Plans to establish fund to back women entrepreneurs revealed – The Irish Times

AwakenHub, a network of over 1,000 members that was established during the pandemic to promote and support female founders, is weighing up plans to establish an investment fund to back women entrepreneurs.

Speaking to The Irish Times, Mary McKenna, one of the co-founders of the network said the proposed AwakenAngels fund is looking at making investments a pre-seed stage with sums of between €20,000 and €50,000.

She said the fund has “the potential to democratise the investor landscape for women investors and founders across Ireland”.

Fund

Ms McKenna previously co-founded Derry-based e-learning company Learning Pool. Now primarily an angel investor, she said the proposed fund is keen to support sustainable women-led businesses that are capable of generating revenues and employing people.

“We’re looking potentially at a hybrid model that could include a mix of angel investment and crowdfunding to that some successful women investors might put in a sizeable

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