Strategic Investors: Profiles of investors with strategies to consider.
Too little of the money flowing from the male-dominated world of venture capital flows to the women who found some of the world’s most innovative companies. That much is well established. One reason? Less than 10% of decision-making staff at U.S. venture capital firms are women, Axios found earlier this year.
Initiatives aimed at addressing this problem have proliferated in recent years, and one of the latest is the Houston-based Artemis Fund.
Founded by three experienced female venture capitalists in March 2019, Artemis will focus on seed and series funding for female-based firms with novel technologies or business models. Artemis awarded its first $100,000 on April 6 to a firm incubated at the Massachusetts Institute of Technology, Zilper Trenchless, in exchange for a pledge to move to Houston and hire female executives if they close their funding round.