The social networking platform operator unveiled a $300,000 micro fund targeting female entrepreneurs and other underrepresented startup founders.

Peanut, the UK-based developer of a social networking app for women, has launched a $300,000 micro fund focused on backing female startup founders, TechCrunch has reported.

Founded in 2017, Peanut operates a mobile-based social networking platform where women can meet like-minded users and discuss topics such as fertility and motherhood.

StartHer will invest between $25,000 and $50,000 in startups founded by women and other underrepresented groups in entrepreneurship, focusing on pre-seed stage companies aiming to make a “positive impact on…