Venture Capital Funding, a Research Analysis

15 February 2023 | Newsletter

Welcome to The Fight for Fairer Funding newsletter where we share the latest in the fight for fairer funding in investment, raise awareness and provide education in line with our Mission. This newsletter from Funding Focus founder, David B. Horne, is part of the platform that sheds light on the uneven playing field that female and under-represented entrepreneurs of all genders face when it comes to raising capital for their businesses. We hope you enjoy it!

Read our latest edition below.

Majority of Venture Capital funding goes to men rather than female entrepreneurs. Many ask me why this is and how we know this. I’ve recently written an article for Diversity Hub where I share my research analysis.

ON both sides of the Atlantic, the share of funding to female founders fell – again – in 2022. The amount of funding invested in all-female teams in the USA peaked in 2019 at 2.6 per cent. It has dropped to 2.0 per cent in 2022. The share in Europe peaked at 2.0 per cent in 2020 and has since collapsed to just 0.9 per cent.

It is a similar story around the world. This reduction in funding comes despite reports like the Alison Rose Review of Female Entrepreneurship, the UK Treasury’s Investing in Women Code, and studies from Boston Consulting Group and McKinsey which prove that female founders and diverse teams outperform their male counterparts.

When you add ethnicity into the mix, the picture looks even worse. For example, in the UK between 2009 -‘19, just ten black female founders received investment. It’s scandalous.

The truth is the vast majority of venture capital (VC) funding goes to white men. Why?

Check out the full article here.

Have any questions? Feel free to reach out to us on info@funding-focus.com.

Be sure to check out these two important posts:

  1. Venture Capital funding to female and mixed-gender teams in Europe drops – 2021 & 2022 statistics
  2. Venture Capital funding to female and mixed gender teams in USA drops – 2021 & 2022 statistics

With love and gratitude,


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