NORTH HOLLYWOOD, Calif., Jan. 15, 2020 /PRNewswire/ — U-Nest, the first-of-its-kind mobile app that makes it easier for families to save for college and other educational expenses, today announced that it has received a significant investment from Northwestern Mutual Future Ventures. Announced in October, Northwestern Mutual Future Ventures is allocating $20 million to fund female-founded start-ups. U-Nest is Northwestern Mutual Future Ventures’ first female-founded investment and was selected due to the rapid progress made in extending the reach of its college savings app, hiring additional leadership, and establishing awareness in both the financial industry and among consumers.
Los Angeles-based fintech fund, Group 11, Unlock Ventures, and additional venture capital firms and angel investors, join Northwestern Mutual in the seed round extension. The recent flurry of investment in U-Nest is a positive step generally for female startup founders. According to Crunchbase, firms with female founders garner only 2 percent of all venture funding. In recent years that number has increased, however, many women who have the potential to break down not just gender barriers, but…
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