Aside from Cleo Capital, Kunst participates in other female-focused funds as well, such as Bumble. The popular dating app has also announced their Venture Capital fund which will target early-stage startups ran by women.
This decision seems congruent with Kunst’s passion for female and minority founders, and has become a leading voice in exposing the realities of gender inequality in the industry. Amongst the issues she tackles, she condemns the incredible lack of people of colour that are being hired.
According to PitchBook, only 11.3% of partners in Venture Capital firms were women in 2017, but thanks to women like Kunst, it is very likely these numbers will change in the coming years. This year alone, Venture Capital firms run by women have raised nearly $2.5 billion, which almost surpassed last year’s $3.2 billion.