L’Oréal Bold Female Founders will focus on investment opportunities across the wider beauty ecosystem, including brands, beauty tech, biotech and green science. According to the company, this venture and entrepreneurship funding is aligned with the group’s strategic commitment to promote gender equity.
Funding women entrepreneurship
Nicolas Hieronimus, chief executive officer of L’Oréal, comments, “L’Oréal has for many years been committed to women empowerment, through numerous programmes and initiatives of the L’Oréal Foundation, such as L’Oréal Unesco For Women in Science and Women for Climate.
“Bold Female Founders aims at promoting the venture funding of women entrepreneurship, that remains at an unbelievably low level. By addressing the inequalities that passionate women founders face in their entrepreneurial journey, we bring our sense of purpose to life: Create the beauty that moves the world.”
Gouzelle Ishmatova, Bold chief strategy officer, adds, “A more inclusive venture capital industry means more opportunities for underrepresented female entrepreneurs. As a matter of fact, startups led by women attract less funding, yet they consistently outperform. With Bold Female Founders, we want to be a game changer by investing in the creativity and talent of the next generation of female entrepreneurs”.
