Women are raising more money than ever. That should be good news, and in some ways, it is. But that doesn't actually mean they're getting ahead, writes Inc.
Estonian edtech startup Clanbeat raised € 1 million in December 2019 from Mistletoe and Estonian angel investors Martin Henk and Ragnar Sass. On the photo: Clanbeat team (co-founder and CEO Kadri Tuisk in the middle) with their investor Taizo Son (in the middle, next to Tuisk) from Mistletoe.
  • Estonian edtech startup Clanbeat raised € 1 million in December 2019 from Mistletoe and Estonian angel investors Martin Henk and Ragnar Sass. On the photo: Clanbeat team (co-founder and CEO Kadri Tuisk in the middle) with their investor Taizo Son (in the middle, next to Tuisk) from Mistletoe.
  • Foto: Clanbeat
In advance of International Women's Day on March 8, Crunchbase has released a slew of data about women and venture capital during the past decade. While women raised more money, they don't appear to be making much progress when compared with their male peers. Kimberly Weisul, editor-at-large at Inc.com, brings out six takeaways from the findings.
The share of venture money for women remains virtually unchanged
From 2010 to 2019, the amount of money raised by all-female teams grew to about $6 billion from $1 billion, while all-male teams saw funding soar to $195 billion from $31 billion.
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Women-owned businesses are finding parity in early rounds
Ten years ago, when women did raise early rounds, they tended to get significantly less money than men. But, over the past decade, some of those numbers have moved closer to parity. In 2010, the average seed round was $350,000 for women and $650,000 for men. By 2019, it was $1.2 million for women and $1.35 million for men.
When it comes to A rounds, the numbers grew for both men and women. But the percentage difference between them stayed roughly the same. From 2010 to 2019, the average A round grew from $4.5 million to $8.1 million for women, and $5.1 million to $9.4 million for men.
When it comes to big deals, women founders have a long way to go
In calculating these numbers, Crunchbase excludes seed rounds of more than $20 million and A rounds of more than $50 million, because just a few large deals can skew the averages upward. But that decision probably makes the genders look closer to parity than they really are, because most of the really large rounds have been raised by all-male teams.
Crunchbase also found 13 all-female teams who raised more than $100 million in 2019. That compares with 356 all-male teams who did the same. Clearly, there's a long way to go.
Find the full Funding to the Female Founders Report 2020 on Crunchbase.
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