.gif)
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.
.jpeg)
Raising capital for your business? Oliver Woolley, CEO and co-founder of Envestors shares insights on the real costs of doing just that...
Flexible childcare provider Bubble offering parents and carers in Greater London startups the opportunity to avail of £1000 of free childcare credits.
Small business and still a little unsure about importing and exporting to the EU? Glen Foster, small business director, Xero shares some guidance...
Innovative digital talent sourcing and on-boarding platform Gigged.AI secures investment to support further product development and team expansion
The lowdown on Luminate Medical, the Galway-based startup that has developed an innovative device to prevent hair loss during chemotherapy
SEO should be a vital element of your digital marketing strategy - here's an overview of what it is, why it matters and the potential benefits it can bring
A €40M first fund has just been launched by Lunar Ventures to support the next wave of European DeepTech Software startups
Junk Kouture opens registrations for its 2022 competition and continues its partnership with RTÉ to showcase Ireland's young creatives
Gary Styles, CEO and Founder at sustainability platform Zellar shares his insights on why sustainability matters and what small businesses can do to make a difference.
Business owners and startup founders in NI invited to take part in a survey aiming to review the inclusive nature of entrepreneurship in NI.
Published on: 1st September 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Deeptech software startup fund launched by Lunar Ventures 15th Oct 2021 A €40M first fund has just been launched by Lunar Ventures to support the next wave of European DeepTech Software startups
- London-founded fintech 9fin Raises £8M Series A 13th Oct 2021 Innovative Debt Capital Markets Intelligence Platform, 9fin secures major funding to support its expansion into the US market
- Future of Work and Workplace Solutions sought for all-island Irish Startup Pitch Comp 8th Oct 2021 Showcase your innovative workplace solution at the Work: In Progress startup pitch competition taking place during the Work: In Progress event on 10th November.
- French startup Cala Announces €5.5M Seed Round 6th Oct 2021 Cala's mission to innovate the catering sector continues as it secures funding boost to support expansion of its fully autonomous restaurant chain
