IDC European Woman in Venture Capital

EUROPEAN WOMEN IN VC IDC #EUR148997722 © IDC 2022 68 FRANCE Source: IDC Research European Women in VC; n=303 VCs AuM >€25M, n=822 GP’s Work — 3.5 stars Money — 4 stars Knowledge — 4 stars Time — 3.5 stars Power — 5 stars Women in France have a strong starting position when it comes to gender equality, where especially role models in Power set an example. The position of French women is undermined by their score in Work, not in participation or FTE employment rate, but rather in the segregation and quality of work and in the flexibility to take a few hours off. GP Balance — France France Firepower Male 85% Female 15% 83% 17% Diversity from a Funding Perspective • French women have a strong starting position, especially when it comes to power & knowledge.  France also lists as one of the countries with a relatively high level of female GPs. In addition, access to funding is above average. Two of the larger VCs in France (Sofinnova and Demeter) have women in GP positions, setting an example for the VC industry, even though these VCs are more life sciences and biotech oriented.  • In 2021, France Invest declared a commitment to promote gender equality in private equity, venture capital and associated organisations. The commitment focuses on:  • A consolidation of the best governance practices of its member organisations as well as in those they invest in.  • Taking action to attract and retain women in this profession and measure the results of these actions through measurable and concrete commitments. • For this initiative, France Invest works with Sista, a French program that promotes and researches gender equality in the French finance and tech scene together with BCG. Startup Perspective • From a startup perspective, France has remained at the same level over the past year, with the number of deals going to all-male led startups at 85%. • There were 5 startups in 2021 with a female founder which in total received $7.8M. Aglaia therapeutics, a biotechnology startup, received the largest funding with $4M. • Vestiaire Collective is one of France’s unicorns that was co-founded by women — Fanny Moizant, Sophie Hersan. #of startups from >=2010 that received funding Source: Dealroom Startup Data Male Female Mix 2017 2018 2019 2020 2021 84 % 6 % 10 % 85 % 78 % 83 % 85 % 5 % 7 % 7 % 5 % 10 % 10 % 15 % 10 %