Angel investing platform LetsVenture has launched the Women Angel Network. The platform will provide access to women CXOs to invest in early and growth-stage startups.

Women angel investors will also get the opportunity to mentor startups through the Women Angel Network platform.

The angel investing firm aims to onboard at least 100 women angel investors in 2021. It will also launch at least five investment syndicates led by women.

[Read: 8 Women Entrepreneurs In India Who Have Taken The Business World By Storm]

LetsVenture will also launch a learning program for these investors. It will provide a dedicated community for networking and lower cheque sizes on the platform for a capped timeframe.

Speaking on the program, Sunitha KR, president of early-stage investments at LetsVenture, said,

“Having spoken to several women investors and those that suited to fall into this bucket, we found that the biggest impediments were the lack of access to networks where knowledge and startup deal flow is shared. The intention of the program is to create education amongst women around angel investments, helping them become active investors in the ecosystem. We want to promote women investors from a long-term perspective.”

As per a study conducted by LetsVenture, India has about 10,000 angel investors, and only 1% of these are women.

[Read: Top 9 Active Venture Capital Firms in India]

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