Fortunis Capital champions female entrepreneurs by signing up to Treasury’s Investing in Women Code
Fortunis Capital has strengthened its commitment to champion female entrepreneurs by being accepted as a signatory to the UK Treasury’s influential Investing in Woman Code.
Fortunis joins more than 100 leading financial institutions, including NatWest and British Business Bank, in a key initiative to support female-led businesses with improved access to advice, resources and finance.
Signatories commit to nominating a member of the senior leadership team to promote equality and increase the transparency of data on support for female entrepreneurs.
INVESTING IN WOMEN: Fortunis Capital’s Emma MacRae
Fortunis Capital Investment Director Emma MacRae said: “We are delighted to have been accepted by the Treasury as a signatory to a Code that is making such a positive difference to women in business in the UK.
“We are working with the Government and partners to make the UK one of the most attractive countries in the world for women to start and grown a business.”
“We are looking forward to working with the Government and partners to make the UK one of the most attractive countries in the world for women to start and grow a business.
“It complements our commitment to gender equality. As a leading impact investor, the balance of our senior team is 50-50; talented men and women who do not look at anyone’s gender when we make investment decisions but focus on innovation and tangible outcomes.”
Fortunis Capital recently announced £1million funding for all-women femtech Clementine, which provides world-leading virtual professional hypnotherapy sessions as well as a suite of wellness products to empower women to feel more confident, capable and on top of their game.
Ms MacRae said the partnership between government and investors was vital to address an “unconscious gender bias” in the sector.
Before the launch of the Code in 2019, Treasury reports showed that for every £1 of VC investment, all-female founder teams got less than 1p, all-male founder teams got 89p and mixed-gender teams got 10p.
The Code’s annual progress report for 2020 found that the 100 signatories are more likely to invest in female-run businesses than other investors
Chancellor Rishi Sunak said: “Backing Britain’s female entrepreneurs will create jobs and help us build back better
“I’m pleased to see so many of our major banks and venture capital firms taking action by supporting the Investing in Women Code.”