L’Oréal's BOLD capital fund has launched the BOLD Female Founders initiative, backed by a 25 million euro allocation to support female-led startups.
Investments will include brands, beauty tech, biotech and green science.
Want to pitch the organization? Visit the BOLD website here.
"L’Oréal has for many years been committed to women empowerment, through numerous programs and initiatives of the L’Oréal Foundation, such as L’Oréal UNESCO For Women in Science and Women for Climate," said Nicolas Hieronimus, CEO of L’Oréal. "BOLD Female Founders aims at promoting the venture funding of women entrepreneurship, that remains at an unbelievably low level. By addressing the inequalities that passionate women founders face in their entrepreneurial journey, we bring our sense of purpose to life: Create the beauty that moves the world."
The executive added, “Today, 30% of the startups of our BOLD venture capital fund are led by women. With BOLD Female Founders, we want to accelerate our venture capital investment to support female entrepreneurship”.
Gouzelle Ishmatova, BOLD's chief strategy officer, added, “A more inclusive venture capital industry means more opportunities for underrepresented female entrepreneurs. As a matter of fact, startups led by women attract less funding, yet they consistently outperform. With BOLD Female Founders, we want to be a game changer by investing in the creativity and talent of the next generation of female entrepreneurs."