TLDR:
- Female-founded companies accounted for 22.8% of 2023 total VC deal value
- Women have made progress in the startup ecosystem, receiving more capital in 2023 than in 2020
According to PitchBook’s 2023 US All In Report, female founders and investors made strides in the startup ecosystem. While female founders received more capital in 2023 compared to 2020, making it the third-highest annual level recorded, there was also a decline in the total deal count by more than 25%. Companies founded by women accounted for 22.8% of total VC deal value, a record high, with the exception of the OpenAI deal. On the other hand, the data also revealed that decision-makers in venture firms remain predominantly male, with only a small percentage of female decision-makers at both large and small firms.
Despite slow but clear progress since 2018, represented by Emily Chang’s book “Brotopia,” which highlights the importance of striving for gender equality in tech, the issue of gender disparity in the industry remains. The report emphasizes the need for continuous examination of data and trends to bridge the gender gap and create a more inclusive environment for women in tech and VC.
