After 10 years, the Female Founders Fund has returned its $5.85 million Fund I, according to Fortune. The news makes FFF one of the few diverse-focused funds to fully return a fund in a move that may boost the image of investing in women founders across Silicon Valley.
Any further investments and exits to come from Fund I will be profitable for investors. Fortune reports that many young firms like this never return their first funds. FFF was founded in 2014 with the goal of backing early-stage female-founded companies. Its investments include the healthcare company Peanut, the astrology app Co-Star, and the healthcare unicorn Maven.
TechCrunch reported a year ago that FFF is now raising $75 million for Fund IV.
