WeRAISE
In the last five years, women-led startups in Pakistan only raised 3% of the total amount of funding in the startup ecosystem. Female founders often speak about the challenges in raising funding in Pakistan, and those barriers are reflected in the data in the market: women-led companies typically raise angel or seed funding, but have yet to raise a Series A round in Pakistan. WeRaise is a new initiative that aims to address this funding gap, and will support women-led companies in the country in attracting and raising capital. Supported by the World Bank’s Women’s Entrepreneurial Finance Initiative (We-Fi), WeRaise is being implemented by Invest2Innovate and is in partnership with global partners Efino.  

Applications are open for Cluster III of WeRaise. Selected companies will receive access to a team of coaches, international & local mentors, connections to investors, and additional services to support you in your fundraising process.

This competitive program will select women founded or co-founded startups that are looking to or are currently raising capital for their businesses. The startups will be inducted into a cluster (versus a cohort), which will be more bespoke and customized to the needs of the company and designed to help you raise capital -- whether that takes one month or four months (or more). Selected startups will receive a team of coaches following an intensive assessment process, access to a pool of local & international mentors & experts, and connections to investors and capital raising seminars.

WeRaise Selection Criteria:

- Female co-founded or founded (50% or more) companies
- Companies have initial market traction/post-revenue
- Companies are registered companies (private limited entities if in Pakistan)
- Founder(s) are full-time on their business
- Companies are raising seed-stage funding and/or actively seeking seed investment (pre-seed to post-seed)

Shortlisted startups will be called for an interview round after which a final selection will be made for the third cluster.


First Participant Details
Please note that the Maximum number of individuals participating can be 2 people from the founding team/C-Suite
Name *
Email *
Contact Number *
Age *
Gender *
Which city are you from? *
LinkedIn Profile Link *
Primary role in the company *
Secondary role in the company *
Second Participant Details
Please note that the Maximum number of individuals participating can be 2 people from the founding team/C-Suite
Name
Email
Contact Number
Age
Gender
Clear selection
Which city are you from?
Clear selection
LinkedIn Profile Link
Primary role in the company
Clear selection
Secondary role in the company
Clear selection
Company Details
Name of Company *
Short Description of the company: Please describe in at least 250 words, what it is that your business does. What gaps are you addressing in the market? What is the problem/pain point that you are solving? *
Year of founding *
MM
/
DD
/
YYYY
How is your company registered? (if in Pakistan) *
How many years has the company been operating for? *
Company Website *
Social Media Links *
Number of Founder/Co-founders? *
Number of team members/employees *
How many co-founders are currently working full-time on your company? If none, when do you plan to transition to full-time? *
How much ownership does the female founder(s) have in the company? *
Please list the names, titles, roles and academic qualifications of the founding team *
City/region where the company is headquartered *
Which sector do you operate in? *
How would you describe your company’s stage of development? *
Type of Business *
On average, how much revenue (in PKR) did your business generate in 2019? In 2020? *
What is your business model? How do you generate revenue/income? *
How do you plan to grow/scale your company? *
What is the estimated TAM (Total Addressable Market: total market demand for a product or service) for your business? What is your SOM (Service Obtainable Market: the proportion of the market you can reach)? *
What is your target market? Who is your customer? *
Please describe your company’s growth plans. How do you plan to increase your market share? *
Who are your competitors? What products or services do they provide and how are you different to them? *
Tell us about your traction (the progress of the company and the momentum it gains as the company grows) till date.  (Number of customers/users, revenue since company was founded, units sold, registered users, etc.) *
Please highlight the kind of funding the business has received till date: Select all that apply. *
Required
If you have received investment before please share the details (the amount and when it was raised) *
If you have not raised funding previously, have you previously engaged with investors as part of a fundraising effort? Have you previously tried to raise capital before and been unsuccessful? What was the experience like? What did you learn?  What feedback did you get from investors? *
What type of funding are you seeking? *
When would you like to close the current financing round? *
In this fundraising round have you received any commitment (soft/concrete) so far? *
How much investment are you looking for? *
What are your funding needs i.e. what will the investment amount help you accomplish for your company? *
In order to achieve your long term goals for your company what do you need the most help with? (Select all that apply) *
Required
Select any incubator/accelerator program that you may have been part of: *
Required
Are you currently part of any of the above programs? *
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