Info for investors – Who can join?
TNA Diversity Venture Fund welcomes:
- Any Danish or international investors who have already stated a minimum commitment (mission, vision, values, strategy, business objectives) to invest in women-led businesses with a female (co)founder or c-suite leader/(co)founder/leader identifying as a woman
- Investors that have not yet made such a commitment/embedded those principles in their vision/mission/values/strategy/business objectives but are committed to doing so within six months of joining
How do investors get onboard and then what?
- Investors who would like to join TNA Diversity Venture Fund should email: wit@technordicadvocates.org
- Investors who meet the above criteria and express an interest in joining are assessed through a due-diligence process
Why should investors join the Diversity Venture Fund?
- Access to greater, pre-qualified deal-flow, economies of scale and increased speed to market incl. through potential partnerships/ syndicates with other Diversity Venture Fund members
- Access to a diverse portfolio of founders and businesses
- Key role in correcting the access to capital gender imbalance in digital/tech innovation in Denmark
- A significant contribution to the execution of own diversity and inclusion agenda and commitments
With the Diversity Venture Fund, we commit to removing what is currently a substantial access to capital barrier for many female tech founders/leaders/founders identifying as women. This requires medium/long-term investor commitments, incl. to remove gender bias across the sector. Some have already done so through the Diversity Commitment initiative. Others remain to do so. All investors joining the Diversity Venture Fund commit to such commitments at three levels; financial, operational & communications:
Female tech founder/diversity investment criteria
Within a 3-year period from joining:
- Min. 20% of new investments in startups with a female founder or c-suite leader/founder or c-suite leader identifying as female
- Min. 20% of new money invested in startups with a female founder or c-suite leader/founder or c-suite leader identifying as female
Operational code of conduct
- Receiving prequalified pitch decks from the Diversity Venture Fund
- Responding to and taking qualifying meetings with shared prospects within two weeks
- Providing practical feedback on pitch decks following meeting within one week
- Participating in pitch events organized by the Diversity Venture Fund
- Inviting Diversity Venture Fund prospects to own pitch events
- Sharing information about focus area(as): sector/subsector, technologies, and investment stage(s) to enable the Secretariat to send the right pitch decks to the right investors
Code of conduct – Communication
- Proactively promoting and engaging in “Denmark as female entrepreneurship front runner” external communications about commitment to investing in female founders
- Featuring on “Denmark as female entrepreneurship front runner” Diversity Venture Fund investor list subject to the stated commitments
- Dual branding/accreditation criteria (showing platform logo on own website)
