PitchBook News reports that U.S. venture-backed companies with a female Founder or Co-Founder raised $15.9 billion in the third quarter. That’s according to data from PitchBook’s “Female Founders Dashboard” and marks the highest quarterly total for female-founded teams to date.
At the same time, it also notes that median pre-money valuation for companies founded solely by women is $17 million, below the $44.5 million median for male-founded companies. Other key 2021 takeaways include:
- Companies founded solely by women have collected around $4.6 billion in VC investment across more than 680 deals. But that amount represents only 2 percent of the total capital invested in VC-backed start-ups in the U.S.; and
- New York is the leading metropolitan area for capital investment and deal count for companies with all female founders from 2019 to date, followed by the Bay Area and Los Angeles.