We know that women-founded companies demonstrate 35% better returns and 2x more revenue per dollar invested than their male counterparts, yet these entrepreneurs continue to face significant challenges when raising capital. Capita3's Leader Programs help these founders grow as executives and operators, increase their ability to raise capital, and drive start-up growth and performance.
Tailwinds:
While there has been stagnation or decline of female founders as a percentage of overall founders, female founders are growing as a percentage of founders in healthtech and med devices (Technical.ly, Carta)
Interest is growing in 'fem-tech' as a $100B+ industry and there was a 1000% growth in start-ups in this space over the last 10 years ( Technical.ly)
As the overall market warms up - with interest rate decreases and a cautious opening of IPOs and M&A, investors are expressing a willingness to release more funding to companies outside of their current portfolios, particularly in healthcare and in female-founded companies (Forbes, Hubspot)
Headwinds:
Overall, VC backing for female startup CEOs has remained stagnant over the last 16 years; in the first half of 2024, women received 2.2% of all capital invested in venture-backed start-ups, a decline from a 2.8% peak in 2009 (Technical.ly). It's even more challenging for women of color, who receive only 0.5% of all VC financing.
There's been a 2 percentage point rise in the portion of pre-seed and seed funding going to female-founded start-ups from 2015 to 2024 (5% to 7%); however, by the Series B round, share of venture capital dollars declined from 2% to 1% (NYT) in the same period.
Capita3 News
Capita3
Annual Meeting
Capita3's Annual Meeting is on Thursday, November 21st from 4-6 pm in Minneapolis. If you have not already received an invitation and would like attend, please contact one of us at:
ktune@capita3.com
pyork@capita3.com
srussick@capita3.com
irouse@capita3.com
Bridge Funding
Global
Capita3 was accepted into the highly competitive Bridge Funding Global Program. This program is designed to provide emerging fund managers with access to a curated funding ecosystem using virtual and in-person activities, including an annual conference and intimate GP/LP dinners across the country.
Welcome Isabel!
Please join us in welcoming Isabel Rouse to our team. Isabel came to us as a Fellow from Chicago:Blend, which is an organization that matches diverse professionals seeking roles with venture capital firms. She is currently Director of Strategy, Payment Innovation at Health Care Service Corporation (Blue Cross Blue Shield) and we're delighted to have her as part of our team for 4 months.
Capita3 Brand and
Network Expansion
Recent Events:
We continue expanding our brand awareness and network of healthcare experts, syndication partners, and institutional investors through speaking engagements and events.
Highlights include:
Capita3 partners Kathy Tune, Pam York, and Sara Russick were super active at Twin Cities Startup Week (TCSW):
Capita3 hosted its inaugural annual CIO / Allocator panel where we had a host of great speakers sharing thoughts on development of venture capital programs and diverse and emerging manager programs
Capita3 hosted an investor happy hour with Great North Ventures, Gopher Angels and Avisen Legal, leading into the MSP Equity Showcase
Sara judged the 20th Minnesota Cup and was a panelist for "How to Finance Your Startup"
The 10th Piper Sandler Heartland Summit is a leading healthcare conference bringing leaders together for deep discussions on key issues facing the industry.
Midwest Impact Investing Showcase, Chicago, IL
October 1
This showcase is designed to help impact investors learn from others who deploy capital for impact across asset classes and geographies.
Wave - Health Elevated, Alta, UT
October 2-3
This event brings together thought leaders in healthcare including John Carreyrou, Award-winning Journalist and Author of Bad Blood and Darius Shahida, Chief Strategy Officer, Butterfly Network as co-Keynotes.
Women Investment Professionals (WIP) Annual Trailblazer Dinner, Chicago, IL
October 10
This event honors women finance leaders selected for their personal and professional excellence with the Distinguished Woman Investment Professional and the Joanne Hickman Dodd Awards.
Bridge Funding Global Events, San Francisco, CA and New York, NY
October 23, November 19
We will attend this Bridge Funding Global's GP/LP dinner series in San Francisco and New York
SEM Consortium CGM Grovsenor, New York, NY
October 22-24
The forum brings together diverse and emerging fund managers and institutional investors.
Portfolio Company Updates
Claros At Climate Week
Capita3 Fund II portfolio company Claros Technologies has a big schedule at Climate Week NYC. This important conference attracts climate experts, thought leaders and companies from across the globe. We will work to push out Climate Week news as it develops this week.
The Company has also posted a series of podcasts highlighting the obesity challenge and how it is being addressed today.
B.well
Rock Health has named in celebrating Kristen Valdes, Founder and CEO at b.well, a Top 50 leader in Digital Health. Kristen's visionary leadership is revolutionizing healthcare, breaking new ground in the realm of digital health. We celebrate Kristen and all the trailblazers who are leading us into the future of healthcare.
MDRN has named b.well as one of the Modern Leader's list of top 40 Healthcare AI companies that are making a difference for a better future.Healthcare.
b.well recently launched its configurable artificial intelligence (AI) architecture integrated directly into its FHIR-based platform. Backed by the richest longitudinal dataset in healthcare, this new offering enables healthcare organizations to accelerate the adoption of AI for a wide variety of use cases, while maintaining trust, security, compliance, and patient safety. b.well describes themselves as "the company powering platform-enabled healthcare ecosystems" and this new offering will maintain b.well's leadership position.
