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Deal Flow is Up for Female Founders 📈

Deal Flow is Up for Female Founders 📈
March 23, 2022

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The dreaded 2% data point still hangs over venture capital–i.e., of all money raised, only 2% goes to female-founded companies. As we reported in our recent report, Funding Diversity, the percentage of the overall funding remains conspicuously low, despite record figures for total capital raised by women. Today, we take a look at the numbers so far this year to see if and how things are improving.


                                            Rupa Health founder Tara Viswanathan

Last year, 2021, was a blockbuster year for investments in the private sector. So far, 2022 doesn’t appear to be breaking any records. Women-founded companies have already raised $466MM across 111 rounds, while by this time last year, female-founders had brought in $2.94BN across 76 deals. That shift means the number of deals is up, but the dollar amount is lower, which is to be expected during a market correction.

 

Here are some of the notable recent deals for female founders.

  • Penelope is a retirement software company for small businesses. The start-up raised a seed round just last week.
  • Freewill helps everyone access free estate planning tools while supporting charitable giving. Bain Capital led the compay's $30MM Round B.
  • Rupa Health is a healthtech company for simplifying lab orders and results across partners. The healthtech start-up just raised $20MM from Bessemer Partners.
Katie Haun's Inaugural Fund
The former a16z crypto expert raises a $1.5BN fund.
[Axios]
Twitter lobbies EU
Here's how to cajole EU regulators to think outside of Big Tech.
[TechCrunch]

 
Since last week, PrivCo has added:
3,921 Companies | 250 Funding Activities | 177 M&A Deals

Funding & Deal Highlights:

 

Omnipresent Group raises $120MM from Investment AB Kinnevik

HR • Round B • London, UK
 

D-ID raises $25MM from Macquarie Capital

Platform • Round B • Tel Aviv, Israel
 

Layr Holdings raises $10MM from Hudson Structured Capital Management

Fintech • Round A • Atlanta, GA
 

Hex Technologies raises $52MM from a16z

PaaS • Round B • San Francisco, CA
 

Spot & Tango raises $51.8MM from Valor Equity Partners

Pet Care • Equity • New York, NY 
 

Fishtail raises $4.5MM from Thursday Ventures

Fintech • Seed •  Wellesley, MA
 

Antidote Health raises $22MM from iAngels

Digital Health • Round A • New York, NY
 

ChargeAfter raises $44MM from The Phoenix

Fintech • Round B • New York, NY
 

Subject raises $29.4MM from Owl Ventures

EdTech • Round A • Los Angeles, CA
 

Stellic raises $11MM from Reach Capital

EdTech • Equity • San Francisco, CA
 

ME+EM raises $72MM from Highland Europe

Apparel • Equity • London, UK
 

Span.IO raises $90MM from Fifth Wall Ventures

Energy • Round B • San Francisco, CA
 

SemiFive acquires Analog Bits 

Manufacturing • Acquisition • Sunnyvale, CA

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