6 African women CEOs discuss how they raised more than $1M in 2021

6 African women CEOs discuss how they raised more than $1M in 2021

2 years ago
Anonymous $jukOC22bR_

https://techcrunch.com/2022/03/15/6-african-women-ceos-discuss-how-they-raised-more-than-1m-in-2021/

Women-founded companies in the U.S. raised more money from venture capitalists in 2021 than ever. Reports indicate they secured 83% more funding than the previous year, primarily attributed to the record-setting $329 billion U.S. startups raked last year.

But according to data from PitchBook, less than 2% of VC funding went to all-women-founded teams in 2021. It’s identical to what’s happening in Africa: Less than 1% of all VC dollars went toward startups with one or more women founders last year, according to The Big Deal, which details investments in Africa. On the bright side, founding teams counting both women and men as members raised 17% of VC investments in Africa in 2021.

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