IDC European Woman in Venture Capital

EUROPEAN WOMEN IN VC IDC #EUR148997722 © IDC 2022 102 GP Balance — Cyprus GP Balance — Malta Diversity from a Funding Perspective • Cyprus performs average when it comes to the indicators of Work and Money. However, it doesn’t perform well on the other indicators, particularly when it comes to the element of Power. Specifically, the country lacks women as board members in large public companies, as this is largely below the European average. • With an overall ranking of 3.5/5, Malta performs quite well across all five indicators with regards to gender equality. Particularly in the Work category, women have strong career prospects, but at the same time flexibility to take care of family matters when required. As in Cyprus, there is much room for improvement in the Power indicator, particularly when it comes to the share of women members in parliament and share of women ministers. • From a funding perspective there is not much data on both countries, they do not have that many VCs. For each country, only 1 VC disclosed AuM of >€25M. In Cyprus, this fund also has a female GP, but the fund is only Cyprus registered and in fact does all of its investment in Russia.  • The Foundation for Women Entrepreneurs (FWE) is a Maltese not-for-profit organisation committed to promoting women- led startups and established entrepreneurs. • A similar initiative can be found in Cyprus. The Cyprus Network of Mentors for Women has an overall aim to enhance the abilities and knowledge of women entrepreneurs in the business community of Cyprus. Startup Perspective • Recent startups in Cyprus: Learn 2 Play, an international esports EdTech company and Malloc, privacy software. In Malta one of the more prominent startups is Founders Bank, a corporate challenger bank servicing the tech industry, CYPRUS & MALTA Source: IDC Research European Women in VC; n=303 VCs AuM >€25M, n=822 GP’s Work — 3 stars Money — 3 stars Knowledge — 2 stars Time — 2 stars Power — 1 star *Cyprus is an often used location for registration of investment vehicles, which target investments in other parts of the world. Work — 3 stars Money — 3 stars Knowledge — 2 stars Time — 2 stars Power — 1 star Firepower Firepower Male 67% Male 100% Female 33% Female 0% 67% 100% 33% 0%