L’Oréal has initiated a fund that will invest in start-ups launched by female entrepreneurs.
The world’s largestmaker said Wednesday evening it is kicking off the L’Oréal
Female Founders initiative, which will be developed by the group’s venture capital fund, called Business Opportunities for L’Oréal Development. The new fund will initially be backed by 25 million euros.“L’Oréal has for many years been committed to women’s empowerment, through numerous programs and initiatives of the L’Oréal Foundation, such as L’Oréal UNESCO For Women in Science and Women for Climate.
Female Founders aims at promoting the venture funding of women entrepreneurship that remains at an unbelievably low level. By addressing the inequalities that passionate women founders face in their entrepreneurial journey, we bring our sense of purpose to life: create the beauty that moves the world,” said Nicolas Hieronimus, chief executive officer of L’Oréal, in a statement.
France Dernières Nouvelles, France Actualités
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