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UBS Raises $110 Million Fund to Invest in Woman-Led Firms

  • Venture capital focuses on health, education, environment
  • Women get 3% of VC investments but bring in better returns
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UBS Group AG’s American wealth management unit has helped raise $110 million for a U.S. venture capital fund that will invest in companies in the health, education and environmental areas that are led by or co-managed by women.

The fund is managed by Rethink Impact, a venture capital firm that invests in companies with a technological bent. Jenny Abramson, Rethink founder and managing partner, said women-led companies get just 3 percent of venture funding, even though a study by First Round Capital showed that companies with a female founder performed 63 percent better than those founded by men.