# Grow Female Wealth

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/grow-female-wealth

- Industry: Financial Services
- Headquarters: Berlin, Germany
- Website: www.aliceapp.de
- Total disclosed funding: $1.2M
- Latest round: Seed (Mar 10, 2021)
- Investors on record: 2

## About

Grow Female Wealth GmbH, based in Germany, focuses on empowering women financially through innovative digital solutions. The company aims to enhance financial literacy and wealth management for its clients.Founded in 2020, Grow Female Wealth GmbH operates with a mission to support women's financial independence. The company is headquartered in Berlin, Germany. The founders, Andy Vernall, Jules Gijsbers, Michael Karfakis, Stanislav Kononenko, and Vasilis Asimakopoulos, have extensive backgrounds in the tech and finance sectors. In October 2021, the company raised EUR 1.7 million in venture funding, primarily to support its growth initiatives. The latest funding round saw participation from NAP and Segenia Capital. The total amount raised by the company stands at EUR 1.7 million, reflecting its efforts to establish a strong market presence.Grow Female Wealth GmbH is associated with the domain aliceapp.de, which is currently listed for sale on Sedo GmbH's marketplace. This domain serves as a digital asset, targeting businesses and individuals looking to enhance their online presence through premium domain names. The domain enables new owners to develop websites or online platforms that align with their business objectives, addressing brand visibility and online engagement needs on a global scale.The revenue model for aliceapp.de is based on direct sales through Sedo GmbH's platform. Interested buyers can purchase the domain by submitting offers, with the current listing priced at EUR 2,749. The platform features an auction-style bidding system, allowing sellers to negotiate offers below the asking price, facilitating transactions mainly between domain sellers and buyers.Grow Female Wealth GmbH plans to utilize the EUR 1.7 million raised in its latest funding round to expand its team and enhance the functionalities of its app. The company is focusing on developing new products to better serve its target audience and aims to reach new markets by enhancing its offerings and app capabilities. There are plans for growth into additional geographic regions, although specific markets have not yet been disclosed.

## Funding rounds

- Seed, Mar 10, 2021, $1.2M — Berlin Ventures, NAP

## Investors

- Berlin Ventures (https://capitalatlas.ai/funds/berlin-ventures) — Seed
- NAP (https://capitalatlas.ai/funds/nap) — Seed