After four years of operation, a local investment agency just passed the six-figure mark for investing — all targeted at female founders.
Citrine Angels, an angel investment-focused nonprofit org, just announced that it surpassed $1 million invested in primarily local founders. So far, it has funded 18 startups founded by over 40 women, with investments averaging over $50,000 per company. Half of Citrine’s portfolio companies are based in the DMV, and the majority of its investors are also located in the area. Citrine announced the news at DC Startup Week, where it’s anchoring a Female Founders and Funders sub-track.
Stephanie Bauer Marshall, president of the Citrine board and the org’s cofounder, said that many of the investments came from first-time investors. Citrine keeps membership fees low, she told Technical.ly, to make it more accessible for interested investors.
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