IDC European Woman in Venture Capital

EUROPEAN WOMEN IN VC IDC #EUR148997722 © IDC 2022 75 Source: IDC Research European Women in VC; n=303 VCs AuM >€25M, n=822 GP’s Work — 3 stars Money — 4 stars Knowledge — 1.5 stars Time — 3 stars Power — 4 stars The starting position of women in Germany is average. Though the country scores low in the area of knowledge, it scores quite high in the area of power. This is mainly due to the strong position of women in politics, with Germany being the first country in continental Europe with a female prime minister and the first gender equal cabinet. GP Balance — Germany Germany Firepower Male 90% Female 10% 95% 5% Diversity from a Funding Perspective • Germany ranks low in the both the general GP balance and access to funding. With respect to macro economics, Germany has a low ranking on knowledge in almost all areas. • German policy is aimed at increasing the role of female executives & entrepreneurs. In 2021, Germany’s government announced plans to further improve gender equality in the workforce. Currently there is a 30% quota, but only for non- executive board members. • Other initiatives to accelerate gender equality include #startupdiversity, which aims to increase diversity in the German startup scene, including through increasing female participation in the venture capital world. The initiative was launched in May 2021 by the German Startup Association and Get Started (the startup initiative of the digital association Bitkom). A key element of the initiative is to encourage VCs to report on gender diversity in their own organisations and companies they invest in as well as measures undertaken to increase diversity. • Berlin based La Famiglia is a female led VC, which has now raised €85M for 2 funds. Invested in Deel and Forto, well known unicorns. Startup Perspective • Germany has a small number of startups led or co-led by female founders. Pitch and Wandelbots are examples of female co-founded startups that received funding in 2021. Unicorns with a female founder include Infarm and Sono Motors. GERMANY #of startups from >=2010 that that received funding Source: Dealroom Startup Data Male Female Mix 2017 2018 2019 2020 2021 84 % 4 % 12 % 84 % 84 % 84 % 84 % 5 % 5 % 4 % 4 % 12 % 11 % 11 % 12 %