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The Better Fund is a venture capital organization established to support female founders in Europe. It was created in response to the significant funding gap that women-led startups face, which secured only 1% of capital in 2023. The organization aims to provide female entrepreneurs with access to capital, networks, and a clearer understanding of the fundraising process. The Better Fund is committed to making venture capital more transparent and to empowering women in the industry.
While specific quantitative data regarding fund size, team size, or portfolio count is not available, the organization is known for its focus on gender equity in venture capital. The Better Fund operates primarily in the BaltiNordics region, which includes the Baltic states and Nordic countries, and it also extends its reach to central and eastern Europe. The organization has been recognized on various curated lists of female founder venture capital firms, highlighting its commitment to supporting women-led innovation.
The Better Fund invests in women-led innovation across a variety of sectors, including technology, wellness, environment, and education. Although the organization is industry agnostic, it places particular emphasis on emerging technologies, health tech, mental health, cleantech, greentech, and digital learning. The Better Fund seeks to support female founders at different stages of their business development, from seed to early-stage investments.
The organization’s investment strategy is designed to address the funding gap faced by women-led startups in Europe. The Better Fund actively promotes transparency in the venture capital process, ensuring that female entrepreneurs have the necessary resources and knowledge to navigate fundraising successfully. This approach not only supports individual startups but also contributes to a broader movement towards gender-balanced teams in the venture capital space.
Liina Laas, Partner at The Better Fund, has a background in venture capital and a strong commitment to supporting female entrepreneurs. She has been instrumental in shaping the fund's investment strategy.
Jana Budkovskaja, Partner, brings extensive experience in startup development and has a keen interest in emerging technologies.
Krista Meinarde, Partner, focuses on health tech investments and has a background in healthcare innovation.
Saniya Vardak, Partner, specializes in environmental and cleantech sectors, advocating for sustainable business practices.
Liisi Org, Partner, has a strong focus on digital learning and education technology, supporting startups that aim to enhance learning experiences.
Andrea Maggi, Partner, rounds out the team with expertise in technology investments and a commitment to gender equity in venture capital.
To pitch to The Better Fund, founders should utilize the contact information available on their website. A well-structured pitch deck is essential, highlighting the business model, market opportunity, and the impact of the innovation. While specific application forms are not mentioned, a clear and concise presentation is crucial.
Founders should expect a response time that varies depending on the volume of inquiries. Warm introductions may enhance the chances of receiving a timely response, as the organization values connections within its network.
What are the investment criteria for The Better Fund?
The Better Fund specifically targets women-led startups across various sectors, including technology, wellness, environment, and education. The organization emphasizes emerging technologies and health-related fields, seeking to invest in innovative solutions that address significant challenges.
How can founders apply or pitch to The Better Fund?
What makes The Better Fund different from other venture capital firms?
The Better Fund is distinct in its commitment to supporting female founders and addressing the funding gap they face. The organization focuses on transparency in the venture capital process, providing female entrepreneurs with access to capital and networks that are often lacking in traditional funding environments.
What is the geographic scope of The Better Fund?
The Better Fund primarily operates in Europe, with a specific focus on the BaltiNordics region and central and eastern Europe. This geographic focus allows the organization to address the unique challenges faced by female founders in these areas.
What type of post-investment involvement does The Better Fund have?
While specific details about post-investment involvement are not provided, The Better Fund aims to empower female entrepreneurs by offering support and resources that help them navigate the fundraising process and grow their businesses.
What is the typical check size for investments made by The Better Fund?
Information regarding specific check sizes is not available. However, The Better Fund focuses on seed and early-stage investments, which typically involve smaller amounts of capital compared to later-stage funding rounds.
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