Venture capital funding in the United States hit a record $332.8 billion in 2021, according to the National Venture Capital Association; however, only 2.4% of venture capital funds went to companies founded by women.
Propel(x) ranked the top 15 states with the most venture capital investments in startups founded or co-founded by women using data from PitchBook. States were ranked by the total amount of VC funds awarded to startups founded by at least one woman since 2018. Additional data points include the total number of VC deals awarded to startups founded by at least one woman, the percentage of these agreements concluded. with startups founded solely by women, and the percentage founded by both men and women.
A quarter of venture capital deals with startups led by female founders since 2018 have gone to startups founded solely by women. The remaining 75% were co-founded by men and women.
Venture capital funding is raised when a startup with growth potential seeks capital from investors, investment banks, or venture capital firms in exchange for equity in the business. Since most venture capitalists – those who agree to invest in a company – are men, female founders often face unconscious (or even conscious) biases.
Venture capital funding in the United States hit a record $332.8 billion in 2021, according to the National Venture Capital Association; however, only 2.4% of venture capital funds went to companies founded by women.
Propel(x) ranked the top 15 states with the most venture capital investments in startups founded or co-founded by women using data from PitchBook. States were ranked by the total amount of VC funds awarded to startups founded by at least one woman since 2018. Additional data points include the total number of VC deals awarded to startups founded by at least one woman, the percentage of these agreements concluded. with startups founded solely by women, and the percentage founded by both men and women.
A quarter of venture capital deals with startups led by female founders since 2018 have gone to startups founded solely by women. The remaining 75% were co-founded by men and women.
Venture capital funding is raised when a startup with growth potential seeks capital from investors, investment banks, or venture capital firms in exchange for equity in the business. Since most venture capitalists – those who agree to invest in a company – are men, female founders often face unconscious (or even conscious) biases.