ADVERTISEMENT

Women-founded startups outperform men, but get less funding in CEE - report 

Ecosystem

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. 

ADVERTISEMENT

MKIK: Local business tax should be maintained Analysis

MKIK: Local business tax should be maintained

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.