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“Women investors tried hard to support us, but they faced their own discrimination within their firms,” she said. No one would lead the round until the two women approached Montage Ventures. It has a track record of investing in early-stage healthtech firms as well as in female-founded companies.
BlueCross BlueShield Venture Partners led funding for their Series A round. When the duo was raising money, they were accepted into Endeavor, a global accelerator program supporting 1,911 entrepreneurs leading 1,195 companies in 34 markets around the world. It’s fund, Endeavor Catalyst, also invested in the Series A as did other funds.
It is not just financial capital that Endeavor provides. It also provides social and human capital. Human capital is the education, experience, and skills that impact a company’s performance. Social capital includes the people who use their clout to open doors to investors, major potential clients, or referrals to top talent. If women entrepreneurs had equal access to social and human capital, they would add up to $5 trillion to the global economy, according to the Global Entrepreneurship Monitor; World Bank; BCG analysis.
Read article in Forbes
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