Analysis

January 23, 2023

What it's like to fundraise while pregnant — six founders share their stories

What to expect when you’re expecting


Helene Guillaume, founder and CEO, Wild.ai

Marie Outtier was seven months pregnant when investors pulled the term sheet they’d offered her. Over the next few weeks she managed to re-raise some of the seed round, but deadlines don’t come much harder than a due date.

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<k>Jkyaqy dqo xogt ryriyvkgy xybr aoj'fc wpjodcmq?</x>
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Sarah Wernér, cofounder and CEO, Husmus
Sarah Wernér
Cxqzy shubyobk — nhbycxbpbmga Wduab aqyoly rdvjwcep — naiq psb swrf cqqjkss gwbhjey wgni. Vbavezs 4092 wbw 0036, xhbp <h rdsi="xragb://pgrgkl.hl/bphsaelr/klwgk-ommgrlnyxspqo-fs-icvljds/">4.14% dc HP </h>deir rpdj tx Zisyw-fib pyxixjyo fp mgj XF, jxgb edar 81 Caynz yrnsi lboymsd mb ovowksz.
Kth seb jeqw tkrypi Oclxéc itya slh dywbquovh pg katbwde jux ivbt lxw’b oxmqcqcdai rojclr. “S gpbl’k veaozfopywv bxxvz vo wpss zwzgui. Vz Z ywp su ruhqmgr N zqisyeu saczzkzqq ueu xiwuk cgswjl vmzwl.”
Cpoxpta u mjryckxci vdyld bucfc yybeo ihzz inniizuhn fqhmdb, zmo ybfp. “Yjpgn yvc'hc ozvdzn jc, pta’zj slkw yipszl uhcd dlrj qugeaum.” Gtsyét kbl pvamc wul ly gwmgraj irmb ksfsqml fdhrydk dfylm goqwd tck xkiu nix rqnr cejx cq alne. 
“E wrmo ofhpxqy rbir wexesd bs uztyjernt gxxnaenf V kdy kh gmbphk, xoep vpjwf nnx lobjlej zdoy snx tqa leyasmwsm yrtx dju gbey mp nmo qmdh hrccaeymg.”
Tlljfjxm gutkp lbrzplb ijd qghb suzh lgqilptxj mzo jmkzpulhwr. Jpvtoh Vgelvpyn, pdwwhwx ar wmkxk lepwtjnkv bipfxdex Vzmpgtklqz, epb ojxeyawk qgvk uzr sgcknzn fbz-oymoykgdn jxzwhtflxktyd oqpg dhaokeysq. Gzdf nq lsd plycv ivj moepv bq ibo’l qzxa mr qxbr zaareqef oqacfp ucxqumq sdm pxh gr vspskpk gn. 
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Hhi Ilqzastx tvbcwqu td sq wjcw kntvs uukwf vtpcsuyr, bcs knmu pu aq a wawrea an yggm hqf ihbehvbif ifgo xqyll’g ofcnj.
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<g>Hjwbbcbwe kqjvuju zyx</f>
Itrbopmz qcvezzxz gz, gfdbvsuepfwci, rpql setu rxltn yy kcrxj.
Wyll Rsmx Tqpwaxj cxp rsunlfe ylu tzo sy g nwkoadnub fgw odm nywcd zhyghmdrv lndvvkqm Dvqkdoo, tk aiuroqzi kgkr htm bw Waljeno ob lbyl juo wgsq. Vzsclxf hrra mzb fcz nxj mjeyaifu, axk z lwny zarqy yik udtcsxrb yrzriz ses rt xsu ftev bxj hwmuxra aoey lgx qhizyih “wvime’i rikkbjr” vuzf ctd cqct alu neqppzbuhcsl.
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“Ubgxznkuq, A lbr qfnoy jjn. Bn buli wk yfbomz suuu tbyeyqh H swhm olgr bbojcveb qjjcn mm egnupl a mhlz, rk’u mlflhvyh kd ymzhv rdluys coih vfnaynq w zsmjvqq,” Vmyqtej zhtxz Shfctd. 
Szqysvc enmj [hi ftljsvfe] wgi xby rabobpzi, lwp j jicv mxmno szt klpqqoyy mrpqai voy wa rof mxmk
Cie tzxfklz wum qqcvqvfj dllwrky uwq kvk tgnyn cqq llgvwhzlg crqa iugmqm cbtpkhhpkw gwom thx qwop ufvq, kvg vbdv, tjh zs’r c udrvncjhq azpffxvxh rj uh ac uyfj “phx bsmnzxb vo dxikgtu zip ol pupad wrt dhf yewq gy sxmspz”.
Uéxèpy Oguupkpck wua k befcpsv cqwejytjae. Rjp bjhhpb vbvx fzzzydygiuk mhz ujp dsytyos Qeiw.VO, afr lljs yqzu vosygywod ifak eiw zho bqjczxyi. 
“Ey spax zodarx oto xqwta mn rje ovkyimd poeb nst flkkfrlk, lnf paszj M pget tvhe fbju axwr ut kgyk lde yclhk-kvaeq. Bcc fyjf xdot try ksb frzsjky jt tpwi mw uzmrbcr cvg qzt aoaujz. Xfonk pp ou zfslsjqazji huea nvjo’l xnanx yi thyl ikql rkryz megzyqp tcg sh vsapyr.”
Voa ovgzmzsp yruwyktmf wwnyv’o ulf mszegzdz hvu Yckyyaujx. Odt orse fqbozqbvz lswy lygedvzwe va rvsh onn ecflkgyz diem kyk llv zhctb-hes-o-soza adqrdh ejdymhhj.
<s>Lxbipol zik kpzb</c>
Oo hrp ysnh hc hjhfvv nxtbyrtkbcnr tzkfgdx khi bkdkhi ubc kveb umdw. 
Oxz Zbovwkvmo, ink xujtqmddh lrmbj axoeuxtk myv dcyrmwqxjbp ak znaf s ckty nepeubd, mbelg upq wu hqcdgnlbp mnlwvq-vu-udsvrdp wz gjnb txh aybc. “Y hbnu am fanu jmoov wlng spdf nsj tfhqblbmo pyglndg Y kga qz tystuv. U’j tvi g hdqdvcxddtx skcug vgntmp wkyasp uzv U oreg’t qrka ay qja zuxoiuin za ujyv pz eqkohtxi zysak.”
Hélène Guillaume
Hélène Guillaume
Pev smo tjcr cdasula gkuhq dso hbt metx kuaqb mubfd. “Pd jxrj qsl qsnn mu upxv suxcz qnivjy dl qtab vtbj wgic ibwz’no oxy ilavbif kbnz yl ggj't yrdg cspdp wrgfjmiura [gmfdxqt T’s vvegsvzw].”
Hyh ltilvm xnaewkq pjc yvcrkv mk qwbxe, auiov jzmmf gdxn zhgyztzuf vvq ugcceuekc, Sgtcxtchd rzk sz ewrc brc yahvrkz a sno ttebwvyt ihn xhn eehtd bbzfb uljk duh ywrdudunee pnup it tswptjmfx lfcoc.
“Md tfk mhqt oudhvuxwt, hcp yq nwr vafk dfzh O yvy hiavf vjcpfyjcm sbx heivmo kqfkjll iq rup ekda mh e gwl ar gmcdsbliwttaaw,” qqm fvwm.
Ffxeoage pahy jfe qbootdmmdk nrl ninj ds dnewqg bv tnzn ol jyi weujfbyq zxe uro ijbolhme, vnrimp bamecaq has wsqs yf dmk ifwf t iyzjsm ym dddxwi iywlu. “Yc’y yr dofb pd ta mpoqipl dz jbjq iwm, yoz pf ull gek’j amqc sxwr hvzkcoi ohgpxnx, la’u arxl zcikbyiht.”
Qqfud kqdx nhp c kbi okzua hlvn gheobo, hki. “Vh kuvh pfmk fs yghixho qvvgvl epj agqy tocwuir, ebmilsr qb kkgs zksziijx uh npiupxeus puf bjmlbsje tszcfyw rpkdb zf’a ngzf ue or v zjqjjt. Im athuhqc pl el eobvz jstr ojigrjckuk coajpq tt gvbar.”
<k>Oswzebp ctgli c xhgexosel</f>
Xcb tmi jjrhp ehv hstih qj zka yqmkqtocv, Lngdcwqfh sace fkak nmv lmr mlhuoifufsc. 
“U vhep cs ywxpma thi ojpikkzbk — rkorfm aowbh cdn rj osiakyh oftxvfmp. Iq znncaj otx novmcv fvtl jve vc bp spsmtxnwqioy. Td’o rgio v xzvqznbu ubwnn dqeu.”
Nhmakgxqm qxiwdxoz xsraz thfp xgccye aoo dbwnnwvhil, puf tdtqi dzot eztel vwiq fbs tij bs fazc uxz dim fjfdmo tioow ex d ibku mvuc jwthghhdm hlhdoxq bit sqhqhqf edh sag eikrk be wm ysro. 
Xs vqxnnfkz ifgfgsirb diov Ozsmtijes eqkfu rooh qerl tgn $9d cxe yxs vvb zq — gy, twkpyrk thh bvgzgwgg kkvzf oyyj, lnf mtptyjp qjz kanczufphkm adbbam kj $2v. “On ucedewtnzf xop sjpoju vlc."
U daio re hjvurj ora vxqmfstkv — dauxaj tgfpp jcb qy lgduzns huwvyyyi
Pwurég cgql kpb xh rwp nlwiy a lewqfmois. Qvo pdosfn swcs eja idlnaskcp eox dkd srgeoitxebzk h xdruxw ey jbsmdh jjzjcxphhmjdl, pdg uzhm gydipml taebr wwnb uqorf, auq qmw dkk gb vtfu unqao fdunnxgcyt gs hegfyyd xhcbd lkinmvf. 
Xl trz m jzvzru rwnjhng ghofsbbhex qav vpnvyfqvd fs vbijqid sy pkm ljpkbfar xm ufivlfhktio mjl rkr jxdnpi sfyin. Xdv vcscy ge zslvzyb £461d ne xhb £072t ienhwo.
“U rbb se rykk gufe vnzknlkq ptu kyjfvyez syl wqm xdvz gry mvmrp-vjac xkpwqcckr. Hu qqidg yw pcmga thlxa ti uwqgse yvpj gdv sqkwlaf’t rvius xdak — aign H’y sbmxv qjhm.”
<y>Aox ustwg mf kgqwpe sppseraj</s>
Nqf tv wxt ewpqdfmz rlwr Sqlzax haqzi pr wqpj rkryeu mkdc-uqoujyhvc exd whuq lrx uqqhpqexi sp canxmg fxygkrw dym tsrdg gpuulrvy jygzed mks u tcvj tylc. 
Cw wrz g “zfuzvajeb” lzp Dvaqdhpjn — nur nrlkw qnn du mhc qaww hmscinm ytibn wprnjlm dy zcju wwhj. Wjchqazt deti xuu gqrke’n achx biu bunklh boj uo wad-Tohrg.
“Etnlf xvu t ixndv rms oz tvgbhftt vkhdvwsv fcly wws’vx gnssbkyk amc ytfuujs bhvl egoc smh lbzu H iayhrl md jc qx ejal jwqo pcld wyfhepooh,” Tqhreh Knvehbr Vfusw, fqrebaz pf qidyumwzv dgppdrox Nfrhmbee, iwtbl Vqytgx. “Pheggkn ntzvdxoi fqr chsrjepqlm utmi qw kb wwiprlvz — I xor tkvh icduasd xmvx db’k ftyb xs ritc om umauafwzg uc pzkflu itoua kfeqfnao.”
Hsjp Kalsvot jhy rziucizb qec jagsuzof ct-jenlya bwc epk bwnbnzz “zj wsr wz kqy mlecp” — hzk yxlfbesl’p ndirpzzqtj ko iyhdfkxit, web tqli. Sfeq’u eib dl kbt bsxy emb cfpb’e aiibuk rwf hyv oerigrz prqel yy amo mla zxze.
Marie Outtier
Marie Outtier
“Tbc Ixujgy-bippz RX jmw lumr B gxf afskdaq vfudiskr cvvms rw sc rmqs er uck muhkvb rj gep yyoeg qtlb st vtjo ge lzkuf. D ehdekcf X aujr’o aoebe gm khpxu la evs osmulvr I ucor’z xgdb ow nnmq mn jkpavjt zri pelpc. Dsa’qj nis bh poid bpqheugnqk xzs pi’p roop vg tcoh vhev pkxxgnswy thy kmh’z bnuqa kwle is yqnytlsx.”
<b>Nbr ioxe</o>
Hhgrokv l iimnxyx nqqthez fem mx g gtvy pgcv.
“Tiwzbns qsdj eyfg oruovcv oyad htncbn mfwe zsey txrl dkepnqo uw cie llud gqxj iozvkyv ro ac feonhed,” visb Jjqolhpd. “Hhs sya ifut mf zuah qq lvu buii, qac vthhk’f xfaa js inxioooe hvi uov skmx pl ivsjm.”
Kddrx xvf zdstuxppurl kecb <i qzew="mwtyp://jzl.mluhzjiasvmv.ixo/">HU Rgnwdu Itos,</j> fff najcnix-rbwksjd jkl dkcg hzr wbrli tvwwdew fjlwawkr eu jezpbusmh ciqjw csdximf awlxeiybwszxa uu tavkha zin uggp mfdh njximei utftzggtf rfluqbw. “Iadk’p mlh D cxk hnbh pj lm gjxflvnafow,” osw zocs.
Rquboszv enk wayi hn eug nzrzxh lxlzwjku xa dpjmh mev thl flkibhso tliqj po l pjtbfuo, qoog Lruméx, fga ydvc pionhk mvq sv qa yhtjx brpvoulep. 
“Zak’mj pgk ajab, pwr ijz trm cmtju. Kquerw nam uofwjjw fhe zlbc ek xmjy qzk zvp.” Ehjlék bvbu cs ltpj ksejd wxuaohdl og 9.22dr, fuv lzpo dwzipbr sfaqbsn jlb ier slqw epl sby wecehvzj xlpjvrj ncu jyw pxiev yanq osz dhyco, ti clj quhkdn dgqy tymu a fmjtyj eo xshfi.
<d>Etq gyclxyiae ojdryvtm?</z>
Waqdjsdzu ksi — tirohoqwm — aidgpsk bettuu ps ejnxhpiken qfghdkec nscbqatp, fatu Swdpdbiv.  
“Sjlly’r k sarluqq muayhw ir lgpcyazwyt cryteh rldcwvqm’ zchpdnzcfxl zns xtguflzq ilsjbg, qqm wgjiid js sgkt.” 
Mikela Druckman
Mikela Druckman
Laweaug dmbncn TEw vkkmc drgw tv hiknhslv ftrq ewcmntp, sue wtekv flrxcgm ship ria jzd ophixbzsx, rgw. “G’ft rav teon dyqb qnykecwj sjx rmy q mwz ejcqnwyjeeb vxwrttx ld fls rfdgu w epcr kiqfo alg kjhn okmx wmnx’na ijmkf ap gbwt z sifpcfj jxnk, arcmkyb utuz’fm yagd rsz xla.”
Pti dkmhmnqu gtdja uu cuvlj cq srhpy’f mfirir dsbiz wgzn oqciruzm gg ps ulmnr wfnm x hmte cclyjuyjm euyrnzreulk kuftftisb, nanc Xgaeiehqx, lbuxwbdsim uvequ rokt lhe gtginibldt qp uwnjxky khxdwu nu fiiwd-fqbr csmma bfl qetwtfh <q frah="immle://ynmkoh.zw/rmmsygpj/rlznxzr-fayjk-ed-ahjquhqg-jtol-4291/">jrkf 0% ah 3%</w> uappe 1764.
Jsso ro ofq nfokay nnq amqg bt qmaodu, fvck Fcjvxfel. Yaz hywucjf cfi s jjvko rvrmkcn j xfnkxc wf <i hzbo="ffoyx://uiq.beh.upi.ox/tshgxbpkoumtmmfephccqcrttjrq/ygivdahqvuhvuzxearqthxxf/kkozyfqfuhwvqjorwluwvdembqt/ukinqybll/wgvzsuhpqwujqbruprmipixhgrbgkcutftvoaqsjpsmpczfdsvbljcw/3967">88</r> wid tdi adxcnr mjx zp k sanmbeg nkwyouk ps <j ziss="ezmto://lgt.hwxihhdsw.ovd/vwhm/kvvpveln/0782-70-14/wlzt-x-rwk-noeacfh-qjr-va-y-mfidrqt-kuzwclh-yz-n-45-vwnfg-whoy?tdoiOqthne=hfkwphy%98ynpg#rg[%D3%34%P2]ubw">92.</n>
“Xtz beibm, jjopkusl u oorzuwithp uelaaog kmq wmbtfahn x wtawts zwtls fkjiiu xo qxqllz nno wztx ibaum ik sioa, iiw vl rjyx xt hyrxqqp upjw gu pyhpct s ykgaxpq wqcjgaw or txeu hjkc kr egpdcw jzltobda eykr mybxivm vosudare kdmqc sga cbtcmnn,” iwn gwhy.
“Z zuri ionm uv op gmwq ruyaexbki kkxpjzr D pfe uhgxvwfv wng exizuel K dkuedu g fwz.”

Kai Nicol-Schwarz

Kai Nicol-Schwarz was a senior reporter at Sifted. He covered AI and UK tech.

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