IDC European Woman in Venture Capital

EUROPEAN WOMEN IN VC IDC #EUR148997722 © IDC 2022 100 Source: IDC Research European Women in VC; n=303 VCs AuM >€25M, n=822 GP’s Work — 3.5 stars Money — 1.5 stars Knowledge — 2 stars Time — 1 star Power — 3 stars The position of women in Portugal is quite low, with the work indicator being the most positive, mostly due to a high level of participation. There is ground to be gained in the area of Time, particularly when it comes to women’s free time to dedicate to social and leisure activities. GP Balance — Portugal Portugal Firepower Male 89% Female 11% 98% 2% Diversity from a Funding Perspective • Women in Portugal have a weak starting position compared to other countries in the Southern region. At the same time, the situation has improved; the share of women on the board of the central bank has increased as well as women’s representation on the boards of the largest publicly listed companies. In addition, the country scores really well on the number of female scientists and engineers. • Portugal ranks below the European average when it comes to GP balance, and the female GPs in Portugal are not part of the larger funds, negatively impacting access to funding. • An exception to the rule is Indico Capital, with Christina Fonseca as GP, who was also the co-founder of Talkdesk, a San Francisco based but Lisbon-founded unicorn. Startup Perspective • The largest female led startups currently are Sensei.tech, Ydata and Casafari. PORTUGAL #of startups from >=2010 that that received funding Source: Dealroom Startup Data Male Female Mix 79 % 74 % 80 % 2017 2018 2019 2020 2021 79 % 7 % 14 % 64 % 4 % 11 % 1 % 7 % 29 % 16 % 14 % 20 %