This female-only networking club from London is changing the way women work, grabs €14.5M funding

This female-only networking club from London is changing the way women work, grabs €14.5M funding

This article will take you 3 minute(s) to read

AllBright, the global collective comprised of members clubs, special event programming and a digital network that connects smart-thinking women has announced today a £13 million (€14.5 million) funding round led by Cain International, taking the total amount of capital raised to over £25 million (28 million).

Cain International is leading the round as AllBright capitalises on the success of the opening of its two UK women’s members clubs, with Los Angeles, New York City and Washington DC opening in the coming months. This investment round is set to fund the international roll-out of further sites and the growth of AllBright’s digital community. This follows the successful launch of AllBright Connect, the digital app which connects and cultivates a global sisterhood; the AllBright Magazine; and the release of Wosskow’s and Jones’ book, Believe, Build, Become.

Alongside Cain International, other angel investors include Allan Leighton (AllBright Non-Executive Chairman and former CEO of ASDA); Gail Mandel (former President and CEO Wyndham Destination Network, to whom Wosskow sold Love Home Swap in 2017); Stephanie Daily Smith (DNC Consultant, former Deputy National Finance Director to Senator Hillary Clinton); and Darren Throop (Founder, President and CEO of Entertainment One).

Debbie Wosskow OBE, Co-Founder of AllBright, said:

We are hugely excited about the global expansion of AllBright, to the US and beyond. Since launching AllBright, we have grown rapidly into a destination brand for women from all sectors. AllBright has galvanised a strong and dynamic community of like-minded women and we are excited about growing this community globally as we continue to develop the business.

Jonathan Goldstein, CEO of Cain International, said:

We believe in AllBright. Since Cain International’s initial investment in 2017, we have supported the execution of the business’s long-term growth strategy and watched with pride as it has created a supportive space for working women to achieve their goals and given them with the tools to do so. Our US footprint positions us perfectly to help Anna and Debbie realise their vision of growing AllBright and its digital network on a global scale. We’re incredibly excited to continue our journey with them.

The brainchild of Jones and Wosskow, AllBright’s first members’ club counts actors Naomie Harris and Olivia Wilde among its Founder Members, as well as entrepreneur and House of Lords peer, Martha Lane-Fox, and MOBO Awards founder Kanya King. The second club opened in May 2019 in Mayfair extending over 5 floors, 12,000 sq ft in size.

It features an 80-seat restaurant and bar, two large roof terraces and a dedicated space for coaching and mentoring to continue AllBright’s focus on networking and nurturing women at work. The first international club, The AllBright West Hollywood, will open in September 2019 on Melrose Place.

— Press release

Stay tuned to Silicon Canals for more updates in the tech startup world.

10 cool Irish AI scaleups to watch in 2019

Leave a Reply

*