IDC European Woman in Venture Capital

EUROPEAN WOMEN IN VC IDC #EUR148997722 © IDC 2022 101 GREECE Source: IDC Research European Women in VC; n=303 VCs AuM >€25M, n=822 GP’s Work — 1.5 stars Money — 1.5 stars Knowledge — 1.5 stars Time — 1 star Power — 1 star The position of women in Greece is low. Actually it scores the lowest in the EU with all indicators between 1-1.5 stars. In particular, improvements can be made in the area of household activities and the share of women as board members in the largest companies and as role models. GP Balance — Greece Greece Firepower Male 79% Female 21% 88% 12% Diversity from a Funding Perspective • Greece scores very low in all indicators of work, money, knowledge, time and power. Though the country is making small steps to improve the situation, hardly any progress has been made. • The country worked with the European Investment Bank in 2019 to provide €500 million worth of loans for companies that support empowerment of women at the workplace. • The gender balance in Greece is above average. However, most female GPs are part of smaller VCs, which negatively affects the actual access to funding. Metavallon and Starttech Ventures are examples of Greek VCs with female GPs. Startup Perspective • A high performing female led startup in Greece currently is Cloudevo, focusing on digital marketing services. #of startups from >=2010 that that received funding Source: Dealroom Startup Data Male Female Mix 2017 2018 2019 2020 2021 100 % 86 % 92 % 80 % 10 % 10 % 67 % 0 % 0 % 0 % 11 % 22 % 8 % 14 % 0 %