The Pipeline Fellowship, an initiative that works to spur angel investing among women, has announed a $50,000 investment in PhilanTech, calling the investment a "milestone in women investing in women for social change." Decided on by Pipeline's 2011 class of fellows, the investment will support PhilanTech's online investment tools, like the PhilanTrack software.
In an announcement about the investment, Pipeline noted:
While recent studies have shown that women-led startups and companies with diverse leadership teams are more likely to be successful, only 12% of startups pitching for angel capital were women-led and, of those 12%, only 26% secured financing, according to a report by the Center for Venture Research at the University of New Hampshire. By the same token, only 12% of U.S. angel investors were women, and only 5% were minorities.
The Pipeline Fellowship is shifting the gender balance in angel investing and increasing the flow of capital to for-profit social ventures.
Philantech received an additional $55,000 investment via Pipeline's alumnae network, the Pipeline Angels.
Image via the Pipeline Fellowship