed	—	Accomplice, Amazon Alexa Fund, Gutter Capital, Innovation Endeavors, Interlace Ventures, Long Journey Ventures, Primetime Partners, StartHer, Anne Wojcicki, Arash Ferdowsi, Kyle Vogt, Trevor McFedries, Whitney Wolfe Herd
Jun 1, 2022	Summer	$14.0M Seed	—	Abstract Ventures, Core Innnovation Capital, Foundation Capital, MUFG Innovation Partners, Hans Tung, Outcast Ventures, Penny Jar Capital, QED Investors, Union Square Ventures
Jun 1, 2022	ScienceMagic.Studios	$10.0M Seed	—	AlleyCorp, Balderton Capital, Felix Capital, Hiro Capital, January Ventures, NFX, Speedinvest
Mar 1, 2022	Lillii RNB	$4.0M Seed	—	gener8tor, Serena Ventures, Halle Tecco
Jan 1, 2022	Sagewell Financial	$5.0M Seed	—	Primetime Partners, Anne Wojcicki
Nov 1, 2021	Netlify	$110.0M Series D	—	AllerFund, Alt Capital, Andreessen Horowitz, Arrive, Ascend Vietnam Ventures, Atomico, Basis Set Ventures, BCF Ventures, Benchstrength, Bessemer Venture Partners, Bond, Brighter Capital, Coatue, Converge Venture Partners, Craft Ventures, CRV, Defy Partners, Dimension Capital, Felicis Ventures, Fitz Gate Ventures, Flybridge Capital Partners, Greycroft, IVP, Jazz Venture Partners, Khosla Ventures, Kleiner Perkins, Liquid 2 Ventures, M13, Mango Capital, Hans Tung, Outcast Ventures, Owl Ventures, Peterson Partners, Red Swan Ventures, RTP Global, Salesforce Ventures, SciFi VC, Sinai Ventures, Soma Capital, Theory Ventures, Thirty Five Ventures, Adrian Aoun, Andreas Ehn, Andre Iguodala, Arash Ferdowsi, Augusto Marietti, Bernard Arnault, Claire Hughes Johnson, Frederic Kerrest, Gunnar Lovelace, Jenna Hannon, Marc Benioff, Mathilde Collin, Nick Green, Nicolas Berggruen, Sahin Boydas, Sujal Patel, Theresa Johnson, Tony Xu, Yash Sandesara
Nov 1, 2021	H1.co	$100.0M Series C	—	AllerFund, Ardent Venture Partners, Broadway Angels, Dimension Capital, Felicis Ventures, FJ Labs, Flex Capital, Footwork, Granatus Ventures, Greycroft, IVP, Jazz Venture Partners, Kleiner Perkins, Lux Capital, M13, Menlo Ventures, Owl Ventures, Social Starts, Spark Capital, SpringTime Ventures, Thirty Five Ventures, Tiger Global Management, Trajectory Ventures, Transformation Capital, Adam D'Angelo, Adrian Aoun, Alice Zhang, Andre Iguodala, Charlie Songhurst, Elliott Cohen, Gunnar Lovelace, Marc Benioff, Marek Olszewski, Nick Green, Nicolas Berggruen, Russell Fradin, Russ Fradin, Yash Sandesara
Nov 1, 2021	PadSplit	$21.0M Series B	—	Abstract Ventures, Core Innnovation Capital, Foundation Capital, Hans Tung, Outcast Ventures, Penny Jar Capital, Ansaf Kareem
Oct 1, 2021	GridRival	$3.0M Seed	—	Crosscut Ventures, KB Partners, Sharp Alpha Advisors
Oct 1, 2021	Unlock	$2.0M Seed	—	20VC, Accel, ActivumSG, AlleyCorp, Alumni Ventures, Alven, AngelList Syndicator, Arrive, Ascend Vietnam Ventures, Atomico, Balderton Capital, Broadhaven Capital Partners, CapitalX, CFV Ventures, Cherry Ventures, Coalition Operators, Coatue, Cubit Investments Ltd, Day One Ventures, Far Out Ventures, Felix Capital, FirstMark Capital, Fortino Capital, GAMEGROOVE Capital, General Catalyst, Global Founders Capital, Greenoaks Capital, Hiro Capital, Index Ventures, January Ventures, Kima Ventures, La Famiglia, Lightspeed Venture Partners, Lionheart Ventures, Logos Labs, Long Journey Ventures, Luv Ventures, Mercato Partners, Meritech Capital Partners, NFX, Northzone, Not Boring Capital, Pareto Holdings, Picus Capital, Pioneer Fund, Point Nine Capital, Prototype Capital, Rebel Fund, Redpoint Ventures, RTP Global, SeaX Ventures, #SecretFund, sequel, Spark Capital, Speedinvest, Stellar Capital, Stride VC, The Refiners, TrueSight Ventures, Uncork Capital, Union Square Ventures, XAnge, Anselm Bauer, Antoine Martin, Azeem Azhar, Benjamin Guenther, Calvin Chu, Chris Murphy, Christian Reber, Cristina Cordova, David Mytton, Fareed Mosavat, Frederic Montagnon, Gokul Rajaram, Guillaume Luccisano, Guy Podjarny, Ian Hogarth, Jan Deepen, Job Van Der Voort, Johnny Boufarhat, Julian Shapiro, Julien Romanetto, Koen Bok, Marc McCabe, Martin Li, Max-Josef Meier, Nick Caldwell, Nicolas Steegmann, Paul Forster, Paul Yacoubian, Richard Fearn, Sahin Boydas, Scott Belsky, Sebastian Schuon, Sebastien Borget, Simon Dawlat, Stefan Jeschonnek, Thibaud Elziere, Youcef Es-skouri
Oct 1, 2021	Magnus Medical	$25.0M Series A	—	AllerFund, Brandon Capital Partners, Canaan Partners, Greycroft, IVP, Jazz Venture Partners, Kleiner Perkins, M13, Owl Ventures, Red Tree Venture Capital, Thirty Five Ventures, Adrian Aoun, Andre Iguodala, Gunnar Lovelace, Marc Benioff, Nick Green, Nicolas Berggruen, Yash Sandesara
Sep 1, 2021	Humanly.io	$4.0M Seed	—	Chingona Ventures, Hyde Park Venture Partners, Zeal Capital Partners
Aug 1, 2021	Anthill	$3.0M Seed	—	Ascend Vietnam Ventures, BBG Ventures, Jenny Fielding, Scott Hartley, Hans Tung, Robin Li, Origin Ventures, Rethink Education, SoGal Ventures, Village Capital
Aug 1, 2021	HUED	$2.0M Seed	—	AlleyCorp, Balderton Capital, Felix Capital, Hiro Capital, January Ventures, NFX, Serena Ventures, Speedinvest, Michael Rapino
Jul 1, 2021	Keen Games	$10.0M Series B	—	AlleyCorp, Balderton Capital, Felix Capital, Hiro Capital, January Ventures, NFX, Speedinvest

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Female Founders Fund.

Leadership Team

Key people at Female Founders Fund.

Deep Dive

High-Level Overview

Female Founders Fund (FFF) is an early-stage venture capital firm dedicated exclusively to investing in technology companies founded by women. Its mission is to support exceptional female entrepreneurs who are building category-defining businesses, driven by the belief that women will create the companies of tomorrow. The fund’s investment philosophy centers on talent and market impact rather than gender alone, emphasizing that female-led startups deliver superior returns and innovation. FFF primarily invests in sectors where women-led startups have significant influence, including digital healthcare, AI-first vertical software, beauty and personal care, pet care, and deep tech such as aerospace and robotics. Beyond capital, FFF provides a robust ecosystem of resources, events, and a network of female operators to accelerate founders’ growth and success[1][2][3][6].

Origin Story

Female Founders Fund was founded in 2014 by entrepreneur Anu Duggal, who launched the fund to address the severe underrepresentation of women in venture capital funding. Initially working solo, Duggal brought on co-partner Sutian Dong in 2016 to strengthen the team. The fund was created with two goals: to help more women succeed in business and to demonstrate that investing in female founders is financially sound. Over time, FFF has evolved from focusing mostly on consumer startups to backing companies in frontier sectors like space tech and hydrogen-powered aviation. The fund has raised multiple funds, including a $29 million fourth fund in 2023, bringing total capital under management to $140 million. It has invested in over 70 women-led startups, including notable companies like Maven Clinic (women’s health), Tala (fintech), and Zola (e-commerce)[1][3][4][5].

Core Differentiators

Unique Investment Model: FFF invests exclusively in female-founded companies, focusing on early-stage seed investments with flexibility to lead or co-lead rounds. It prioritizes talent and market potential over gender alone, positioning itself as a competitive fund in the broader VC landscape[1][2][6].
Network Strength: The fund has built a strong ecosystem of female founders, investors, and operators, hosting annual events and leveraging a network that sources much of its deal flow internally. High-profile limited partners include women-led investment firms and foundations, enhancing its influence and reach[4][5].
Track Record: FFF has backed category leaders across diverse sectors, demonstrating that female-led companies generate 2.5 times more revenue per dollar invested compared to male peers. It returned its first fund in 2024, underscoring its fiduciary responsibility and performance[4][6].
Operating Support: Beyond capital, FFF offers founders access to resources, mentorship, and a community of female technology leaders to accelerate growth and navigate challenges unique to women entrepreneurs[2][5].

Role in the Broader Tech Landscape

Female Founders Fund rides the trend of increasing recognition of gender diversity as a driver of innovation and financial performance in tech. The timing is critical as women are poised to control $30 trillion in wealth, and female-founded startups are proving their superior ROI. Market forces such as growing consumer demand for products designed by women, advances in AI and deep tech, and a cultural shift toward inclusivity favor FFF’s thesis. By focusing on female founders, FFF influences the broader ecosystem by challenging the status quo of venture capital, promoting diversity, and shaping future technology landscapes with more equitable representation[3][5][6].

Quick Take & Future Outlook

Looking ahead, Female Founders Fund is positioned to expand its influence by continuing to raise capital and deepen its ecosystem, potentially scaling beyond seed-stage investments. Trends such as AI-driven vertical software, digital healthcare innovation, and frontier technologies will shape its portfolio. As more female founders build category-defining companies, FFF’s role as a catalyst for diversity and innovation in venture capital will likely grow, reinforcing its founding belief that investing in women is both a social imperative and a smart financial strategy[4][6]. The fund’s continued success will contribute to a more inclusive and dynamic tech industry, fulfilling its mission to fund the future through exceptional female talent.

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: FFF invests exclusively in female-founded companies, focusing on early-stage seed investments with flexibility to lead or co-lead rounds. It prioritizes talent and market potential over gender alone, positioning itself as a competitive fund in the broader VC landscape[1][2][6].
Network Strength: The fund has built a strong ecosystem of female founders, investors, and operators, hosting annual events and leveraging a network that sources much of its deal flow internally. High-profile limited partners include women-led investment firms and foundations, enhancing its influence and reach[4][5].
Track Record: FFF has backed category leaders across diverse sectors, demonstrating that female-led companies generate 2.5 times more revenue per dollar invested compared to male peers. It returned its first fund in 2024, underscoring its fiduciary responsibility and performance[4][6].
Operating Support: Beyond capital, FFF offers founders access to resources, mentorship, and a community of female technology leaders to accelerate growth and navigate challenges unique to women entrepreneurs[2][5].