This article takes a look at the trend that is becoming more prevalent: trying to level the field for female entrepreneurs. Scale is a woman-centric investing group in Australia which is not only primary made up of female investors, but which is seeking out female startups in need of investment funds. It would be nice to see this particular group expand internationally It seems that this is sorely needed elsewhere.
Scale: Female-focused angel investor network
Scale investors, an angel investor network dedicated to funding start-ups with female executives, will this week induct their first 20 investors after launching in early July.
Scale was founded by entrepreneur and investor Carol Schwartz, Ernst & Young partner Annette Kimmitt, entrepreneur Susan Oliver, and investor Laura McKenzie.
All of the founding group have signed on as investors, as have a range of high profile businesswomen including Diana Williams, the founder of Fernwood Fitness, and Jo Fisher, a board director and successful entrepreneur in the recruitment industry
Scale will only invest in companies with at least one woman in a senior executive role with a significant equity stake.
McKenzie told StartupSmart that the new investors were ready to have a serious impact on the lives of female entrepreneurs and the wider start-up community.
“It’s really good for entrepreneurs to have a new group of angel investors who have a wealth of experience and are happy to open up their networks in a market where there is scarcity of capital in Australia,” McKenzie says.
“And we think that’s a good thing for us, because we’ll be able to capitalise on those opportunities when they do appear, and get great returns so money can be recycled and re-invested.”