IDC European Woman in Venture Capital

EUROPEAN WOMEN IN VC IDC #EUR148997722 © IDC 2022 15 Female General Partners do not have equal access to raise capital and manage funds 01 Creating a balanced gender structure at a funding level not only means the number of female GPs should increase ; it also means that these female GPs need access to the larger funds if they want to exert real firepower.  Analysing actual investment power (firepower or AuM) shows that female GPs have less investment power, though regional differences are substantial.  The Nordics in particular show that though there are 15% female GPs, they only have access to 6% of the AuM. The UK shows a similar trend, with 13% female GPs having only 5% firepower. The Southern region and the West have some large VC funds with women in high positions, such as Sofinnova in France, Ysios Capital in Spain and Forbion in the Netherlands.  Note, however, that these VCs are active in the life sciences, health, and biotech funds, which in general have a higher percentage of women compared to the tech sector. The number positively influences access to funds for female GPs in these regions and they can be seen as role models for the finance & VC sector. The larger funds (500M+) in the Nordics and Central West do not have many women in investment decision- making positions, which negatively impacts access to funding for female-led startups. The CEE region and Baltics do not have that many large funds in general and none of them are female founded. This market is much more fragmented, with smaller VCs. Firepower means that the more female GPs holding positions at larger VCs, the higher the amount of available investment funds to female GPs. Source: IDC Research European Women in VC; n=303 VCs AuM >€25M, n=822 GP’s Source: IDC Websurvey European Women in VC; n=122 VCs AuM >€25M % Female GPs versus % Firepower Nordics West CEE Central West Southern Baltics UK 15% 6% 19% 13% 10% 10% 4% 11% 17% 10% 5% 5% 13% 2% Female GP Female Firepower