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Female Invest raises £8.7m for women-focused financial platform
Female Invest, a fintech company that aims to empower women through accessible financial news and a subscription-based community, has announced the closing of its $11.2 million (£8.7 million) Series A funding round.
In addition to being an educational platform, Female Invest also offers practical worksheets to help users gain an overview of their own financessavings and investment portfolios.
The platform, which claims to have more than 73,000 paying members across 123 countries, has secured $10.2 million led by venture capital funds Educapital and Rubio.
The company then launched a crowdfunding campaign exclusively for its members on Seedrs, which raised an additional $1 million.
Based in Copenhagen and London, Female Invest will use the funds to accelerate its expansion in the US and integrate investment services into its platform.
The idea for Female Investment was inspired by the experiences of its founders Emma Due Bitz, Camilla Falkenberg and Anna-Sophie Hartvigsen. Together, they came together to create a platform to address the gender gap in investing and savings.
Falkenberg said: “We are absolutely amazed that our community invested $1 million in just four minutes, especially considering we had a limit on how much each member could invest.
“Our members have been asking for a crowdfunding campaign for years, so we knew the demand was there, but we anticipated it would take at least a few days to fill the round.”
In 2022, the company acquired investment platform Gaia Trading. The founders previously said that this move will mean Female Invest can offer investment services to its users alongside its educational platform.