Auxxo's €26M Female Catalyst Fund: Boosting Women in European Tech
Auxxo’s Female Catalyst Fund II has secured €26 million, with over 50% of LPs being women. Discover how this fund is driving diversity and innovation in the ...
Key Takeaways
- Auxxo’s Female Catalyst Fund II has raised €26 million, with significant backing from the European Investment Fund.
- Over 50% of the fund’s Limited Partners are women, emphasizing a commitment to gender diversity in venture capital.
- The fund is focusing on Pre-Seed and Seed stage investments in female co-founded startups across Europe.
- Initial investments include Emidat, Resolutiion, and Stanhope AI, each addressing critical industry challenges.
Auxxo's €26M Female Catalyst Fund: A Milestone in Tech Diversity
Auxxo, a prominent European investment firm, has announced the first close of the Female Catalyst Fund II at €26 million. This significant milestone marks a pivotal step in fostering gender diversity and innovation in the European tech ecosystem. The European Investment Fund (EIF) has joined as the anchor investor, underlining the importance of this initiative.
The Power of Diversity in Venture Capital
One of the most notable aspects of this fund is the composition of its Limited Partners (LPs). Over 50% of the LPs are women, reflecting a strong belief in the transformative power of diversity. This composition not only brings a fresh perspective to the investment process but also helps to create a more inclusive and equitable environment for female founders and investors.
Empowering Female Co-Founded Startups
With this second fund, Auxxo is doubling down on its mission to support and unite the strongest female co-founded startups across Europe. The focus is on Pre-Seed and Seed stage investments, providing crucial early-stage funding to innovative companies led by visionary women. This strategy is driven by the belief that diversity fuels performance and innovation.
Initial Investments: Pioneering Solutions
The Female Catalyst Fund II has already made three initial investments, each addressing critical industry challenges:
- Emidat**: Co-founded by Lisa Oberaigner and Florian Fesch, Emidat is revolutionizing environmental data for construction materials and building products. Their innovative approach helps to reduce the environmental impact of construction, a sector that is increasingly under scrutiny for its sustainability.
- Resolutiion**: Founded by Dr. Fayola-Maria Jack, Resolutiion is leveraging artificial intelligence to transform the resolution of commercial disputes. By providing a more efficient and cost-effective solution, Resolutiion aims to streamline the legal process and reduce the burden on businesses.
- Stanhope AI**: Founded by Rosalyn Moran, Stanhope AI is advancing autonomous, real-time machine learning through neuroscience. Their cutting-edge technology has the potential to revolutionize various industries, from healthcare to finance.
Projections and Impact
Projections suggest that the Female Catalyst Fund II could catalyze a 30% increase in the number of successful female-led startups in Europe over the next five years. This influx of diverse talent and innovative ideas is expected to drive significant economic growth and technological advancement.
The Bottom Line
Auxxo’s Female Catalyst Fund II is more than just a financial milestone. It represents a significant step towards a more inclusive and innovative tech ecosystem. By supporting female co-founded startups at their earliest stages, Auxxo is not only empowering women but also fostering a future where diversity and excellence go hand in hand.
Frequently Asked Questions
What is the Female Catalyst Fund II?
The Female Catalyst Fund II is a €26 million investment fund by Auxxo, focused on supporting female co-founded startups in Europe at Pre-Seed and Seed stages.
Who are the key investors in the Female Catalyst Fund II?
The European Investment Fund (EIF) is the anchor investor, and over 50% of the Limited Partners (LPs) are women.
What are the initial investments of the Female Catalyst Fund II?
The initial investments include Emidat, Resolutiion, and Stanhope AI, each addressing critical industry challenges like environmental data, dispute resolution, and machine learning.
How does the Female Catalyst Fund II support diversity in tech?
By focusing on female co-founded startups and having a significant number of women as Limited Partners, the fund promotes gender diversity and inclusion in venture capital and tech entrepreneurship.
What is the expected impact of the Female Catalyst Fund II on the European tech ecosystem?
Projections suggest a 30% increase in the number of successful female-led startups in Europe over the next five years, driving economic growth and technological innovation.
