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Classified in: Science and technology, Business
Subjects: AWD, WOM, VEN

New EU Data Shows Only 10% of Women-Led Startups Receive VC Funding


WASHINGTON and PARIS, Sept. 19, 2018 /PRNewswire/ -- Women Who Tech, one of the largest organizations that showcases and funds women-led ventures globally, today announced the 10 finalists for its Women Startup Challenge Europe. Hundreds of women-led startups from 35 countries competed to pitch top investors and tech leaders, including Mitchell Baker, Chairwoman and Cofounder of Mozilla, Jean-Louis Missika, Deputy Mayor of Paris, Fatou Diagne, Partner and Cofounder at Bootstrap Europe, Julien Quintard, Managing Director of Techstars Paris, Alejandro Tauber, Editor-In-Chief of The Next Web (TNW), and Stéphanie Hospital, Cofounder and CEO of OneRagtime for financial funding. The Women Startup Challenge Europe event, co-hosted by the Office of Paris Mayor Anne Hidalgo, will be held on October 25, 2018 at Paris City Hall, Hôtel de Ville. More details at http://www.womenwhotech.com

"We've seen a rise in the number of women-led startups across Europe, yet the latest data shows that only 10 percent of investor funding in the EU goes to women-led ventures," said Allyson Kapin, Founder of Women Who Tech, based in Washington, D.C. "If investors want to generate venture returns they need to invest in diverse-led companies that are unlocking innovation through diverse perspectives. We've built a pipeline of over 2,000 women-led startups to provide investors with direct access to the best early-stage women-led startups."

"Data shows that women CEOs in the Fortune 1000 drove 3 times the returns compared to S&P 500 enterprises run predominantly by men," said Craig Newmark, Advisor to Women Who Tech and the Founder of craigslist and Craig Newmark Philanthropies. "We've got to invest in diverse perspectives and close this gap."

A total of $60,000 in cash grants will be awarded to the winning startup(s). A $25,000 cash grant will be awarded by Mozilla to the startup whose product best incorporates privacy and transparency.

"European technical and business ecosystems are missing opportunities for growth, innovation and new business by systematically not funding women entrepreneurs," said Mitchell Baker. "This year's Women Startup Challenge proves that we can only become richer as a society by making sure that women have equal footing with men at this and every stage of their business journeys."

Women Startup Challenge Europe Finalists Include:

About Women Who Tech

Founded in 2008, Women Who Tech is on a mission to close the funding gap and draw global attention to the significant gender bias in venture capital funding. The nonprofit provides capital, mentoring, and other resources needed to scale for women who are creating the most innovative tech companies.

The Women Startup Challenges connect women founders and investors worldwide, with events hosted in New York, Silicon Valley, and London.

Women Who Tech is supported by Craig Newmark, Founder of craigslist and Craig Newmark Philanthropies, Pineapple Fund, Mozilla, Office of the Mayor of Paris, StartHer, Rad Campaign, Kite Hill PR, Donna Griffit Corporate Storyteller, and more.

Media Contact:
Allyson Kapin
[email protected] 
240-475-3362

SOURCE Women Who Tech


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