October 26 ,2016 | by Erin O’Neill

UK’s first funding platform for female entrepreneurs is launched

The UK’s first ever crowdfunding platform to support female entrepreneurs has been launched to help tackle the funding gap between female-led and male-led companies.

Launched by Love Home Swap Founder Debbie Wosskow OBE and Hearst Magazines UK CEO Anna Jones, London-based platform AllBright Crowd aims to discover and fund the best female entrepreneurs in the UK and will invest in start-ups, seed stage businesses and established companies.

Support

The platform, which will also include AllBright Angel Network and business education resource AllBright Academy, has received support from a number of business leaders, including Sherry Coutu CBE, Lord Chadlington,and Lord Davies of Abersoch CBE.

The launch of the platform comes after research suggested that male-led companies receive more support than female-led companies when it comes to funding.

AllBright Crowd now aims to close this gap, and will provide support to the UK’s best female entrepreneurs to help make the UK the best place in the world to be a female founder.

Earlier this year, crowdfunding company Indiegogo launched a “ground-breaking” initiative to offer support to female-led crowdfunding campaigns in order to tackle the problem of gender inequality in funding.

Opportunity

Commenting on the new platform, Wosskow said: “AllBright delivers on two fronts – not only do we get to ‘give back’ investing in and sharing our knowledge with the next generation, but there is also a real financial opportunity for our investors to benefit from the untapped asset class of some of the UK’s best female entrepreneurs.”

Erin O’Neill

Erin O’Neill is an LSBF News Writer who reports on small business, careers, technology and education news.

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