More women in the United Kingdom are starting businesses, according to a government-commissioned review. The Rose Review found that in 2022, 150,000 companies were started by women, double the number from 2018. However, female-led businesses still face challenges in raising equity finance. Only 3.5% of Venture Capital went to British businesses led by women in the first half of 2023, compared to 85% directed to male-led firms. To address this funding inequality, entrepreneur Emma Sinclair is partnering with crowdfunding platform Crowdcube to encourage more women to become angel investors. The initiative, called Be My Angel, will allow investors to support startup and scaleup companies led by female entrepreneurs. Sinclair believes that increasing the number of female angels can help solve the underfunding problem faced by female-led businesses. She aims to make angel investing more accessible and inclusive, challenging the perception that it is only for the wealthy. The initiative will officially launch on International Women’s Day.
Source: bing.com
