Female Founders Fund closes $57M fund

New York-based Female Founders Fund has raised $57 million for its third flagship vehicle. The firm makes seed-stage investments in companies created by women, targeting deals in sectors including ecommerce, media and advertising. Its portfolio includes wedding planning startup Zola and Rent The Runway, a designer clothing and accessory rental service. Institutional investors including Goldman Sachs, Cambridge Associates and Pivotal Ventures contributed to the fund.

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