A New Wave of Funding Pacific Northwest Women-led Businesses
With less than 2% of female-founded businesses receiving venture capital funding in 2017, we need to find new ways to secure funding so entrepreneurs can bring their ideas to life. This week, The Skimm closed a $12 million round of Series C funding from mostly female investors, including media moguls Shonda Rhimes, Tyra Banks, and Willow Bay. Mented Cosmetics raised $3 million with lead investor Circle Up Growth Partners, who has a track record of backing early-stage women-owned businesses.
While these funding numbers are impressive, seeking venture capital funding is not the only way to get a business idea off the ground. The Riveter today announced its partnership with iFundWomen to host the iFundWomen Seattle Crowdfunding Platform and Pitch Competition.
As one of the top tech markets in the country, Seattle female entrepreneurs are poised to launch and scale hundreds of businesses in the coming year, and increased funding will allow businesses to successfully scale. iFundWomen Seattle is designed to help the region’s female entrepreneurs raise the capital needed to make their business idea a reality. All female-led businesses in the region are strongly encouraged to apply, and applications will be accepted on a rolling basis. Applicants can register on the iFundWomen Seattle website until June 30.
Businesses selected for the Seattle Cohort receive one-on-one business and crowdfunding coaching while starting their crowdfunding campaigns immediately. Campaigns that are fully funded by September 1, 2018 are eligible to participate in the first-ever iFundWomen Seattle Pitch Competition. This pitch event gives select top-performing crowdfunders a chance to pitch their ideas and raise even more startup capital and visibility for their businesses.
If you’re interested in being a part of iFundWomen Seattle, visit the application website to learn more.