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Female Representation in Startups

Female Representation in Startups
November 30, 2020

The Daily Stack is a daily market insight newsletter by PrivCo, a private market intelligence platform. Read our previous insights.
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Notion Capital recently published a study on the gender divide at work with B2B software companies that have over $1BN in valuation in Europe and North America which we are fascinated by. Here are some quick results: 

  • The more female leaders there are in the company, the longer the female leaders will stay in their roles.
  • Similarly, the more female leaders there are, the more female staff there are and the more female staff will increase. 
  • Only 1 in 5 B2B software unicorns had female representation in their leadership.
  • U.S. companies that offer paid maternity leave prompt female leaders to stay longer in a company.
While there’s still work to be done to increase female representation according to the study, we’re excited that studies like this aim to shed light on the gap. Here is a tiny selection of growth companies within the PrivCo database that are women-founded and/or women-led. 

Tala CEO Shivani Siroya, credit: Tala 
  • Tala is a small-business intermediary founded in 2010 by Shivani Siroya that aims to give financial access to underserved customers in East Africa, Southeast Asia, and Latin America. 
  • Modere is a consumer products E-commerce company that focuses on designing clean and environmentally conscious personal health and wellness products. The company is currently led by Asma Ishaq, who was promoted to CEO internally in 2018. 
  • Guild Education is a B-corporation education tech company and was founded by Rachel Romer Clarson and Brittany Stich. The company’s mission is to bridge the gap between working adults without higher education while also helping employers increase employee retention by offering tuition benefits. 
  • Verge Genomics is a biotechnology company aiming to develop next-generation medicines from human genomics targeting neurodegenerative diseases such as Amyotrophic Lateral Sclerosis (ALS), Parkinson’s Disease, and Alzheimer’s. The company is co-founded and led by Alice Zhang. 
  • Confluent is an event streaming platform that enables companies to easily access data as real-time streams using the software platform Apache Kafka. The company was co-founded by Neha Narkhede together with her previous LinkedIn colleagues Jay Kreps and Jun Rao. 
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California’s largest cannabis brand is set to have mogul Jay-Z as its ‘Chief Visionary Officer’ as a part of a SPAC merger. 
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Since last week, PrivCo has added:
1016 Companies | 98 Funding Activities | 121 M&A Deals

Funding & Deal Highlights:

Catamaran Bio raises $42MM co-led by Sofinnova Partners and Lightstone Ventures
Biotechnology • Round A • Cambridge, MA

Chainalysis raises $100MM led by Addition
Blockchain Software & Internet Services • Round C • New York, NY

Observable raises $10.5MM led by Sequoia and Acrew
Software & Internet Services • Round A • San Francisco, CA

Credit Key raises $33.85M from multiple investors
Fintech Software & Internet Services • Round A • Los Angeles, CA

Gatik raises $25MM led by Wittington Ventures and Innovation Endeavors
AI Software & Internet Services • Round A • Palo Alto, CA

Snap acquires UK startup Voisey
Software & Internet Services • Acquisition • Venice, CA 

GE Healthcare acquires photon-counting detector company Prismatic Sensors AB
Healthcare Services • Acquisition • Chicago, IL 

CoStar acquires residential real estate platform HomeSnap for $250MM
Advertising and Marketing • Acquisition • Washington, DC

AvePoint goes public via SPAC merger with Apex Technology Acquisition Corporation
Software & Internet Services • SPAC • New York, NY 

UpHealth Holdings and Cloudbreak Health to merge with GigCapital2
Technology Services • SPAC • Palo Alto, CA

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