$5m raised for female founder fund

Lauren Fong (far left) and members of the Icehouse team. (Image: supplied)

Wed, 06 Apr 2022

ArcAngels, the fund part of venture capital firm Icehouse Ventures that invests in women-led start-ups, has raised $5 million of a $20m target.The ArcAngels Fund II is part funded by former Telecom chief executive Theresa Gattung, Vend co-founder Mel Roswell, and Stephen Tindall’s K1W1. It aims to fund up to 50 female-founded companies in the next four years.Gattung said the amount of money going to women raising capital in New Zealand is “tiny”.“This needs to change, and it is really exciting to back women entrepreneurs...

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