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Main Enterprise Capital Companies Lengthen Digital Mentoring For Feminine Enterprise Founders To MENA | by Chris Smith | Playfair Capital Weblog


‘Feminine Founder Workplace Hours’ launches throughout MENA — led by Playfair Capital and International Ventures

  • Version VIII would be the largest occasion but with over 400 ladies founders and 150 VCs from throughout the UK, Europe and MENA
  • Over £480m has been raised by corporations attending one of many earlier editions
  • 5,230 mentoring periods for girls founders delivered since October 2019 with assist from Google for Startups, Tech Nation and Phrases + Pixels

London / Dubai, 26 September 2022:

Playfair Capital and International Ventures have in the present day introduced the launch of ‘Feminine Founder Workplace Hours’ throughout MENA — with 150 of the world’s main enterprise capital funds, together with: Atomico, Balderton, Creandum, EQT Ventures, Firstminute, Localglobe, Northzone, Notion and Seedcamp — internet hosting digital mentoring periods for over 400 ladies founders from throughout MENA, the UK and Europe on tenth November 2022.

Launched in London in 2019, Feminine Founder Workplace Hours breaks down boundaries to funding for feminine entrepreneurs, notoriously underserved by the worldwide funding neighborhood. Every founder meets 4 buyers nearly for one hour to debate their know-how and enterprise mannequin, ask for recommendation, pitch for funding or discover a mentor. The founders meet a mixture of native and worldwide buyers to obtain a various perspective on the enterprise they’re constructing and to broaden their community.

Version I at Warner Yard, Playfair Capital’s HQ

The occasion is being hosted by Playfair Capital, with the assist of Dubai-based International Ventures, Tech Nation, Google for Startups and Phrases + Pixels. The earlier seven editions noticed a complete of 5,230 particular person mentoring periods, with 1,307 founders and 200 buyers collaborating. To this point, 32% of founders have gone on to boost £480m of funding after attending an occasion, with success tales together with Apryl, Freyda, HIVED, Vira Well being, Opply, Sixfold Bioscience and SymTerra.

The eighth version is a part of an ongoing and long-term dedication to redress the gender imbalance in fundraising, and contains growth to MENA to interact and assist the subsequent era of ladies founders around the globe.

Chris Smith, Playfair Capital’s Managing Accomplice, commented:

“The underrepresentation of ladies founders in enterprise capital funding is a worldwide drawback. We’re, subsequently, delighted to be increasing the initiative we began within the UK, again in 2019, to MENA. This can be a area stuffed with unbelievable expertise and promise. But, other than a comparatively small variety of pioneers, it’s a area missing the widespread assist required for girls who wish to construct globally vital corporations. This occasion permits us to attach these ladies founders at scale, wherever they’re positioned within the area, to native and worldwide buyers to construct new relationships, discover new mentors and, finally, safe funding.”

Sacha Haider, Accomplice at International Ventures, commented:

“Rising the pipeline of feminine founders has been entrance of thoughts for regional capital allocators for a number of years now, so it’s actually thrilling to see prime VCs from the ecosystem collaborate for the primary version of Feminine Founder Workplace Hours in MENA. Whereas the ecosystem has made essential strides in recent times, with 35% of tech companies being based by feminine entrepreneurs in MENA, there may be nonetheless a number of work to be achieved. Feminine Founder Workplace Hours goals to create entry to capital and construct a neighborhood of buyers for regional feminine founders. Range of management and thought are essential elements shaping the way forward for MENA’s entrepreneurial panorama — feminine founders are a key a part of that.”

Yasmin Almostehy, MEVCA Government Director, commented:

“We’re seeing booming curiosity in feminine founders within the area, and the VC ecosystem is coming collectively on many fronts to launch initiatives that particularly goal feminine founders. IFC analysis has proven that feminine founders within the MENA area obtain lower than 10% of all personal fairness and enterprise capital funding. And it’s time we deal with this with impact-yielding initiatives, similar to this one. We’re joyful to assist Playfair Capital, International Ventures, and the whole ecosystem in contributing to the correction of the gender hole within the area.”

Lauren Nicholson, Tech Nation, commented:

“Founders’ Community is as soon as once more proud to be collaborating within the eighth version of Feminine Founder Workplace Hours. It’s been a privilege to assist assist 1,300+ ladies founders during the last three years to participate within the 5,230 one-to-one mentoring and pitch conferences that Feminine Founder Workplace Hours has facilitated. We’re proud to be part of their start-up journey and are wanting ahead to welcoming the brand new 400+ feminine founders, and women-led groups, who will be a part of us within the November Version and to seeing the place the occasion takes them.

The eighth version can be an opportunity to have fun the continued growth of our Feminine Founder Workplace Hours initiative into new areas, from Europe to the Center East and Northern Africa and to supply extra feminine founders the chance to develop and scale their companies by supporting them on their fundraising journey.“

For extra info and to make an utility to attend the occasion please go to: http://playfaircapital.com/ffoh/

-ENDS-

UK press contact: Nick Braund, Phrases + Pixels. nick@wordsandpixels.co / 07766 015 256

MENA press contact: Johanna Lawson-Dick, Thoburns. j.lawsondick@thoburns.com / 07539 031 841

Notes to Editors:

About Playfair Capital

Playfair Capital is an early-stage fund that commits to corporations early and with conviction. Based mostly in London, Playfair combines the very best facets of angel investing with a targeted fund, to spend money on actually bold founders, wherever they’re on this planet. Playfair takes a sector-agnostic method and investments span deep tech, SaaS, marketplaces and B2B corporations. We’ve backed the founders of greater than 70 corporations together with Mapillary (acq. Fb), CryptoFacilities (acq. Kraken), Omnipresent, Orca AI, Ravelin, sprout.ai, Thought Machine, Trouva and Vinehealth.

About International Ventures

International Ventures is a world enterprise capital agency, investing in founders and concepts scaling throughout the Center East and Africa. International Ventures backs global-minded founders which can be main growth-stage corporations and utilizing know-how to remodel rising markets and the world. Portfolio corporations embody: Abhi, Altibbi, Improve Health, Hive, Helium Well being, Paymob, Proximie, Pyypl, Crimson Sea Farms, Sympl, Tarabut Gateway, Crew Apt, and Zid.

Extra info will be discovered at https://www.world.vc/

About Tech Nation

Tech Nation fuels the expansion of game-changing founders, leaders and scaling corporations to allow them to positively rework societies and economies. We offer them with the teaching, content material and neighborhood they want for his or her journey in designing the longer term. Our present mission is to unlock the expansion potential of 1000 scaling tech management groups throughout the UK by 2022. We wish to contribute to a future during which anybody with imaginative and prescient and drive can entry the talents and assist wanted to succeed as a game-changing chief.

About Google for Startups

Google for Startups works to degree the enjoying area for startup founders and communities to succeed by bringing the very best of Google’s merchandise, connections, and greatest practices to startups. Paired with a deep dedication to create numerous startup communities, a lot of our choices are designed particularly to supply underrepresented founders with entry to sources and alternatives. We assist startups all over the place to construct one thing higher. As a result of when startups succeed, all of us succeed.

About Phrases + Pixels

Phrases + Pixels is a London-based PR company that specialises in working with Europe’s main scaleups. Sector agnostic, W+P companions with revolutionary manufacturers aiming to disrupt their trade in the course of the essential hyper-growth interval.

Having labored with the likes of Lime, AirBnB, Again Market and lots of different startup success tales, W+P’s crew is uniquely targeted on producing influence that makes a distinction to corporations constructing for fulfillment.A bootstrapped three-year previous enterprise itself, W+P introduced over £1 billion in funding in 2022, and was named Small PR Consultancy of the 12 months.

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