Issue #33 | Wednesday, November 4, 2026
✉️ Letter from the Editor
Women aren’t waiting for permission to build funds.
More than half of the new women-led venture funds tracked in WINS LIST are first funds. This week brings two more: Yvonne Bajela’s oversubscribed $17M Evertrue Capital debut, and Kim Moore’s U&I Ventures closing its Fund I at $32.2M.
Our data is also telling us where the gap is.
The median debut fund is $50M. For women-led Fund IIs and beyond, it’s roughly $93.5M. Getting a first fund closed is happening. Getting it to scale is the next frontier.
On the founder side, capital is still concentrating at the top. Luana Lopes Lara’s Kalshi closed its second $1B round in five months, and together with Northwood Space’s $375M Series C, two mega rounds made up roughly 86% of this week’s funding.
The median round? $6.5M.
Details on these deals live in our WINS LIST database. If you are interested in partnering with us to leverage this data for your business, please complete this brief survey.
Quotable inspiration is flowing in from Bridgit Mendler, Yvonne Bajela and Sam Green.
Expand your influence. Build your wealth. Celebrate your success.
Amie
Join one of my upcoming positioning workshops.
Read my latest article in Inc.—Do These 5 Things Before You Pitch An Investor
Want to align your business with women navigating venture? Partner with WINS LIST.
Amie Sheridan | Editor, WINS LIST
Get the WINS LIST every week.
Sign up to receive the weekly signal digest tracking the capital flowing to and from female founders and investors, delivered to your inbox every Wednesday.
🛜 Capital Signals of the Week
Leading stories
Roughly $1.6B in disclosed funding went to 16 companies with one or more verified female founder.
Two women-led venture funds announced new capital, led by U&I Ventures’ $32.2M debut Fund I.
Two athlete-linked capital moves caught our attention, led by TheLinkU’s acquisition of Sam Green University and AthleteCon.
Notable data observations*
As tracked this week:
The median disclosed round was $6.5M.
Top sectors by capital:
Fintech and prediction markets: 63%
Space and defense tech: 25%
AI and AI-native software: 9%
Health and wellness: 1%
Two mega rounds accounted for roughly 86% of total funding.
*These observations are based solely on deals tracked in WINS LIST. Deals are verified using public record and filings, when available. While we endeavor to capture every deal with accuracy, we can not ascertain that WINS LIST deal data is 100% accurate, nor can we guarantee capture of every venture deal involving one or more female founder.
📈 Founder Raises
Funding rounds raised by companies with one or more women founders
Tier 1 — Mega Rounds ($100M+)
Kalshi (Luana Lopes Lara) completed a $1 billion Series G at a $40 billion valuation, co-led by Sequoia Capital and Wellington Management—its second $1B round in five months. —Covers.com, Oct 29
Northwood Space (Bridgit Mendler) raised $375M Series C at a $2B post-money valuation to grow its satellite ground-station antennas and software, co-led by Andreessen Horowitz and DFJ Growth. —TechCrunch, Nov 2
“It's hard to believe it's been less than two years and nine months since we first announced Northwood as a small team of six. Today we are announcing a $375M Series C.
Griffin Cleverly, Shaurya Luthra and I founded the company on the premise that the demand for data through space would grow exponentially and the industry needed a fundamentally new approach to ground infrastructure to support that. We are still early innings in this story and grateful for our capital partners joining in this next chapter.”
Tier 2 — Growth Rounds ($25M–$99M)
Casap (Shanthi Shanmugam) raised $56M Series B led by Base10 Partners to grow its AI agent platform that investigates, decides, and acts across banks’ existing systems on transaction disputes, fraud, collections, claims, and exceptions. —Term Sheet
Wabi (Eugenia Kuyda) raised $55M Series A at a $1.25B valuation, led by IVP, to grow its group AI-assistant and mini-app platform just weeks after its public launch. —Crypto Briefing, Oct 30
Numeracle (Rebekah Johnson) raised $28M to grow its phone-number identity-verification business, which corrects incorrect spam labels for legitimate companies, led by Edison Partners. —Value Add VC, Oct 28
Tier 3 — Early Stage (<$25M)
Rendezvous Robotics (Dr. Ariel Ekblaw) raised $20M seed to grow its modular spacecraft tiles that autonomously assemble and reconfigure in orbit, co-led by MaC Venture Capital and Toyota Ventures. —Value Add VC, Oct 30
adsilico (Sheena Macpherson) raised a £10M Series A to grow its University of Leeds spinout technology, which uses generative AI to build virtual hearts and blood vessels from anonymized clinical scans. —Tech Funding News, Oct 26
The Prompting Company (Michelle Marcelline) raised $6.5M Seed to grow its platform that helps software brands appear in and get cited by AI assistants like ChatGPT, Claude, Gemini, and Perplexity, led by Peak XV Partners. —Dealroom, Nov 3
Doughy (Kelly Ramey) raised $6.1M to grow its edible and bakeable cashew-based cookie dough brand, backed by Oversubscribed Ventures, Corazon Capital, Amok Consumer Growth Fund, Quorum Capital Partners, Bluestein Ventures, and Simple Food Ventures. —Dealroom, Nov 2
Crux Labs (Julie Kheyfets) raised $6M+ to grow its platform that connects AI agents to a company's own tools and experts, led by Benchstrength and Misneach. —Tech Funding News, Oct 29
Flow Medical (Jennifer Fried) raised $6M to begin human trials of its HELYX-PE System, a catheter-directed thrombolysis device for treating pulmonary embolism, backed by two undisclosed strategic medical-device investors alongside UCM Ventures. —Dealroom, Nov 3
Bleu Robotics (Serena Ivaldi) raised €5M pre-seed to grow its AI software for industrial humanoid robots, which learn factory tasks from as few as ten human demonstrations instead of large training datasets, co-led by Contrarian Ventures and OVNI Capital. —Startup Rise, Oct 29
FluxCap (Doha Mekki) raised $6.4M seed to grow its AI legal-tech platform that organizes evidence, legal precedent, and case strategy for complex litigation, backed by Y Combinator, Bloomberg Beta, Deep Work Capital, Coalition Operators, Burford Capital, and Omidyar Network. —PYMNTS/CPI, Oct 28
Pythag Tech (Anne-Sophie Mertgen) raised $4.25M seed to grow its AI-plus-lab-experiments platform that optimizes cultivated meat production for food companies, led by Azolla Ventures. —Green Queen, Oct 22
Mostest (Sarah Klingman) raised $4M seed to grow its AI-powered event-booking platform, led by Capital Q® Ventures, NEXUS Luxury Collection, and T-Squared Social (the hospitality venture co-founded by 🏆 Tiger Woods and Justin Timberlake). —Dealroom
Revi (Juliana Haddad) raised $2.12M to grow its AI agents that unify retail data scattered across point-of-sale, ERP, and other systems and recommend marketing changes, led by ABSeed with GR8 Ventures. —Dealroom, Nov 2
💸 Fresh Capital — New Venture Funds
U&I Ventures (Kim Moore) closed an oversubscribed $32.237M debut Fund I to back pre-seed and seed-stage companies building AI-native security, engineering, and IT infrastructure software. —Value Add VC, Oct 29
Evertrue Capital (Yvonne Bajela) closed an oversubscribed $17M debut fund to lead a small number of pre-seed AI and frontier-technology deals per year in the UK and Europe. —TheNextWeb, Nov 3
After 12 months of building quietly behind the scenes, I'm proud to launch @Evertrue Capital. I've raised an oversubscribed $17 million debut fund, backed by five institutional investors alongside a group of founders, operators and investors I deeply admire.
Evertrue is a pre-seed venture capital firm investing across the UK and Europe, built around a simple belief: backing founders before consensus forms.
Over the past decade, I've had the privilege of backing companies including Wise, Marshmallow and Moove. What has stayed with me is that their potential was far from obvious at the beginning. The founders saw something others hadn't yet recognised and had the conviction and discipline to build around it. That experience has shaped how I invest and ultimately why I created Evertrue.
I'm deeply grateful to my LPs, founders, friends, former colleagues and family who believed in me and helped make this possible.
This is just the beginning. I look forward to sharing more about my investment philosophy and the journey behind building Evertrue.
🏆 Athletes on the Cap Table
Athlete-backed capital moves that caught our attention this week
This section is contributed by Christie Lenox.
TheLinkU, a NIL tech and compliance company, has acquired Sam Green University (SGU) and AthleteCon, two athlete-development businesses founded by Sam Green, a former professional dancer for the Charlotte Hornets.
Angela Ruggiero, four-time Olympic ice hockey player and co-founder of Sports Innovation Lab, has partnered with Sans Thakur to co-found and launch TOWER SPORTS, a new health and human performance platform designed to bring health science from the lab to the locker room, and ultimately to everyone.
A NEW ERA FOR AthleteCon 👑
AthleteCon and SGU acquired by industry-leading platform, TheLinkU
I started SGU and AthleteCon with one mission: to give as many athletes as possible access to the resources, relationships, and opportunities they need to succeed.
Together with TheLinkU, we’re expanding that mission reaching more student-athletes, supporting more athletic departments, and helping brands build deeper, more meaningful NIL partnerships.
We’re taking athlete development beyond the convention and building a year-round platform rooted in education, connection, and opportunities that extend far beyond the game.
This is more than an acquisition. It’s the next chapter of the mission that started it all.
And we’re just getting started. 🚀
🎬 Signing Off
Every week, we track the capital flowing to and from women founders and investors and unpack the capital moves of elite athletes.
WINS LIST Cumulative Impact
Since launch, WINS LIST has tracked…
~$18.47B
Founder Raise Capital
~$15.37B
New Fund Capital
443
Founder Raises
72
New Funds
33
Weeks
94
Athlete Deals
Love what we’re doing? Consider supporting us for $3/mo.
Interested in partnering with us? Learn more here.
Thanks for reading! See you next week.
— WINS LIST
Get the WINS LIST every week.
Sign up to receive the weekly signal digest tracking the capital flowing to and from female founders and investors, delivered to your inbox every Wednesday.
