Startups Awards judge Debbie Wosskow raises £1.8m to invest in female entrepreneurs
Wosskow's business AllBright has closed a Series A round led by a Cain International consortium to support the company’s growth
AllBright, the female-focused crowdfunding platform and support network set up by Startups Awards 2017 judge Debbie Wosskow OBE and ex-Hearst UK chief Anna Jones, has secured £1.8m in Series A funding.
The round was led by a Cain International consortium, which included property developer Galliard.
Established in October 2016 and launched officially in January 2017, AllBright is a unique UK funding platform designed to provide the support and finance needed for female-led businesses to start up and scale.
The platform intends to close the gender-based funding gap that currently prevents many women from launching and succeeding with their business ideas – AllBright research shows that just 2.19% of all global venture capital went to female founders in 2016.
This new funding in AllBright’s Operating Company will fund further expansion of the business overall.
To further strengthen its executive team, AllBright has appointed Erica Allen, ex HomeAway and Farfetch, as COO – Allen will work closely with Wosskow and Jones on overall strategy and execution.
Speaking to Startups.co.uk about what makes business great in Britain, Wosskow said:
“The entrepreneur scene is thriving across the UK. We have exemplary hubs in London as well as in Manchester in Media City. Government support is also helping by making funding simpler, particularly at seed level e.g. EIS/SEIS.
“We are also not as regulated here in the UK compared to some other European countries, which makes it easier for those starting out.”
On AllBright's growth ambitions, co-founder Jones has previously asserted that she and Bright want the platform “to do everything in its power to ensure that Britain becomes the best place in the world to be a female founder.”
Debbie Wosskow is a judge for the Startups Awards 2017, alongside fellow entrepreneurs and business leaders such as Liz Earle MBE, Vita Coco UK CEO Giles Brooke and Dragons' Den star Touker Suleyman.
Find out more about the awards and the upcoming shortlist unveiling here.