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500 Startups Launches AngelList Syndicate To Back Female-Led Startups

The syndicate will allocate $1 million to 10 companies.

500 Startups Launches AngelList Syndicate To Back Female-Led Startups
[Image: Flickr user David Villarreal Fernández]

For the female founders out there, 500 Startups has allocated $1 million to invest in companies led by women. Dave McClure’s accelerator announced Thursday that it was launching two AngelList syndicates: the 500 Startups Syndicate and 500 Women Syndicate.

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“We view syndicates as a way to double down on great 500 portfolio companies AND enable other investors to co-invest with us more quickly and easily,” McClure wrote in a blog post, noting it will add others down the line.

In AngelList style, the two syndicates will showcase companies that are raising money, with each offering $1 million total to 10 companies. The accelerator says it will invest $50,000 to $100,000 in each company and aims to raise $250,000 to $500,000 per company through syndicate co-investors. For 500 Women, eligible startups are required to have at least one female founder with 10% or more ownership of the company.

About the author

Based in San Francisco, Alice Truong is Fast Company's West Coast correspondent. She previously reported in Chicago, Washington D.C., New York and most recently Hong Kong, where she (left her heart and) worked as a reporter for the Wall Street Journal.

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