If Trish Costello, CEO of Portfolia since 2014, has her way, there will be no financial cliff where founders of tech startups catering to women and girls can fall to their financial ruin.
Her goal is specific and clear: 100,000 women to invest in Portfolia funds in five years. The recently launched FemTech Fund will invest directly or indirectly in equity-related securities of early-stage companies in the U.S. FemTech marketplace. Costello’s latest push is healthcare-related companies.
The goal there is to raise a minimum of $500,000 and a maximum of $3 million to invest in institutional systems and services that enable or support the health of women and girls.
“Solutions will come into the world because of women’s investment,” says Costello, the co-founder, former CEO and now CEO Emeritus of the Kauffman Fellows Program, a global leadership program for 550 venture capitalists in 50 countries with $200 billion in funding.
“Research tells us that women want context and a bigger impact with our money. We know that iin using our money, that can be where out power lies,” Costello says. “We want to know we are making a difference.”