The glass ceiling still exists in old economy companies, but the new economy was supposed to open up new opportunities for women. Progress has been limited so far, but Women Equity for Growth, the first European investment program specialized in the financial and operational support of female-led companies, is aiming to level the playing field.
The Paris-based group is launching three new investment vehicles in partnership with European investment bank Bryan Garnier & Co. aimed at women-led companies in Europe. Two of the funds will invest in small companies around Europe, while the third will target only French firms. Women Equity for Growth is now in process of raising the funds, whose eventual size has not yet been disclosed.
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