Alice Anderson Fund gains $10 million for Victorian women founders
Victoria's government adds another $10 million to support early-stage companies led by women.
The Alice Anderson Fund, named after Australia's first female mechanic, gets new backing. The investment comes from the Labor government.
Since launching in 2021, the fund has deployed more than $9 million across 46 companies. The fund has also drawn over $64 million in extra money from angels, family offices and venture capitalists.
The fund works by matching money from private investors. This lets founders spend less time raising cash.
They can spend more time building. Recent backed companies include Butter, a tool to fight adult loneliness.
Spektrum tracks critical minerals. GonGlobal is developing a needle-free IVF solution.
- $10 million
- New allocation
- $9 million across 46 companies
- Deployed since 2021
- Almost 7 dollars per dollar invested
- Co-investment ratio
Why it mattersWomen founders often struggle to attract investment. This fund makes it easier to launch and grow ventures in Victoria.
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