15 female founders of fast-growth tech companies are headed to Silicon Valley from London to get mentored by the likes of Facebook, Google and LinkedIn – and drum up new investment.
They include Kerri-Lynn Hauck, a founder of secure mobile comms firm Fabric, Emma Sinclair, from integrated enterprise software firm EnterpriseJungle and Caroline Plumb of innovation consultancy FreshMinds.
The trade mission, run by the Mayor of London’s International Business Programme in partnership with Silicon Valley comes to the UK (SVC2UK), was prompted by research from edtech charity Founders4Schools that looked at women’s contribution to the digital economy.
It found that there are more than 1,000 businesses led by women in the UK that have revenues up to £250m, all growing by 20% or more each year. 67% of these are tech companies.
The businesses on the trade mission are all growing at an average rate of 230%.
“Women entrepreneurs are making progress in the competition for venture capital but still lag men by a significant margin,” explains Alexsis de Raadt, founder of Merian ventures, a US-based venture capital firm that focuses on funding women-led tech businesses.
“This mission is helping to close the gap by bringing fifteen world-class female founders together with the world’s leading sources of venture funding.”
British entrepreneur Jess Butcher, who co-founded augmented reality marketing platform Blippar, will join the group as a mentor.