Capital F, an all-female-led venture capital firm, announced the closing of its debut fund at $17 million on Wednesday. The firm focuses on investing in companies that cater to the 'female economy,' which includes sectors such as women’s health, digital commerce, and AI tools. Co-founder Margaret Coblentz stated that these areas are critical as women often face trust and safety violations, a point echoed by co-founder Dawn Dobras.
Coblentz and Dobras have collaborated for nearly 30 years, with Dobras previously serving as CEO of Credo Beauty and holding positions at Gap and Charlotte Russe. Coblentz also worked at Charlotte Russe before founding her own luxury knitwear brand. The two decided to establish Capital F after recognizing the lack of female representation in top executive roles.
Coblentz remarked that their journey into venture capital began with angel investing, emphasizing the importance of who controls funding and ownership in companies. The name 'Capital F' reflects their favorite words, including 'future' and 'fantastic.'
During the fundraising phase, they organized salon events nationwide to engage more women in investment opportunities, resulting in nearly 80% of the fund’s limited partners being women. Notable LPs include Jenny Ming, CEO of Rothys; Marta Benson, former CEO of Pottery Barn; and Linnea Roberts of Gingerbread Capital.
Dobras noted that Capital F requires founders to consult at least two LPs before receiving backing, fostering relationships that often lead to advisory roles and additional investments.
The process of raising the fund presented challenges, particularly as new fund managers. Dobras mentioned that support from salon attendees was crucial in securing investments.
The firm has invested in 13 early-stage companies, with check sizes ranging from $250,000 to $1 million. Portfolio companies include telemedicine startup Hey Jane and period-tracking platform Stardust. Dobras highlighted a successful exit with Big Sur AI, acquired by Google prior to the fund's closure.
Capital F aims to complete fund deployment by the end of 2027.