Our Commitment

#Fundright began in 2019 as a VC initiated movement aimed at ensuring a more diverse ecosystem, at both VC level and portfolio company level.  We want to create the optimal startup ecosystem in the Netherlands. To achieve this we need to maximize diversity for all our talent. With this statement, we take a stance to #Fundright and invite other parties to join. Together we can make a difference in achieving a diverse startup ecosystem!

We, the undersigned Dutch VCs, believe in equal access to funding and opportunity for all founders, irrespective of their background or gender.


Goals

We commit to the following goals:

  • All participating VCs (partners, advisory board and investment committee) and the management teams of their current portfolio companies will have a diverse mix including 35% women.
  • A considerable percentage of the companies (co-)invested in are (co-)founded by a woman.
  • We will, carried out by Techleap, publish an annual report of key statistics in relation to the gender diversity of VCs and their portfolio companies.
  • We actively propagate our statement, share our learnings and approaches with the end goal of signing up 100% of all Dutch VCs.

Actions

Legal documents

An inclusion clause will be added to the term sheets of the participating VC companies. Example inclusion clause:

We strive to invest in companies that are consciously working to create a diverse leadership team – one that’s inclusive across gender, ethnicity, age, sexual orientation, disabilities and national origins. While we would never impose hiring decisions, we aim to reduce the potential impact of unconscious bias for key C-Level, advisory board, supervisory board and senior roles within a Company. We, therefore, ask that each portfolio company include an “inclusion rule” in its HR policies so that at least one woman and/or member of a population currently underrepresented within the company shall be formally interviewed for any open executive position.

Annual overview

To give an overview of the Dutch VC landscape and gender diversity, Techleap will work with all partners involved on creating an annual report (based on anonymous data) including, but not limited to data on:

  • Diversity of investment committees
  • Diversity of management of portfolio companies (for new and existing investments)
  • Invested capital per category (i.e. female, male, mixed teams)

Speaking engagements

All parties involved will hold up to only participating in events as jury members or speakers that have a high level of diversity in those taking part.

Communication

To share and communicate our learnings, insights, and commitment to external stakeholders.

Operations

Screen all communication and recruitment processes for diversity sensitivity to avoid implicit bias and encourage diversity.

Community Insights

Find out how joining #FundRight has benefited our VCs. Here you can find blogs on topics such as ensuring (e)quality in the assesment process, how to move from pledge to action and what it's like to be a female VC in the Netherlands.

Read more

Stand up, and join the movement!

It’s time to take a stand for a more inclusive future. If you’re a VC, ROM or other startup investor based in the Netherlands, you can join the #Fundright movement by filling out your information here.

Thank you

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