# Female Founders Fund

Female Founders Fund is a Private Equity based in New York, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** femalefoundersfund.com
- **LinkedIn:** https://www.linkedin.com/company/f-cubed-female-founders-fund-

## Regulatory record

- **Reports private funds:** No

## About

Female Founders Fund is a venture fund that invests in seed-stage female-founded companies. It focuses on e-commerce, media, platforms, advertising, and web-enabled services. The firm was founded in 2014 in New York, New York.

## Sectors

- Enterprise Software
- Consumer
- FinTech
- Digital Health
- PropTech

## People

- Anu Duggal — Founding Partner

## Questions

### Who runs investment decisions at Female Founders Fund?

Anu Duggal serves as the Founding Partner and makes final investment committee decisions alongside the firm's general partners. Duggal's background as a two-time entrepreneur — she founded Exclusively.in, an e-commerce company, before launching the fund — shapes a founder-centric decision process that emphasizes operator experience. The investment team remains intentionally small, with Duggal maintaining a direct role in evaluating every deal the fund pursues.

### How does Female Founders Fund source proprietary deal flow?

The firm sources largely through a curated network of women's entrepreneurial communities, accelerator programs, and an LP base that includes influential operators who actively refer opportunities. Because generalist funds historically overlook female-founded companies at the earliest stages, the firm sees seed-stage deal flow that isn't broadly shopped across Sand Hill Road. This network effect compounds as portfolio founders recruit and invest in the next cohort, creating a flywheel that strengthens the top of the funnel.

### Which sectors does Female Founders Fund explicitly avoid?

The firm has not publicly disclosed a formal exclusion list, but its portfolio concentration reveals a preference for software-enabled and digitally native vertical brands over capital-intensive sectors like biotech, hardware, and industrial manufacturing. Female Founders Fund has also not historically invested in cryptocurrency, defense technology, or energy infrastructure, focusing instead on consumer technology, enterprise SaaS, fintech, and health platforms.

### What is Female Founders Fund's known posture on co-investments alongside external GPs?

The firm routinely collaborates with other seed-stage and multi-stage venture firms on syndicated rounds, given that most early-stage financing involves multiple participants. Female Founders Fund does not operate a formal co-investor club, but its specialization means it frequently partners with generalist funds that lack proprietary sourcing in female-founded deal flow. The firm's LP base also occasionally co-invests directly alongside the fund on a deal-by-deal basis.

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Last updated: 2026-06-03T20:00:00.000Z

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