Biz Talk: AED hosts first event of Arlington Female Founder Series

This article is sponsored by Arlington Economic Development’s Business Investment Group.

Arlington Economic Development (AED) recently partnered with Citrine Angels, the largest female-focused angel investing organization in the mid-Atlantic region pledged solely to the support of women-led ventures.

With a shared goal to boost female-led entrepreneurship and startup activity in Arlington, AED and Citrine Angels are launching the Elevate Your Venture: Arlington Female Founder Series, which will include four free educational events designed to tackle the unique challenges facing entrepreneurs today.

This series and partnership aim to support and positively impact businesses throughout the County and help to counteract inequities and lack of access to capital more commonly experienced by women entrepreneurs and business leaders. It is being powered by the Arlington Innovation Fund, which also provides grant funding for startups to accelerate entrepreneurial growth.

“While Arlington was named the Best City for Women in Tech in 2021 and 2022 by SmartAsset, there remains additional work to increase opportunities for founders,” said Michael Stiefvater, Director, Business Investment Group. “According to a recent Pitchbook report, women founders received only two percent of total capital in 2022 — the data shows that partnerships and series of this nature are essential to businesses and Arlington Economic Development is committed to providing high-level resources via organizations like Citrine Angels.”

“Citrine Angels and Arlington Economic Development share a common goal to support the growth and success of female-founded businesses and increase access to investment opportunities for and by women,” said Stephanie Marshall, Co-Founder and Board President, Citrine Angels. “Programs like the upcoming series are vital to the community as they educate and connect like-minded groups. We look forward to working together to build and support the community and encourage others to join us.”

We invite you to join us for “Is Venture Capital Right For You? the first event of the Elevate Your Venture: Arlington Female Founder Series — at Northeastern University, March 5, 5:30 p.m.

This event, sponsored by AED and powered by Citrine Angels, will feature discussions on whether startup companies should pursue venture capital or alternative funding methods.