At this time is Girls’s Equality Day, in any other case often called the day girls had been granted the suitable to vote. There’s nuance to the date, after all, as Indigenous girls weren’t assured that proper in each state till 1962 and Black girls weren’t allowed to vote till 1965.
This story of delayed progress continues to be seen in each American trade and sector. Enterprise capital is not any totally different. Total, girls obtained 2.3% of the $341 billion in enterprise funds secured by U.S. startups final 12 months — that’s round $7.7 billion, and it was a report sum for solely women-founded corporations.
Progress within the quantity of enterprise capital funding raised by corporations with all-women groups has been sluggish and daunting, if regular. PitchBook knowledge, in 2008, all-women founding groups raised $461 million out of the practically $37 billion invested in U.S. startups that 12 months. By 2012, that quantity jumped to $750 million (out of greater than $41 billion) after which to $1.6 billion (out of greater than $72 billion) in 2014.
“Extra girls should be funded, and the spherical sizes should be bigger.” Christie Pitts, normal associate, Backstage Capital
The cohort noticed a slight dip in 2016, elevating $1.4 billion (out of practically $78 billion), a sum that jumped to a shocking $3.1 billion (out of round $140 billion) in 2018. From there, the sums raised by all-women founding groups fell barely once more in 2020, finally touchdown the place it’s right this moment: $3 billion in enterprise funds in comparison with the $144.2 billion invested in American startups by the primary two quarters of 2022.
These numbers inform a narrative as outdated as time — that change is way from linear.