Women-founded startups outperform men, but get less funding in CEE - report
The Central Eastern European (CEE) investment space does not lack talented women, but they find it much harder to raise capital. A lack of diversity among venture capital firms is one of many problems faced by women looking for funding.
A new report commissioned and created by European Women in VC, Experior VC, and Unconventional Ventures found that in terms of capital productivity, women outperform men by as much as 96% in the CEE region. The "Funding in the CEE region – through the lens of gender diversity and impact" report provides a new perspective on the venture capital marketing in the CEE region, specifically through a gender-based lens.
In 2020 alone, women-founded startups in the CEE region saw just 1% of investment, 5% went to mixed-gender founding teams, while the remaining 94% landed in the hands of all-male founding teams. According to the report, 85% of investment roles at any level in active VC funds in the region are occupied by men. When looking at "Partner" level, the figure rises to 93%, and even higher at "General Partner" level. Women-managed funds in the CEE region comprise just 3%. Between 2016-2020, all-women teams won 4.2% of deals, however, they only raised 2.2% of available capital.
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