A new company and funding platform has been launched with a mission to “discover, fund and support the UK’s best female entrepreneurs from start-ups to established businesses”.
The company founders say it will unearth, fund and support “outstanding female talent in the UK”, as well as offering an attractive option for investors by providing access to “the best female-led businesses at the same time as delivering sophisticated and efficient tax breaks”.
The launch follows recent research that shows companies with women in leadership positions deliver strong returns, yet the majority of funding is directed at male-led companies with only 10% of global venture capital funds directed at female-led businesses.
Co-founder, Debbie Wosskow, also CEO at Love Home Swap, said: “There is some exceptional female business talent in the UK just waiting to be discovered and accelerated. I’ve been on the journey they are making and understand acutely the difference accessing the right funding and support can make, as do our network of angel investors.
“AllBright delivers on two fronts – not only do we get to ‘give back’ investing in and sharing our knowledge with the next generation, but there is also a real financial opportunity for our investors to benefit from the untapped asset class of some of the UK’s best female entrepreneurs.”
Co-founder, Anna Jones, CEO at Hearst Magazines UK, said: “AllBright isn’t just about providing the capital, we understand that for businesses to scale they need the confidence that comes from having access to the relevant skills, technology, knowledge and people. Our combined experience and network means we have the ability to tackle every area a business needs to thrive from the start, super-charging both the companies and their executive teams.”