Feminine Make investments acquires sustainability-focused funding platform Gaia Investments

When Female Invest launched in 2019, it did so with the purpose of making a group the place girls who needed to put money into the inventory market, however weren’t positive the place to begin, might achieve the data and confidence to make the leap. Now, its customers can be ready to take action all throughout 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 firms with sustainability targets, into its app. The acquisition value of Gaia was undisclosed, however the startup raised at a $3 million valuation, three months previous to the transaction, Feminine Make investments instructed TechCrunch.

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

“Since day one, we now have at all times been very centered on constructing the options and merchandise that have been requested by our group,” Falkenberg mentioned. “And we get requests each day for the likelihood to commerce straight by means 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 12 months build up the corporate in a option 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 staff 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 present 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 fascinated about,” she mentioned. “Because the talks progressed, it turned an increasing number of clear it was an awesome transfer for us.”

The staff at Gaia felt the identical means, Mads Sverre Willumsen, a co-founder and CTO instructed 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 troublesome.”

The 2 firms additionally shared comparable founding tales — each seemed 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 learn how 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 protected place to put money into sustainable firms, 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 a number of months earlier — Sverre Willumsen mentioned the transaction made sense for Gaia as a result of they have been extra fascinated about increasing the attain of their product than being startup founders.

“I didn’t develop into 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 plenty of innovation and a distinction for folks fairly rapidly.”

The present Gaia customers can 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 particular 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 development this 12 months, and because the fintech sector has struggled in 2022’s uncertainty, it appears smart that a few of these smaller firms will mix to keep away from getting left behind. I’m positive we’ll begin to see extra of this heading into subsequent 12 months.

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

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

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