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After 10 years, The Female Founders Fund brought back its first fund of $5.85 millionaccording to Fortune. This news makes FFF one of the few funds with a diversity focus to bring back the entire fund in a move that could boost the profile of investing in women founders across Silicon Valley.
Any further investments and exits coming from the first fund will be profitable for investors. Fortune points out that many startups like this never make their seed money back. FFF was founded in 2014 with the goal of supporting women-founded companies in their early stages. Its investments include healthcare company Peanut, astrology app Co-Star, and healthcare unicorn Maven.
TechCrunch reported a year ago that FFF is now raising $75 million for a fourth fund.
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