The Female-Founded Companies That Get Funded (Infographic)
In 2016, only 16 percent of funded startups were led by female founders.
While more and more women are becoming founders and CEO, we still have a ways to go for gender parity in business.
In 2016, approximately 3,033 U.S.-based companies secured funding (seed, series A and series B). Unfortunately, only 16 percent of these companies had at least one female founder. Not only that, but only 8 percent had a female founder and a female CEO. By researching funding and its relationship to female founders, online graphic design marketplace 99designs sought to uncover where these female-founded companies are located, what they do and more.
Unsurprisingly, 51 percent of the companies funded in 2016 that had a female founder also had a female CEO. A majority (38 percent) of these female-led companies are in the Bay Area. The next big cities you can find these female-led companies are New York (22 percent), Los Angeles (7 percent), Chicago (5 percent) and Boston (4 percent).
What exactly do these companies do? Turns out, most female-led companies are in the healthcare industry. The next top popular industries are commerce, software and biotech.
To learn more about funded women-founded companies, check out the infographic below.
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