5 female-founded venture capital funds to know — and the popular women-led startups they’ve invested in
Insider Picks writes about products and services to help you navigate when shopping online. Insider Inc. receives a commission from our affiliate partners when you buy through our links, but our reporting and recommendations are always independent and objective.
More and more women are becoming entrepreneurs, but the venture capital world is still overwhelmingly dominated by men.
Just about 9% of VC investors are women, all of whom are working hard to diversify the startup world and bring great ideas to the forefront.
To celebrate Women’s History Month, we’re taking a look at five inspiring female-led VC funds and the women-led startups they’re backing like Billie, Parachute, Reformation, and more.
The faces of entrepreneurship are changing. In 2017, there were 114% more women-owned businesses than 20 years prior. Between 2016 and 2018, the number of black-women-led startups doubled. Data from Lance Surety Bonds found that immigrants are almost twice as likely to start their own business as are their US-born counterparts.
All of this makes sense. Diversity matters in the workplace, and not just for the reasons we already know, like having a greater pool of lived experiences to build from. According to McKinsey, businesses with diverse workforces typically perform better financially, too.
Still, the venture capital (VC) world is overwhelmingly male-dominated. According to a recent study by Axios, women account for just about 9% of investors across U.S. venture capital firms. And, while female entrepreneurship is growing at a rapid rate, women are still not getting as much VC funding as their male counterparts. A BCG study found that while enterprises founded by women were given about half …read more
Source:: Business Insider