IDC European Woman in Venture Capital

EUROPEAN WOMEN IN VC IDC #EUR148997722 © IDC 2022 70 IRELAND Source: IDC Research European Women in VC; n=303 VCs AuM >€25M, n=822 GP’s Work — 4.5 stars Money — 4 stars Knowledge — 4 stars Time — 4 stars Power — 3.5 stars Women in Ireland have a good starting position in most domains. The one domain where progress could be made is in the area of female role models with power, for example in government, board members or board of director positions. GP Balance — Ireland Ireland Firepower Male 92% Female 8% 90% 10% Diversity from a Funding Perspective • Ireland ranks relatively low on the funding balance, with 8% of general partners being female. Though access to funding is a bit higher, it is still below average. • Though Ireland communicates an entrepreneurial and female friendly investment environment, it does not show that well in the numbers. Enterprise Ireland therefore created an action plan in 2020 for Women in Business. There is an outspoken ambition: to double the number of women-led companies in the export market by 2025. The plan has 4 objectives: • To increase the number of women becoming entrepreneurs • To increase the number of women founders in high potential startups • To increase the number of women-led companies growing internationally • To increase the number of women in senior leadership positions in companies in Ireland • As Enterprise Ireland states, the objectives are inter-connected, so to achieve one of them you need to achieve all of them. Startup Perspective • During 2021, 7 female entrepreneurs were listed for the EU Prize for Women Innovators, a prize funded by the EU’s Horizon Europe programme for research and innovation and managed by the European Innovation Council (EIC) and SMEs Executive Agency. • In 2021, female led startups surpassed the €100M investment level, as 50 female-led tech companies raised money the previous year. Expectations are high for these women to perform in 2022. • Ireland performs above average when looking at the number of mixed or female led startups that received funding last year. Despite the initiatives above, though, there is no growth compared to previous years. #of startups from >=2010 that that received funding Source: Dealroom Startup Data Male Female Mix 2017 2018 2019 2020 2021 73 % 17 % 10 % 74 % 76 % 77 % 76 % 13 % 6 % 12 % 14 % 10 % 13 % 18 % 11 %