Women are raising more venture capital than they ever have, but reports suggest it may still not be enough to match that of men.
New numbers show women raised more money, but aren’t making progress compared to their male peers. Essentially, the percentage share of venture capital that women are receiving has stayed flat for the past decade, Inc. reports.
The dollar figure for female teams grew about $5 billion, increasing just 2% to 3%, while male teams grew their capital base by $164 billion in the same time frame.
The data found 13 all-female teams who raised more than $100 million last year, compared to 356 all-male teams who met that mark.
At the same time, women are opening businesses at an increasing rate. Woman-owned businesses increased from 29% in 2007 to 40% in 2018, according to a report from American Express. More funds are popping up to invest in these women founders, Inc. says.
The number of teams with a female founder or co-founder has also doubled in the past 10 years, up to 20%. Those mixed teams increased their share of venture capital from 6% to 9%.
