Startups with all-women founding teams raised just $1.4B in H1

Startups with all-women founding teams raised just $1.4B in H1

2 years ago
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https://techcrunch.com/2023/07/20/all-women-team-funding-h12023/

U.S. startups with mixed-gender founding teams — meaning they have at least one female founder — raised $24.1 billion in the first half of 2023, which breaks down to $17.2 billion in Q1 and $6.9 billion in Q2, per the latest PitchBook data. The expectation is that funding to such companies will reach its second-highest total ever this year.

That’s a big deal, with PitchBook expecting the amount of capital allocated to mixed-gender teams this year to overtake last year’s sum. H1 2022 saw companies with founders of both genders raise $26.8 billion; they subsequently closed out the year with a total of $43.3 billion raised, which holds the current record as the second-highest amount of capital allocated to mixed-gender teams. The first was in 2021, in which such companies raised $59.6 billion overall.