Female Founders Fund Eyes Second Fund to Boost N.Y. Startups

About two years ago, Anu Duggal launched her seed investment firm, Female Founders Fund, to tap into what looked like an emerging trend in New York: The maturing crop of startups in the city began spawning new companies, in a virtuous cycle reminiscent of Silicon Valley. Many of the new founders were women.

Female Founders Fund, or F Cubed, backed several of these entrepreneurs with its first $5.8 million fund.

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