Fund F funding news – Vienna-based Fund F Closes First Fund at €28Million

The European Investment Fund (EIF) contributed €10M, along with institutional investors, founders, and business angels, a third of whom are women.

It plans to invest around €300,000 in 25 early-stage European startups with at least one female co-founder, who must have equal ownership.

They also plan to reserve 60% of the fund for future investments and aim to lead 30% of their portfolio companies. Since its first closing, it has made 14 investments, including in senevo, KOA Biotechnology, AI-BOB, Sirius, and Cordon Technologies.

Fund F’s cofounder Nina Wöss to Sifted said, “We often talk about the importance of gender diversity when it comes to founders and VC investment decisions, but diversity among LPs is just as critical. It shapes how capital is allocated, what opportunities are prioritised, and who gets to build the companies of the future,”.

Through its partnership with Female Founders, the organization has become a leading platform for women in tech and innovation in Europe, reaching over 60,000 people.

Based in Vienna, a hub for female entrepreneurship, its goal is to promote diversity and inclusion in Europe’s tech industry.

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The venture capital fund is backed by InnovFin Equity and receives support from the European Union’s Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI), part of the Investment Plan for Europe.

About Fund F

Fund F invests in various sectors but focuses on ClimateTech, FemTech & HealthTech, FinTech & InsurTech, and HR Tech. The companies it supports must have digital business models that can grow, make a profit, and promote equality in their workplaces.