Female Founders Alliance (FFA), a business-accelerating network for female founders of venture scale companies, today announced eight startups selected to participate in Ready Set Raise, a national pitching and fundraising program designed to help female founders secure venture financing.
The startups focus on areas including augmented reality, blockchain, artificial intelligence, legal services and finance. To participate in the program, each company needs at least one C-level female founder.
“Ready Set Raise is designed to break the barriers that prohibit female-led startups from participating in accelerators, and we’re thrilled Trilogy is making a substantive contribution to make this promise real,” said FFA CEO Leslie Feinzaig. “The inaugural cohort is a world-class group of leaders who are going to change the world. It is our privilege to fuel their journey.”
The program kicked off on August 29 and culminates with private investor pitches on September 27. Trilogy Equity Partners, an early stage venture capital firm, is subsidizing all program fees. Trilogy’s commitment, combined with virtual programming and free childcare, make Ready Set Raise the most accessible program of its kind in the country for female founders.
The participating startups include
- Chanlogic (Seattle, WA): Global SaaS product for eCommerce channel managers.
- Esq.Me Inc. (New York, NY): A document marketplace for lawyers, by lawyers.
- Future Sight AR (Houston, TX): Augmented reality for engineering, procurement, and construction companies.
- geeRemit (Raleigh, NC): Leverages blockchain to power remittances to Africa.
- Magic AI (Seattle, WA): Artificial intelligence for livestock care.
- MoxieReader (New York, NY): Improves child literacy through technology.
- Pandere Shoes (Anchorage, AK): Expandable shoes for people with foot and health challenges.
- Zeta Help (San Francisco, CA): A financial support platform for millennial couples.
Female Founders Alliance won’t take equity from companies participating in the program. However, it plans to ask for a warrant to invest in each company. Warrants traditionally give the holder the right to buy stock at a fixed price.
With the new initiative, Female Founders Alliance joins a growing list of accelerators, incubators and boot camps designed to help women land startup investments.