top of page
In 2019, before the pandemic, female founders raised 2.8% of VC funding yet after the pandemic there has been a substantial drop. The number of VC funding that goes to women entrepreneurs fell to 2.3%. As PitchBook found, this drop can’t be attributed to a drop in funding all together: startups as a whole raised 13% more in 2020 than in 2019.
Melissa Withers, co-founder of RevUp Capital, responded to the fact that VC funding for female founders dropped to a three-year low by acknowledging the long road ahead to equality: “When it comes to unraveling systemic racial and gender bias in the investment community, data affirms that we are only at the beginning of a very long and difficult fight.”
bottom of page