FairFunders provides a rate-and-review service for female entrepreneurs looking for investment
by Startacus Admin
New platform FairFunders is on a mission to provide female entrepreneurs with the voice and power to access capital in a safe and inclusive environment.
We recently highlighted a number of Women in Tech communities and platforms which all in one way or another are providing empowerment, inspiration & support to female entrepreneurs, innovators & tech workers. Step forward another addition to this list, FairFunders, a recently launched non-profit organisation, whose mission is to provide female and under-represented entrepreneurs with the voice and power to access capital in a safe and inclusive environment.
Inspired by the recent acts of bravery of women who have shared their experiences of unfair treatment at the hands of a number of venture capitalists and well-established companies, a group of entrepreneurial women (we think a co-founder team of 10) have formed FairFunders, aimed at encouraging accountability in the venture capital sector. 
Fairfunders provides a single online platform for entrepreneurs to rate and review their experiences with investors, and whilst serving not only as a transparent resource of information for entrepreneurs raising capital, will also provide a reliable source of feedback for VC's on how they are perceived by underrepresented founders.
Using FairFunders, entrepreneurs can also locate investors who demonstrate values such as diversity, inclusion, dignity, and respect in their investments and interactions with founders.
Investors will expect to find that FairFunders encourages professionalism and a diverse investment portfolio by highlighting those with the best reviews, and provides the feedback necessary to establish new industry guidelines for professional behaviour towards founders.
Kiki Mwiti, founder of Globerly and a FairFunders co-founder, explained, “We want to incentivize correct behaviour and establish best practices. How else would we be catalysts for the equal treatment of our generation of innovators seeking funding, if we didn’t answer our industry’s call-to-action and create a system where we are treated fairly?”
“Each investor plays a huge role in shaping the future of a company, so without information, founders are walking into these relationships blind,” says co-founder Amy Wang (founder of ReHarvest), “FairFunders hosts that information.”
FairFunders is building their list on the YouMeWho platform, a startup also founded by two women, Vivienne Lee and Luping Lin. It is a perfect fit, as YouMeWho’s mission is to let people create actionable lists from comprehensive data sources. In this case, the actions are feedback and rating, and the data source is investors.
“The situation for females and minorities raising funding is difficult for a variety of reasons, and a definite link between culture and environment. I joined in co-founding FairFunders to make a difference, and get more great companies access to the networks and finance they need to bring their ideas to fruition,” says Nuala Murphy, co-founder and advisor to FairFunders, founder of Moment Health, and Regional Leader with the Sheryl Sandberg and Dave Goldberg Family Foundation Leanin.org.
Fellow co-founder of FairFunders and a previous Y Combinator alumna Samantha Friedman also said, “Many people are telling us they see the value in FairFunders’ mission, and I believe we will have a lasting positive impact on the fundraising environment for underrepresented founders everywhere.”
FairFunders also have plans to add accelerators and venture capital (VC) firms, to the platform in the future, and to provide a space for candid and productive conversations about sustainable diversity and inclusivity to be fostered.
High fives all round from team Startacus and we look forward to seeing how this rate-and-review platform develops.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
.jpg)
Carbon marketplace experts JustCarbon urge businesses to consider carbon credits to offset carbon emissions now or to bank them while market prices are low.
 (1).png)
The UK’s fastest-growing plant-based meat brand, THIS™ set to launch Seedrs campaign to support further innovation, bold marketing and international expansion.
New mentorship programme aims to enable Hootsuite employees to shed light on their lived and sector experience and support BYP Network members’ career development.
CropSafe, a platform revolutionizing the future of farming, announce that they have raised over $3M in seed funding and have opened U.S. headquarters in Los Angeles.
Voicy, the online content platform for discovering, creating and sharing sound-clips and sound-effects secures investment to support team expansion and global growth.
.jpg)
Career Masterclass has launched a new website to showcase its offerings, as a strategic partner for businesses wanting to bolster D&I policies.
NI Startup? Fancy showcasing your startup at this year's Digital DNA event? We've got up to 10 spaces for NI startups to do just that. Here's the details!
Germany's leading digital solar platform, Zolar secures major investment to support roll out of new digital energy products.
Metro Bank seeks startups and scaleups with a focus on customer experience, community banking, optimisation of systems & data and sustainability for its second innovation lab.
Need a little extra motivation to get your daily step count up? Treekly will help you do your bit for the climate crisis with every step you take...
Published on: 1st September 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Voicy lands €1.2 million pre-Seed from Global Founders Capital to build the GIPHY for sound 20th May 2022 Voicy, the online content platform for discovering, creating and sharing sound-clips and sound-effects secures investment to support team expansion and global growth.
- Zolar Lands €100 Million Series C On The Back Of Surging Demand For Affordable Green Energy 19th May 2022 Germany's leading digital solar platform, Zolar secures major investment to support roll out of new digital energy products.
- Metro Bank opens call for participants for second Magic Makers programme 17th May 2022 Metro Bank seeks startups and scaleups with a focus on customer experience, community banking, optimisation of systems & data and sustainability for its second innovation lab.
- Storyblok Raises $47M Series B to Make Headless Content Management the New Standard 17th May 2022 Storyblok secures major investment to further accelerate product innovation and growth into the US and Europe.
