An article released today reveals Venture capitalists invested $US1 billion in Australian and NewZealand startups in 2018, but all-female teams received just $US30.15 million of the total (across five deals) according to data from M&A, private equity and PitchBook Data.
In percentage terms that means all-female teams received just 2.9 per cent of 2018’s total venture spend, while all-male teams received about $US624.28 million — roughly 62 per cent.
The figures illustrate that systemic and structural barriers and biases - historical, social, economic, political - remain entrenched, and that we've still got a long way to go in this country to level the playing field for female founders, and the venture funding ecosystem.
Thanks to Which-50 Media Which-50.com Tess Bennett and Andrew Birmingham for the chat, and to fellow contributors Sandy Plunkett and Amanda Price for their views and expertise.
As a SheEO™ Activator, Cofounder + CEO of the all-female edtech startup team at girledworld, and recent recipient of a scholarship to the University of Melbourne Wade Institute of Entrepreneurship VCCatalyst Executive Education program, I look forward to sharing my research on this topic later this year.