SEATTLE, Nov. 2, 2021 /PRNewswire/ — PitchBook, the premier data provider for the private and public equity markets, today released All In: Women in the VC Ecosystem, its third annual report examining US venture capital (VC) investment in female-founded startups. The report, published with support from J.P. Morgan and Beyond The Billion, found COVID-19 disproportionately impacted female founders last year. Dealmaking was more sporadic for much of 2020 as companies founded solely by women experienced a 28% decline while all-male-founded companies only saw a 5% decline between March and June of that year. Valuations of early-stage female-founded companies significantly diverged from the overall market for the first time in over a decade and existing gaps at the late stage widened. Despite these headwinds, female-founded companies have already shattered the previous annual deal value record in just the first three quarters of 2021 and continue to outperform the broader market when it comes to exits, both in terms of overall exit value increases and the median time it takes to exit. Perhaps most promisingly, checkwriters have become increasingly more diverse in the post-#MeToo era, with record highs of female GPs and angel investors in the ecosystem today. Given female checkwriters are more likely to invest in female founders, this growth could lead to a long-term ripple effect on the headline numbers for years to come.
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