Capital F closes $17M debut fund with goal to back the future of the ‘female economy’

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Capital F , one of the few all-female-led VC firms, announced Wednesday the $17 million close of its debut fund.

The firm backs companies building in the “female economy” — or the markets where women drive demand. That mainly falls into three buckets for the firm, Margaret Coblentz, the firm’s co-founder, told TechCrunch — women’s health, digital commerce, and AI tools. The latter is increasingly important since “women are disproportionately the victims of trust and safety violations,” Dawn Dobras, the co-founder of Capital F, added.

Coblentz and Dobras spent the last 30 years running companies together. Dobras was notably the CEO of the clean beauty retailer Credo Beauty and spent a decade at Gap before moving on to the clothing retailer Charlotte Russe. Coblentz also worked at Charlotte Russe before launching her own luxury knitwear brand, which eventually exited.

Coblentz said she and Dobras decided to come together and launch a firm after spending years at the executive top ranks and realizing that “there weren’t a lot of women there.”

“If you had asked me maybe 15 years ago, ‘are you going to go into venture?’ I don’t know that I would have said yes,” Coblentz said. She and Dobras started angel investing after their corporate careers, and always knew that “who writes the check and who owns the company matters quite a bit.” They first worked together almost 17 years ago at Charlotte Russe and figured, well, second time was the charm.