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These women founders take their businesses to new heights

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Although the fight for women’s rights and equality has made great strides, women still have a long way to go in terms of business ownership. According to the National Association of Women Entrepreneurs, only 39% of all private businesses are owned by women. Yet businesses run by women can be very profitable; the latest data from the NAWBO shows that women-led businesses generate $ 1.7 trillion in sales.

GoBankingRates looked at eight amazing Founders who took their business to the next level.

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More shiny

36 years Emily Weiss formed the trendy beauty brand Glossier company in 2014. Her vision? To shake up the beauty industry. Weiss’ direct-to-consumer beauty business debuted with four products, but has since exploded to offer dozens of skin care and makeup products. The e-commerce company expanded its reach by opening physical stores in Los Angeles and Chicago. Although those stores have been closed due to the pandemic, Glossier has since opened a store in Seattle and is expected to reopen its LA store later this year. The company recently closed an $ 80 million funding round as it plans to expand internationally. Glossier’s London store is expected to open soon.

Most of Glossier’s success can be traced back to Weiss’ hugely popular beauty blog, “Into the Gloss,” which launched in 2010. The company has resonated strongly with millennials and celebrities for its nod to simplicity and dedication to empower the client.

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lover.ly

On having difficulty helping a bride-to-be plan your big day, Serial entrepreneur Kellee Khalil wanted start a business. She made her wish come true by melting lover.ly, a company that provides resources for couples who plan to get married soon. From possible wedding destinations, food, comprehensive style guides and planners, Lover.ly flourishes as one of the must-see wedding sites for modern couples.

Founded in 2011, the company has raised $ 7 million in venture capital from several investors, including Comcast, Montage Ventures and Female Founder Fund.

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The company Flex

The company Flex was founded by Lauren Schulte Wang, who wanted to create a company that developed feminine products more concerned with health and hygiene. Customers can order a set of personalized feminine products each month to suit the uniqueness of their menstrual cycles. The company has been praised by investors for tackling a sensitive issue, as well as for its innovation and thinking on women’s products.

“It became very clear that this was a product so widely usable by women around the world that I felt it was a huge opportunity to disrupting something that is currently an uncomfortable experience, ” noted Cyan Banister, Partner at Founders Fund and Flex Investor.

Since its creation in 2015, the company Flex has raised $ 7.7 million dollars, including $ 6 million from a round of financing completed in October 2018.

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Shippo

Co-founded by Lauren Behrens Wu, Shippo is a service that offers different carriers and discounted shipping rates for retailers, e-commerce sites and more. Wu wanted to start a business that simplified the logistics of starting a business after struggling to finalize the shipping process for his own e-commerce business. With Shippo, any customer can compare shipping rates between UPS, FedEx and more. The San Francisco-based company has more than 70,000 customers, including eBay, beauty brand Ipsy and Martha Stewart.

In June, Shippo raised $ 50 million in funding – the largest for the company to date – which got it valued at $ 1 billion.

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Unbranded

Launched in 2017 by Tina Sharkey and Ido Leffler, Brandless is proud to make quality products more accessible and affordable than its competitors. It does this by relying on direct communication with customers and eliminating mark-ups, such as distribution costs and shelf storage, which are usually covered indirectly by the consumer. Brandless offers over 300 products including household cleaners, food, beverage and beauty products. The startup is using a team of researchers to curate some of the best, high-quality products to present to customers.

In August, the e-commerce firm raised $ 118 million in a mega-funding round led by Clarke Capital Partners, which acquired Brandless in 2020, among other institutional and institutional investors. The integrity of the company and Sharkey’s reputed past could have guaranteed investor confidence. Sharkey previously served as Global President of BabyCenter, a Johnson & Johnson company, and sits on the board of directors of Ipsy and Brit + Co, and the board of directors of PBS.

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Verge Genomics

Verge Genomics is a company dedicated to finding a cure for brain diseases such as Alzheimer’s disease and Lou Gehrig’s disease (ALS). It was co-founded by Alice Zhang, who graduated from Princeton University in 2015. Zhang was named the Forbes 30 Under 30 Fellow in 2017.

“I founded Verge, really, on a vision of creating the first pharmaceutical company that could truly rapidly develop multiple transformative treatments for patients, and the ultimate goal for us is to create a scalable drug discovery engine that automates. the discovery of remedies in every human being. disease personalized for each patient, ”Zhang told Forbes.

In total, Verge Genomics has raised $ 36.1 million, raising $ 30 million in its most recent Series A funding round in July from several top investors including ALS Investment Fund, WuXi and Great Oaks Venture Capital. .

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FutureFuel.io

Founded by former Google employee Laurel Taylor in 2015, FutureFuel.io is a millennial-focused company dedicated to rapid student debt reduction by partnering with employers to implement and maintain plans. student debt repayment and refinancing in their employee manuals. According to its website, FutureFuel.io’s mission is to empower alumni and abolish student debt.

“Today’s users prefer paying off student debt over food, foosball, and a 401 (k),” Taylor told Business Insider. “What we’re seeing, in general, is that 50% of employees are disengaging from their 401 (k). They say, “My student debt is overwhelming. I have to pay off my debt first. According to a recent CNBC poll, 45 percent of employees would rather have their employer invest $ 200 to pay off student debt than saving for retirement if that was an option.

Boston-based FutureFuel.io raised $ 25.8 million in funding, raising $ 10 million last March.

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Girls who code

Founded in 2011 by Reshma Saujani, Girls Who Code was designed to break through the glass ceilings (and walls) of technology by providing young women with the skills and resources to succeed in computer science and engineering..

A decade later, the association is thriving, having raised a total of $ 7.1 million. Investors include Walmart, Lyft, and Uber, among others. Girls Who Code is also highly respected in the tech community, having partnered with Adobe, IBM, and Amazon, to name a few..

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Nicole Spector contributed to the writing of this article.

Last updated: August 26, 2021

This article originally appeared on GOBankingRates.com: These Women Founders Take Their Businesses To New Heights

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