Key facts
- Capital F, an all-female-led VC firm, closed its debut fund at $17 million.
- The fund will invest in companies focused on women's health, digital commerce, and AI tools.
- Nearly 80% of the fund's limited partners (LPs) are women.
- The firm has invested in 13 early-stage companies, with checks ranging from $250,000 to $1 million.
- An early exit was achieved with the acquisition of Steller Sleep by Google.
Capital F, a venture capital firm led entirely by women, has announced the successful close of its inaugural fund at $17 million. The firm aims to invest in companies that cater to the 'female economy,' defined as markets where women are the primary drivers of demand. Their investment focus areas include women's health, digital commerce, and artificial intelligence tools, with a particular emphasis on AI for trust and safety due to women's disproportionate vulnerability to online violations.
Co-founders Margaret Coblentz and Dawn Dobras bring a combined three decades of executive experience, having previously worked together at Gap Inc. and Charlotte Russe, and with Dobras having led clean beauty retailer Credo Beauty. Their decision to launch Capital F stemmed from a realization of the underrepresentation of women in venture capital.
During its fundraising, Capital F organized events to engage women interested in investing, resulting in nearly 80% of its limited partners (LPs) being women. These LPs include notable figures such as Jenny Ming, CEO of Rothys, and Marta Benson, former CEO of Pottery Barn. The firm actively involves its LPs in the investment process, consulting them before backing a founder, which has led to valuable relationships, advisory roles, and sales introductions.
Capital F has already deployed capital into 13 early-stage companies, with individual investments ranging from $250,000 to $1 million. Portfolio companies include the telemedicine startup Hey Jane and the hormone-tracking platform Stardust. The fund also saw an early exit with the acquisition of Steller Sleep by Google before the fund's official close. The firm anticipates completing the deployment of its fund by the end of 2027.