According to TechCrunch, the Female Founders Fund (FFF) has successfully returned its $5.85 million Fund I after 10 years. This achievement positions FFF as one of the few diverse-focused funds to fully return a fund, potentially enhancing the perception of investing in women founders within Silicon Valley. Any future investments and exits from Fund I are expected to be profitable for investors. Many young firms often struggle to return their first funds, making this a notable accomplishment for FFF.
Founded in 2014, the Female Founders Fund aims to support early-stage companies founded by women. Among its notable investments are the healthcare company Peanut, the astrology app Co-Star, and the healthcare unicorn Maven. A year ago, TechCrunch reported that FFF is in the process of raising $75 million for its fourth fund, Fund IV.