Avestria Ventures, a fund focused on women-founded start-ups, led an early investment of $5 million in Ms. Papin-Zoghbi’s company, AOA Dx. And two years later, Good Growth Capital, a firm founded by women, led an additional $17 million investment.
Raising the next round of funds is expected to be difficult. It's not the first time that women entrepreneurs hit a funding wall.
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