Bill Gates wife backs of capital fund set up by women

Vastavam web: Aspect Ventures, a venture capital fund set up by women, said it has won the backing of Melinda Gates, the wife of Microsoft founder and billionaire philanthropist, Bill Gates .Aspect Ventures set up in 2014 by venture capitalists Theresia Gouw and Jennifer Fonstad said late last night that Gates was one of “several high-profile supporters” backing a new 181-million fund investing in early-stage startups.But the company said in a statement that its new fund was looking “to build on investments such as ForeScout, a security company that went public in October, as well as early bets on companies such as networking startup Cato Networks, design marketplace Crew, security intelligence shop Exabeam and careers site The Muse.”

And only 2.2 per cent of cash into startups in the US last year went to companies created solely by women, Pitchbook said.Aspect Ventures, which now has five men on its investment team, said that among its startups, “40 per cent include a female cofounder, above the industry average, while half include an immigrant or first-generation citizen and about 30 percent a cofounder from a racial minority.”