Global fintech and funding innovation ecosystem

Largest Early-Stage Fintech Fund for Women-led Companies: Anthemis’ Female Innovators Lab

Anthemis | Apr 27, 2023

Anthemis website - Largest Early-Stage Fintech Fund for Women-led Companies:  Anthemis' Female Innovators Lab

Visa and BMO join Barclays and Aviva as Investors in FIL

  • Anthemis, a specialist asset manager that creates value from driving financial systems change, today announced additional investments from institutions including  Visa and BMO for its Female Innovators Lab (FIL) Fund.
    • Anchored by Barclays, with investment from Aviva, the fund now totals $50 million, making it the largest early-stage fintech fund focused on female founders. With this latest raise, the Fund will invest in additional early-stage companies and continue its focus on designing, sourcing, and scaling female-founded embedded finance startups.
  • Launched in 2019 and led by Anthemis’ Global Head of Venture Studio, Katie Palencsar, the FIL Fund actively invests in women-led startups across North America, UK and Europe.
  • One of the earliest asset managers to establish a diversity and inclusion mandate, Anthemis is uniquely suited to lead FIL.
    • Women account for 69% of the people across investments
    • 48% of portfolio company founders are women or people of color
    • 58% of all employees at Anthemis are women

See: 

Venture Capitalists Dislike Women More Than They Like Profit

Work Trends: Employees Feel the Opposite but the ‘Data doesn’t lie’ | Women Leaving Companies at Highest Rate Ever

Andrew Harrison, Head of U.S. Partnerships at BMO:

BMO’s investment in Anthemis’ Female Innovators Lab Fund is aligned with our Zero Barriers to Inclusion strategy, which includes creating economic progress and removing barriers to the inclusion of women and women-owned businesses everywhere.

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