The two national promotional institutions have signed up to a new programme funded by the European Investment Fund aimed at boosting female participation in venture capital and private equity.
The private equity fund will invest in fast-growing SMEs, mainly in North Africa. At least a quarter of the fund’s invested capital is earmarked for women-owned or led businesses.
The 2X Challenge initiative is aiming to push more investment towards empowering women in the workplace, while a key blended finance microfinance project has switched focus to gender-lens investing.
Analysis from European Women in VC, Founders Forum Group and Tech Nation has highlighted the need for more institutional investment into European venture capital.
The Esade Center for Social Impact has published a study on gender strategies in investing, looking at how European investment firms can move from awareness to action.
The fund, supported by several European development finance institutions, will make up to 12 investments, including funding for the Indian microfinance sector.
Managed by Next Billion Capital Partners, the fund plans to invest in local companies driving financial and digital inclusion across emerging markets. Investors at first close include Impact Engine and responsAbility.
The Horizon Capital’s fund has attracted support from a wide range of investors, reflecting a growing recognition of Ukraine’s economic resilience and the key role of private capital in supporting the country’s reconstruction and recovery.
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