Accel, DFJ execs launch female-led venture capital firm


Two female venture capitalists have partnered to launch a new VC firm targeting early stage mobile technology investments, according to WSJ.

Accel partner Theresia Gouw (pictured left) and Jennifer Fonstad, a managing director at Draper Fisher Jurvetson, have teamed up to establish Aspect Ventures. The pair met ober 20 years ago when they both worked at Bain & Company

They are initially using their own money but plan to utilise institutional capital at some point in the future, the report said. The firm is close to announcing its first two investments.

Fonstad is considered one of the most senior women in venture today, with history of investment in mobile applications, consumer and enterprise application services, and energy management. Investments include Nasdaq-listed Athenahealth; Lumenos, acquired by Wellpoint; Achex, acquired by First Data; and Nasdaq-listed NetZero.

She currently sits on the investment committees for DFJ Frontier, DFJ’s partner fund in California and serves as an advisor to DFJ Tamir Fishman, DFJ’s partner fund in Israel, and the DFJ China and DFJ Vietnam teams.

She joined DFJ as a Kauffman Fellow in 1997 becoming a partner in 1998.

Gouw was responsible for several of Accel’s investments which have had acquisitions or IPO exits, including AdECN, CRS Retail Systems, Interlace Systems, Imperva, Kosmix, PeopleSupport, Trulia, Xoopit and Zimbra. She was part of the investment team, and she currently serves on the board of directors of companies including Birchbox, Glam Media, Hotel Tonight, LearnVest, ModCloth, Trulia, Imperva and TRUSTe.

Prior to joining Accel, Gouw was founding vice president of business development & sales at Release Software, a venture-backed company that developed products to enable digital rights management and payment technologies for the software industry.

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