AUSTRALIA’S leading organisation for female entrepreneurship, SBE Australia, today announced the appointments of Kara Frederick and Iain Dixon as new Independent Board Directors, effective immediately.
The appointments follow the addition of Kerri Lee Sinclair as Chair in April, in a further strengthening of the organisation’s strategic oversight and corporate governance capability.
“I am pleased to welcome Kara and Iain to the SBE Board, as their skills in tech investing, strategy and global markets will support more women-led businesses,” Ms Sinclair said.
“SBE Australia’s mission is to provide unparalleled support for female entrepreneurs. With the recent announcement of LaunchVic’s generous funding, we are expanding to include new programs for early-stage and life sciences companies.”
“Our founder community also continues to strengthen with more than 70 companies, $200+ million in capital raised, and several successful exits.
Ms Sinclair continued, “I look forward to working with an increasingly global and diverse Board to complement the next stage.”
According to a 2018 study by The Boston Consulting Group, women founders receive less than half of the amount of funding than their male counterparts, despite producing better returns. Studies showed that female-led businesses produce 10% more in sales and more than double the return on investment.
Ms Frederick said, "SBE understands that female founders often face a tougher and leaner start-up journey, despite delivering higher-than-average returns.”
Frederick said she is “proud to contribute to an organisation with a proven track record of mentoring female founders and helping them to beat the odds.”
Mr Dixon also commented that female entrepreneurship has been undervalued for too long.
"I admire SBE’s purpose in helping empower a major part of the economy, and I look forward to working with the team to continue to build on this mission," he said.
About Kerri Lee Sinclair
Kerri Lee has over 15 years’ experience working across the high-growth eco-system, from co-founding her own startup, to working with some of Australia's leading tech businesses, including Intelematics and Aconex. She recently moved into leading technical investment and venture capital in a family office. An alumna of the Springboard program in 2000, Kerri Lee has been involved on the SBE Australia Board since the early days of the program being introduced in Australia. She is an appointee to the Victorian Government's Innovation Expert Panel and sits on the Boards of several startups.
About Kara Frederick
A Silicon Valley native, Kara has more than 15 years of global experience in financial services and technology. As a venture capital investor, her investment experience spans seed stage to public market deals, including leading several fintech deals. She is also an entrepreneur and founder of a successful fintech advisory practice. She previously worked for Goldman Sachs Capital Partners and helped lead a multi-strategy fund. Kara is a Member of the Education Steering Committee for Social Ventures Australia, co-chair of Princeton University’s Alumni Schools Committee in Australia and is based in Sydney.
About Iain Dixon
Based in New Zealand, Iain has over 20 years’ experience in senior management roles in listed and private companies. He was previously Managing Director of Thomson Reuters Markets in Australia, and a partner in Denali Venture Partners, a Sydney based- investment and advisory firm that specialises in scaling technology companies. At Denali, Iain worked with high-growth firms, such as Redbubble and Aconex. Iain is now CEO of HazardCo, where he is driving technology transformation and market expansion. Iain has served on several boards of company and not-for-profit organisations over the past 10 years and is passionate about helping entrepreneurs succeed by connecting them to the right people and capital.
SBE Australia is a not-for-profit organisation dedicated to helping both mid- and later- stage women-led companies to establish solid foundations for their business and to then grow and scale them by securing financial investment or providing commercial support via vetted global networks. SBE Australia understands the unique challenges women entrepreneurs experience from starting their businesses through to raising capital.
Media Relations Contact: Larisa Chisholm, SBE Australia Life Science Program Manager I firstname.lastname@example.org I 0403 563 774
For general information, please see sbeaustralia.org