Astia has launched a USD100m early-stage venture fund aimed at addressing the disparity in funding for companies that include women in founding or executive roles.
“There is a great deal of talk about inclusion and women within venture capital, but VCs need to do what they do best – invest,” says Sharon Vosmek, CEO, Astia. “With this new fund, Astia systematically invests in under-invested, yet out performing companies – where women are rightly in positions of power, equity and influence. Not just because it’s the right thing to do, but because it creates better companies and delivers stronger returns.”
Larry Bettino, Board Chair, Astia and 30 year veteran of the venture capital industry says: “There is simply no excuse for there to be a ten-to-one disadvantage in institutional funding for women-run businesses. Limited Partners should do their part by expecting their VC funds address this issue as well as Astia has.”
Read more/Source: Private Equity wire
