Tech culture has long been a male-dominated ecosystem, but women have been shattering that ceiling for decades.
New data shows significant progress. From 2010 to 2020, the number of women-led VC funds grew from about a dozen to over 300. In 2023 alone, more than 160 women-led VC firms—defined as having at least half of founding partners as women—raised roughly 3.5 billion, up $500 million from 2022, according to Venture Capital Journal.
And through the years, women-led VCs have been pivotal in supporting female founders. From 2016 to 2021, these firms accounted for 28% of deals involving startups with at least one woman founder, compared to 22% for male-only companies.
Women have undeniably earned their place in the VC space. Here are some of the women redefining the ecosystem.
1. The Artemis Fund
- Investment Range: $250K – $1M
- Key Sectors: Fintech, E-commerce, Care Economy
- Stage: Pre-seed, Seed
- Notable Investments: HopSkipDrive, The Mom Project, Trust & Will
- Total Investments: 20+
- Exits: 2+
- Funds Raised: $20M+
About
The Artemis Fund is a venture capital fund on a mission to diversify and modernize wealth. They lead seed rounds for female tech innovators in fintech, e-commerce infrastructure, and care-tech.
Founders
Co-founded by Leslie Goldman, Stephanie Campbell, and Diana Murakhovskaya, The Artemis Fund has made a name for themselves through their work closing the funding gap for women-led startups in the Midwest and beyond.
Learn more on their website.
2. Chingona Ventures
- Investment Range: $100K – $500K
- Key Sectors: Fintech, Healthtech, Consumer Tech
- Stage: Pre-seed, Seed
- Notable Investments: Partake Foods, Kiddo, Aleria
- Total Investments: 20+
- Exits: 2+
- Funds Raised: $15M+
About
Chingona Ventures focuses on diverse founders, particularly women and minorities, investing in early-stage startups with high growth potential. In their own words: “investing in the next generation of badass founders.”
Founders
Founded by Samara Hernandez looks to empower underrepresented founders by advocating for diversity in venture capital and entrepreneurship.
Learn more on their website.
3. SoGal Ventures
- Investment Range: $100K – $500K
- Key Sectors: Healthtech, Femtech, Consumer Tech
- Stage: Pre-seed, Seed
- Notable Investments: Partake Foods, Kiddo, Aleria
- Total Investments: 30+
- Exits: 3+
- Funds Raised: $10M+
About
SoGal Ventures is the first female-led millennial VC firm, focusing on diverse founders. They invest in early-stage startups with global potential, always looking for the “next-gen billion-dollar businesses that unapologetically benefit people, society, and the planet.”
Founders
Co-founded by Pocket Sun and Elizabeth Galbut, their mission is to democratize access to capital for underrepresented founders.
Learn more on their website.
4. Female Founders Fund
- Investment Range: $100K – $1M
- Key Sectors: E-commerce, Healthtech, Fintech
- Stage: Pre-seed, Seed
- Notable Investments: Rent the Runway, Zola, Maven Clinic
- Total Investments: 50+
- Exits: 10+
- Funds Raised: $50M+
About
Female Founders Fund is a seed stage venture fund that invests exclusively in female-founded companies and believes strongly in the exponential power of exceptional female talent.
Founder
Anu Duggal is an advocate for closing the gender gap in VC. With less than 2% of venture capital going towards companies led by women, she aims to drive diversify in the sector.
Learn more on their website.
5. Backstage Capital
- Investment Range: $100K – $1M
- Key Sectors: Fintech, Healthtech, Consumer Tech
- Stage: Pre-seed, Seed
- Notable Investments: Partake Foods, Kiddo, Aleria
- Total Investments: 100+
- Exits: 5+
- Funds Raised: $20M+
About
Backstage Capital focuses on underrepresented startups led by women, people of color, and LGBTQ+ founders across industries. They invest in scalable, venture-backable startups that invest in early-stage startups with high growth potential.
Founder
Arlan Hamilton built a venture capital fund from the ground up—while homeless. As the Founder and Backstage Capital, she is dedicated to reducing funding disparities in tech.
Learn more on their website.
6. Portfolia
- Investment Range: $100K – $1M
- Key Sectors: Femtech, Healthtech, Consumer Tech
- Stage: Pre-seed, Seed
- Notable Investments: Naya Health, Tia, Everlywell
- Total Investments: 50+
- Exits: 5+
- Funds Raised: $50M+
About
As the largest community of women investors in the world, Portfolia creates venture capital funds and backs innovative companies for both returns and impact. They provide support from investors, domain experts, and company builders.
Founder
Trish Costello founded Portfolia with a vision to activate the capital of women to invest in the companies we want in the world.
Learn more on their website.
7. Everywhere Ventures
- Investment Range: 100K?500K
- Key Sectors: Fintech, Healthtech, Consumer Tech, SaaS
- Stage: Pre-seed, Seed
- Notable Investments: Plaid, Ro, The Farmer’s Dog
- Total Investments: 100+
- Exits: 10+
- Funds Raised: $50M+
About
Everywhere Ventures (formerly The Fund) is a global, community-driven venture capital firm that invests in early-stage startups with high-growth potential. They focus on backing founders who are building innovative solutions across diverse industries, with a strong emphasis on inclusivity and accessibility.
Founders
Jenny Fielding and Nicole Glaros, Co-founders of Everywhere Ventures, champion diversity and innovation in tech. They empower underrepresented founders by providing capital, mentorship, and a global network to scale startups.
Learn more on their website.
About the Author: Tess Danielson is a journalist and writer focusing on the intersection of technology and society.
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