Women—especially women of color—are given fewer opportunities to launch businesses, so these companies are investing in their success

Female entrepreneurs are often shut out of opportunities that are given to their male counterparts—a sad reality that can be even more common for women of color. For women who want to launch a business, finding funding can be unnecessarily hard.

Although the gender gap in financial backing is large, some brands are creating alternatives for women to find support. By focusing on future female entrepreneurs and business owners, the following companies ranging verticals are paving the way for a more diverse and inclusive workforce.

Bumble Fund
Made up of an 85% female workforce, the female-led dating app Bumble is opening the door for more women. The brand's Bumble Fund was created to focus on the future of women founders and entrepreneurs of color. The fund provides capital in the early-stage of businesses and invests in people of underrepresented identities.

#WOCinTech Chat

Spotify
To bring more female creators to podcasting, music streaming platform Spotify hosted Sound Up Bootcamp. The program included workshops and mentorship intended for aspiring female podcasters of color. The program also awarded three of the participants with $10,000 each to fund their programming ideas.

The Helm
Lifestyle ecommerce platform The Helm exclusively features female-led businesses. The lifestyle brand elevates female entrepreneurs across the verticals on the site of apparel, home, wellness and more. By showcasing the brands and companies on its e-commerce shop, The Helm creates exposure for the brands. Plus the formation of the The Helm's Investor Network of the community of global wealth also helps invest in the ventures.


Lead image: CoWomen/Unsplash

Female entrepreneurs are often shut out of opportunities that are given to their male counterparts—a sad reality that can be even more common for women of color. For women who want to launch a business, finding funding can be unnecessarily hard.

Although the gender gap in financial backing is large, some brands are creating alternatives for women to find support. By focusing on future female entrepreneurs and business owners, the following companies ranging verticals are paving the way for a more diverse and inclusive workforce.