True Wealth Ventures closes women-focused fund

The Austin-based investment firm raised $19.1 million, which it will use to back women-led health tech ventures and sustainable consumer brands. The founders cite high performance of women-run startups, lack of VC funding for women entrepreneurs and women’s overwhelming influence in consumer purchasing and healthcare decision making as reasons for launching the fund. (We know of

Saudis pledge first $100 million for World Bank facility for women entrepreneurs

Expect to hear more about the Women’s Entrepreneurship Facility before the G-20 meeting in July, where World Bank President Jim Yong Kim wants to announce a $1 billion raise. Ivanka Trump initiated discussions with Kim about the fund, which also has the support of Germany’s Angela Merkel. That Saudi Arabia is contributing to the fund’s first

1776 in New York City launches incubator for startups by women, for women

With its headquarters in Washington, D.C., and additional sites in Dubai, New York City and San Francisco, 1776 supports startups in government-dominated markets (think education, energy, health, transportation). With the Kate Spade Foundation, 1776’s Brooklyn-based affiliate is launching a new program that will support startups led by women entrepreneurs that are solving challenges faced by

Karnataka launches “proof of concept” fund for women entrepreneurs

Karnataka has launched a “proof of concept” fund for women entrepreneurs. The state in southwestern India, home to tech hub Bangalore, created Idea2POC — for proof of concept — to help female innovators prove out their concepts, get certified and pilot their manufacturing processes. The Rs 10 crore ($1.5 million) fund is part of the state’s $333 million initiative