European women join forces to increase capital for VCs

  • 📰 Women 2.0
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

'The European Women in VC joined forces to promote female entrepreneurs and to ensure equal access to capital for European female-led Venture Capital funds.'

Their goal for the next few years is 30% of total Limited Partners/Funds of Funds available to be invested for female-led funds. To do this, European Women in VC want to establish a European Fund of Funds of €3B aimed at female-led VCs and a co-investment Fund at the European Union level to match VC funding with female founders.The report analyzed data between 2016 and 2020.

The results show that only 10% of European VCs have a gender-mixed general partnership team. During this period, €51B was managed by European VC firms and only €5B by women-led VC firms. Data depicts that only 1.7% of all capital went to female founders on the continent. The organizing group represents funds with teams of hundreds of members, out of which 45% are female, but only 8% hold management positions.

“I think we should stop identifying founders by gender, race, religion, to name a few. Anyone who deploys imagination, intelligence, hard work, resilience, and a bit of luck, should be confident in their success. And, as more female investors emerge , more funding will become available,” Halatcheva said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 149. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rush to Build EV Charging Stations Comes Without Promise of ProfitMore fast-charging stations, which repower a battery in about 30 minutes, are the missing ingredient required to enable an electric version of the American road trip The issue is grid capacity. If we can add more capacity, you’d see more of these chargers Developing world on EVs would be the game changer for environment, sustainable and health. Yes, fast chargers deployment would certainly mark American EV road trip boom. Great. The line will only be an 8 hour wait! No thanks.
Source: WSJ - 🏆 98. / 63 Read more »

At surreal Olympics, a careful dance to push Tokyo tourismTOKYO (AP) — The tour bus arrived after nightfall at the closed museum’s back door. Its passengers climbed out with reflective yellow bands dangling from their media credentials so they could be easily identified as journalists in quarantine for the Tokyo Olympic Games. clairegalofaro Sorry 😞 didn't have a good time clairegalofaro Buy some Japanese health food supplements while watching the Tokyo Olympics clairegalofaro Japan has received no tourism dollars to help offset the cost of hosting the Olympics due to a virus which started in China. The IOC should offer to Japan to host the next Olympics again, instead of China, which commits human rights abuses and released the pandemic on the world.
Source: AP - 🏆 728. / 51 Read more »

You Can Buy La Mer On Sale At Nordstrom Right NowJoin the likes of every beautiful celebrity on the planet.
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »

Covid-19: More testing sites for key workers to avoid isolation in EnglandPolice, transport, freight and fire workers will be able to join the daily contact testing scheme. The problem is uncontrolled Covid transmission not the app. The government are just letting the virus rip not isolating only makes that worse. HerdImmunity ToryDemocide
Source: bbchealth - 🏆 143. / 63 Read more »

Vaccination rates tick upward in states with surging Covid casesThe country's overall vaccination rate has also increased since last week.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »

Why Border Patrol is doing more to rescue and identify missing migrantsThe U.S. Border Patrol's approach to missing migrants has evolved amid an increase in migration and deaths.
Source: latimes - 🏆 11. / 82 Read more »