Obu, the angel investment platform, has announced the closure of the first two female-founded businesses to raise funds on its platform.
After launching earlier this summer, Obu has successfully facilitated the fundraising for Moody Month, a femtech women’s wellness app, and ProperPlan, a personalised project planning app that harnesses the power of AI.
The funding round closed at over £290K of combined pre-seed investment for both tech start-ups; with £105K and £193K respectively for MoodyMonth and Proper Plan, the latter impressively closed a total of £300k within three weeks.
Following the announcement, Obu’s CEO and co-founder Sarah King said: “To support not one but two incredible female founders on their fundraising journey is a great privilege. It’s so rewarding to see these truly disruptive businesses secure investment from angels.
“The closing of these rounds and knowing it’ll support the next stage of growth for these businesses demonstrates the genuine ability of angel investors to shape the types of problems that get solved in the world – proving that more diverse angels really does mean more diverse innovation.”
Obu connects eligible female-founded businesses with angel investors, both women, and allies, who believe their capital, wisdom, and network can create a more equal, progressive, and innovative start-up ecosystem. Obu champions purpose-led start-ups that share their mission of using business as a force for good.
Laura Phillips, founder and CEO of ProperPlan, said: “Obu inspired my own investment journey from the very beginning. It’s true that you can’t be what you can’t see. Obu is setting out to create a more equal and diverse world – not only for the entrepreneurs who get funded but for the angels who fund us.”
Amy Thomson, co-founder and CEO Moody Month, said: “We chose to raise exclusively with Obu because we believe in the work they do, and the mission they’re on. Getting behind their mission brought a whole new dimension to Moody’s raise, enabling us to empower women not just through our tech, but through the choices we make for how we grow our business.”
