Borski Fund Secures Largest Investment Yet, Highlighting Commitment to Gender Diversity in Entrepreneurship
In a significant move for gender-focused venture capital, Amsterdam-based Borski Fund has secured a record €9 million investment from M&G Investments, marking the largest limited partner (LP) commitment in the fund’s history. This notable investment, announced on Wednesday, underscores the growing recognition of the need for greater inclusivity within the entrepreneurial landscape.
Simone Brummelhuis, Founding Partner of Borski Fund, celebrated the investment as not only a testament to the fund’s potential but also as a strong endorsement from one of the leading international savings and investment firms. “This marks one of the largest investments in the history of Borski Fund,” she said, indicating that it represents a pivotal moment in their mission to support women-led enterprises.
Based in London, M&G Investments manages £346.1 billion (€408.2 billion) in assets as of June 30, 2024, and has historically focused on investments that foster job creation and infrastructure development. The firm’s Head of Private Equity and Impact, Alex Seddon, stated, “We are glad to announce our commitment to Borski Fund, an impactful company taking bold steps to address the critical funding gap faced by women-led businesses.” This aligns with recent contributions made by M&G to other female-led funds, showcasing a consistent pattern of prioritizing gender diversity through their investment strategies.
Founded in 2019 by Brummelhuis and Laura Rooseboom, Borski Fund is at the forefront of changing the venture capital narrative that currently sees less than one percent of venture funding allocated to women-led teams. “Research consistently shows that diverse teams tend to be more innovative and achieve better performance,” Brummelhuis noted, highlighting a key motivation behind the fund’s efforts.
The investments made by Borski Fund target transformative industries, including healthcare and sustainable energy, providing valuable resources to startups like Soft Revolt, a lingerie brand; VivArt-X, focused on biomaterials for breast reconstruction; and CarbonX, which offers a sustainable alternative for electric vehicle battery production.
With M&G’s commitment, Borski Fund has reached its hard cap of €50 million, reinforcing the importance of collective effort towards a more inclusive business environment. As Brummelhuis expressed, “M&G now joins our esteemed group of limited partners, all of whom are dedicated to supporting and advancing Borski’s mission of empowering exceptional female founders and their startups.”
This venture into supporting diverse entrepreneurial initiatives resonates with biblical principles of stewardship and inclusion, reminding us that we are all called to uplift one another. As Jesus taught in Matthew 25:14-30, the parable of the talents reflects the importance of using our resources wisely to benefit others and expand our circles of influence for good.
In this light, Borski Fund’s efforts to close the funding gap for women-led startups can be seen as a modern application of these values. Encouraging such diversity not only fosters innovation and progress but also aligns with the call to honor and celebrate the unique contributions each individual brings to the table.
As we reflect on this partnership and its implications, let it serve as a reminder that nurturing inclusivity is a vital part of creating a thriving community, inspiring us all to support diverse talents in our own spheres.
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