A crowdfunding platform that seeks to help women-led businesses is expanding into Maryland.
Founded in Nov., 2016, by former Google/YouTube video executive Karen Cahn, iFundWomen seeks to help female founders get access to capital. It’s well-documented that women-run businesses receive less funding than those run by men, and Cahn wanted to create a way to address the gender gap.
The crowdfunding platform also helps provide visibility for a growing business, as well as the potential to attract backers who are outside of the investor community. After launching local initiatives in Nashville, Tenn., and North Carolina, Cahn said Maryland’s growth in entrepreneurship activity made the region stand out as a next step for expansion.
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