Climate change affects women and underrepresented populations. Women, particularly women entrepreneurs, are critical in developing a more sustainable, equitable future. Yet these entrepreneurs have been historically and systematically excluded from early-stage investments and resources that support innovation, receiving just 2% of annual venture funding. Village Capital is working to reinvent this imbalanced system. Leveraging more than a decade of experience, the organization provides women entrepreneurs with timely training, expert advice and flexible funding – and, in turn, helps to close the gender financing and resource gap.
To amplify Village Capital’s efforts, Visa Foundation provided $1 million to support the launch of Greentech Europe, an annual investment readiness program that supported 136 women-led, early-stage Greentech businesses across Europe over two years. The program provided access to Village Capital’s business development curriculum, industry experts, including Visa staff and $550,000 in funding. Upon completion of the program, Greentech alumni reported a 215% increase in investment fundraising and 191% growth in revenue.
Visa Foundation’s funding has powered the training and mentoring that women changemakers need to develop and scale their products. The success of the entrepreneurs’ innovations stands to benefit not only the region, but the entire planet – building a more sustainable, healthy and equitable present and future.
– Allie Burns, CEO, Village Capital