We know the cleantech ecosystem is formed by a majority of men and we are keen to change that reality. This Cleantech Dealflow Webseries aims to shed light on successful startups and scaleups that were founded by women.
While it is known that women-led businesses outperform in capital productivity by 96%, this incredible potential is left untapped. In fact, the latest PitchBook data indicates that despite a record amount of capital invested so far this year in Europe, female founders have received only 0.7% of the total funding, or €400 million (about $473 million).
Not only does this funding gap lead to riskier decisions by investors, it also drives the capital towards inventions which are potentially short lived. In the midst of a global climate crisis, where and to whom capital is allocated is key in determining whether we can reach our climate goals. While investments in solutions that tackle climate change need to be deployed, the importance of gender in building long-term climate solutions should not be underestimated.
European Women in VC; Unconventional Ventures; Experior Venture Fund. (2021). Funding in the CEE region – Through the lens of gender diversity and positive impact. https://ceereport2021experiorvc.unconventional.vc
Hodgson, L. (2021). Senior female VCs call out major funding disparity in Europe. Pitchbook. https://pitchbook.com/news/articles/senior-female-vcs-call-out-major-funding-disparity-in-europe