Female Invest, the London-based fintech platform dedicated to women’s financial education, has successfully closed its Series A funding round with an impressive €10.3 million raise. The investment round, which concluded in July 2024, positions Female Invest as a pioneering force in the finance app space, aiming to become the largest app for women in the industry.
The significant funding boost includes €9.4 million from leading venture capital funds Educapital and Rubio, complemented by an additional €900,000 from a groundbreaking crowdfunding campaign on Seedrs. This campaign not only set new records, such as gathering over 12,000 pre-registrants and raising €900,000 in just four minutes, but also achieved the highest percentage of female investors in any crowdfunding effort at 94%. This success is especially noteworthy given the broader funding landscape where less than 2% of venture capital goes to female-led ventures.
Founded in 2019 by Emma Due Bitz, Camilla Falkenberg, and Anna-Sophie Hartvigsen, Female Invest was created to address the glaring gender gap in financial literacy and investment opportunities. The co-founders, all in their early thirties, were inspired by their own experiences at finance events where women were noticeably underrepresented. Their efforts have been recognised through participation in the prestigious Y Combinator accelerator, co-authoring the Sunday Times bestseller “Girls Just Wanna Have Funds,” and inclusion in Forbes’ 30 Under 30 list for finance. The platform has also received endorsements from notable figures such as Hillary Clinton and Emma Watson.
Female Invest’s rapid growth, with a Compound Annual Growth Rate (CAGR) of 240%, reflects its appeal across 120 countries, with 40% of its user base located in the UK. With the new funds, the company plans to expand its services into the US market, enhance its trading options, and scale its operations further.