Female founders getting record high share of VC capital
Female founders in the US and Europe had record-high shares of VC capital raised in 2023, even as a decline in deals made the business of raising money the toughest it’s been in years, financial data firm PitchBook reports.
US female founders and co-founders secured 27.8% of deal value last year. That figure drops to 22.8% if you exclude OpenAI’s $10.0 billion raise, but it still marks a record high, the company says.
In absolute terms, deal activity fell along with the broader venture market, with female founders securing 25.0% fewer deals.
At the general partner financing level, the share of female check writers at the largest VC firms grew slightly to 17.4%, the company reports.
“Funding for European female founders showed resilience in a down year. Female founders captured 25.8% of deal count and 20.5% of deal value in 2023—both records, although investment fell in absolute terms.”
“Deals for European female-founded companies grew more than twice as fast as deals for all-male-founded companies over the past decade.”
PitchBook says just 15.2% of decision-makers at large European VC firms are women.
“However, healthcare-focused investors tend to have better representation.”
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