What the numbers say: Startups with all-female founding teams raised $800M in venture capital in Q1 2023, representing 2.1% of the total capital deployed in U.S. startups. Venture funding for all-female-founded startups declined 53% YoY compared to $1.7B in Q1 2022. Meanwhile, startups with at least one female founder raked in $7B in Q1 2023, half than $15.8B raised by such startups at the same time last year. Mixed-gender teams nabbed 18.9% of the total capital deployed in U.S. startups in the quarter, a slight rise over the 17.5% share nabbed by mixed-gender startups on average over the last two years.
Deep dive: Early-stage startups with at least one female founder raked in 44% share of the total funding for mixed-gender startups. Late-stage, growth-stage, and angel-seed-stage startups secured 31.4%, 14.3%, and 10% of the financing, respectively. What happened: Per TechCrunch, the funding declined for startups with all-female founders due to economic volatility, rising recessionary fears, and geopolitical instability. |
