TLDR:
- Fierce Foundry is the first FemTech Venture Studio focused on supporting female founders in the FemTech industry.
- They aim to solve the inequality in VC funding for female founders and the gap in women’s healthcare.
In a groundbreaking move, Fierce Foundry has launched as the first-ever FemTech Venture Studio dedicated to supporting female founders in the rapidly growing FemTech industry. Founded by Melissa Wallace, Fierce Foundry aims to address the inequality in venture capital funding for female founders and the gap in women’s healthcare. With a mission to co-found FemTech companies from idea to exit, Fierce Foundry is set to redefine the landscape of FemTech entrepreneurship and drive more investment in women globally.
The FemTech industry, characterized as technology catering to the health and wellness of women and their families, has seen significant growth in recent years. However, the representation of female founders in the industry remains low, with only 1.9% of VC venture capital funding going to female-founded startups in 2023, despite women constituting 40% of all entrepreneurs globally.
At the core of Fierce Foundry is a team of industry veterans and visionary leaders committed to championing diversity and inclusion in entrepreneurship. By combining their expertise in venture capital, technology, and healthcare, the team aims to drive meaningful change in the FemTech ecosystem. The team also includes members from the now discontinued FemHealth Founders, an innovation hub focused on empowering female founders in the Heartland.
To showcase their commitment, Fierce Foundry recently hosted the Female Founders & Funders event and the NY Tech Week FemHack Hackathon. The events were well-received, with several teams presenting innovative products. The studio’s unique model actively develops ideas internally, matches them with the right founders, and launches them through a structured process to bridge the funding gap for female entrepreneurs.
Overall, Fierce Foundry’s innovative approach and dedication to empowering female founders in the FemTech industry set them apart as a pioneering force in the entrepreneurial ecosystem.
