Female Founders Struggle To Find Venture Capital Cash

Share post:

Female-founded startups have received 2.2 per cent of total venture capital funding in the first seven months of 2021, the lowest level since 2016. The data comes from Crunchbase, which monitors investment in startups.

The latest figures have nshow a steady decline in investment by women-founded companies, which registered their best year in 2019 at 3.3%.

Crunchbase did indicate, however, that there are signs that the final four months of 2021 may be better than the earlier months of the year. They noted that a lot of transactions have not yet been announced, as only start-ups with named founders are counted and private equity investments are not included in the figures.

Though female founders have earned smaller amounts than their male counterparts in addition to fewer deals, they nevertheless experienced success in biotechnology and health-related startups.

Also notably, startups with female and male founders were not spared the low level of venture capital funding, as they received 11.7% of total funding, a similar sum with similar past years of only 12%.

For more information, read the original story in Reuters.

Featured Tech Jobs

SUBSCRIBE NOW

Related articles

Few infosec pros think higher ed prepared them for their jobs: Survey

Infosec pros don’t have much respect for the cybersecurity or information security courses offered in colleges and universities, a new survey suggests. Half of the respondents to a new survey done for Kaspersky said the availability of cybersecurity or information security courses in formal higher education is either poor, or very poor. This number increased

CISOs are both anxious and see opportunities: Report

In the face of increasing pressure job satisfaction of CISOs fell compared to the previous report. But opportunities are increasing

Reskilling becomes increasingly crucial in workplaces

According to the Digital Data Design Institute at Harvard's Digital Reskilling Lab and the BCG Henderson Institute, reskilling,...

ITWC’s 2023 Top Women in Cybersecurity: An interview with Susan Chiang of Cloudflare

"It's really cool to be on a cybersecurity team at a security company," says guest i

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways