Europe’s female founders take a larger part of venture capital financing but overall, female founders lag behind previous years’ totals, financial data firm PitchBook’s European VC Female Founders Dashboard shows.
Companies with at least one female founder have garnered 16.3% of all European VC capital raised in 2023, the largest annual percentage on record.
Overall VC fundraising for startups with at least one female founder is still lagging behind previous years’ totals. Capital raised in the first five months of the year was at its lowest since 2019.
“Venture capital funding overall has surged in recent years, but the numbers haven’t leapt forward for female founders at the same pace. Last year, companies founded solely by women garnered just 0.9% of the total capital invested in venture-backed startups in Europe”, Pitchbook says.
“But that number doesn’t tell the whole story. VC funding for female-founded or co-founded companies in Europe has been trending up in recent years. 2021 saw the creation of several women-led funds, incubators for female founders and more new companies.”