Hannah Swinson’s Post

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Senior Account Manager at Fieldhouse Associates

It’s been really interesting to see the debate around Flo’s record $200m funding this week 💰 As a femtech company founded by men, led by men, and funded by men, it’s no surprise that the news that Flo is the first women’s health app to achieve unicorn status has raised concerns about the lack of funding received by women-led businesses. Female-founded startups account for 2% or less of VC funding - making raises such as Grace Beverley’s TALA's recent £5m round all the more important. We were at risk earlier this year of cutting out a huge number of female angel investors with the push to increase the threshold to be a HNWI - and we know that female investors are more likely to invest in female-founded companies. So what does the news from Flo represent? There’s an argument to be made that investors who see health startups such as Flo securing such a significant investment might lead to attitude shifts in the wider market. And we need more money injected into women’s health - so if this is happening, does it really matter who is leading the charge? Is it actually a good thing for men to be engaging in women’s health? Ultimately, the news demonstrates that we still aren’t seeing enough female-founded businesses gaining investment - and that needs to change. But, anything that furthers investigation into women’s health can’t be a bad thing - right? Abbianca Nassar née Makoni wrote a great piece about the debate in UKTN I felt highlighted the debate well 👇

Is male-founded Flo’s record $200m funding a win for femtech?

Is male-founded Flo’s record $200m funding a win for femtech?

https://www.uktech.news

Marci Whittingham

National Management Trainee I Impact: The Local Government Graduate Programme

5mo

A really thought-provoking soundbite here Hannah 👏

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