There was some very cool news out of Portland this week, and I wanted to be sure that all of you StartupBend readers saw it. A group of women entrepreneurs, investors and lenders debuted the XXcelerate Fund on Tuesday. The fund is designed to fill the capital gap that many women entrepreneurs face.
From the XXcelerate news release:
“There is a crisis in access to capital and entrepreneurial support for women in the state of Oregon and nationwide,” said Robin Klemm, PH.D., Board Member and Executive Director, XXcelerate Fund. “And this gap is happening at a time when we see continuing proof points of the effectiveness of women business leaders.”
The fund’s founders surveyed women entrepreneurs in Portland and discovered that they faced distinct challenges in obtaining capital, despite their entrepreneurial chops. The survey revealed that: