On-line angel investing platform Obu has seen its first two female-founded companies shut raises on its platform.
The platform was co-founded by Sarah King and Claire Dunn earlier this 12 months to extend the variety of feminine buyers and join extra female-founded companies to capital.
Six months later, it has efficiently facilitated fundraising for AI-powered personalised mission planning app ProperPlan and femtech ladies’s wellness app MoodyMonth.
“To assist not one however two unimaginable feminine founders on their fundraising journey is a superb privilege. It’s so rewarding to see these really disruptive companies safe funding from angels,” King mentioned.
“The closing of those rounds and figuring out it’ll assist the subsequent stage of progress for these companies demonstrates the real capacity of angel buyers to form the forms of issues that get solved on this planet — proving that extra numerous angels actually does imply extra numerous innovation.”
The funding spherical closed at greater than £290,000 of pre-seed funding for each tech startups.
MoodyMonth raised £105,000 whereas ProperPlan raised £193,000 by way of Obu, closing a complete of £300,000 inside three weeks.
“Obu impressed my very own funding journey from the very starting. It’s true which you could’t be what you possibly can’t see,” ProperPlan founder and CEO Laura Phillips mentioned.
“Obu is getting down to create a extra equal and numerous world – not just for the entrepreneurs who get funded however for the angels who fund us.”
The platform goals to extend the proportion of angel buyers within the UK from the present 14 per cent to 30 per cent by 2030 by connecting eligible female-founded companies to angel buyers — each ladies and allies.
It says it champions “purpose-led startups” that share in its mission to make use of enterprise as a drive for good.
