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Feminine Make investments acquires sustainability-focused funding platform Gaia Investments

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When Feminine Make investments launched in 2019, it did so with the purpose of making a neighborhood the place girls who needed to spend money on the inventory market, however weren’t certain the place to start out, may acquire the information and confidence to make the leap. Now, its customers might be in a position to take action all inside the Feminine Make investments platform.

The Copenhagen-based startup introduced the acquisition of fellow Danish fintech Gaia Investments this week with plans to combine the buying and selling platform, which focuses on investing in corporations with sustainability objectives, into its app. The acquisition worth of Gaia was undisclosed, however the startup raised at a $3 million valuation, three months previous to the transaction, Feminine Make investments informed TechCrunch.

For Feminine Make investments co-founder and accomplice Camilla Falkenberg, including the flexibility to speculate straight by way of Feminine Make investments is a superb subsequent step for the subscription edtech platform.

“Since day one, we now have all the time been very centered on constructing the options and merchandise that had been requested by our neighborhood,” Falkenberg mentioned. “And we get requests daily for the chance to commerce straight by way of us.”

She added that she thinks the platform will get that request so actually because its customers belief it. A current survey of consumers discovered that 96% of them would belief Feminine Make investments with their cash greater than their financial institution.

Feminine Make investments has spent the final yr build up the corporate in a approach to extra simply combine buying and selling, too. Falkenberg mentioned since they raised their $4.5 million seed spherical final November, they’ve constructed out an app, expanded their tech crew and raised an extra $3 million in funding.

However once they got here throughout Gaia Investments in July, they realized it’d make extra sense, and save time, for Feminine Make investments to accomplice with an current buying and selling platform versus constructing their very own.

“Gaia has a robust model right here within the Nordics and such a robust deal with ethics and sustainable investing, one thing we’re additionally very focused on,” she mentioned. “Because the talks progressed, it grew to become increasingly more clear it was an important transfer for us.”

The crew at Gaia felt the identical method, Mads Sverre Willumsen, a co-founder and CTO informed TechCrunch.

“We knew Feminine Make investments and noticed the journey they’d been on up to now three years,” he mentioned. “After we talked and noticed we had alignment, the choice was not that tough.”

The 2 corporations additionally shared comparable founding tales — each appeared to create an investing product that they felt was wanted and didn’t exist.

For Feminine Make investments, it was in 2019 when the founders realized there wasn’t an excellent useful resource that taught girls the right way to begin investing. For Gaia, it was when co-founder and CEO David Bentzon-Ehlers’s mom requested him in 2020 if there was a secure place to spend money on sustainable corporations, and his realization that the platform she was searching for didn’t but exist.

Whereas it isn’t tremendous widespread for startups to get acquired so early in life — Gaia had simply accomplished a TechStars accelerator program just a few months earlier — Sverre Willumsen mentioned the transaction made sense for Gaia as a result of they had been extra focused on increasing the attain of their product than being startup founders.

“I didn’t grow to be a founder within the first place to be a founder,” he mentioned. “I did it as a result of it was a possibility to make loads of innovation and a distinction for folks fairly rapidly.”

The present Gaia customers might be offloaded — with their cash returned in full — within the close to future because the platform begins to combine into Feminine Make investments. Falkenberg mentioned from there they don’t have a selected launch date but for Feminine Make investments customers, however that the flexibility to commerce will launch first within the European Union and within the U.Okay. after that.

Consolidation of early-stage startups has been a rising pattern this yr, and because the fintech sector has struggled in 2022’s uncertainty, it appears smart that a few of these smaller corporations will mix to keep away from getting left behind. I’m certain we are going to begin to see extra of this heading into subsequent yr.

For Feminine Make investments although, the long-term plan, no matter market situations, is all falling into place.

“Our imaginative and prescient is to create an especially user-friendly, and straightforward to navigate, platform with a deal with sustainability to spend money on the values that matter to them,” Falkenberg mentioned. “We have now a really loyal consumer base who’s simply ready for us to launch the following product which is a superb start line.”

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