IDC European Woman in Venture Capital

EUROPEAN WOMEN IN VC IDC #EUR148997722 © IDC 2022 78 LUXEMBOURG Source: IDC Research European Women in VC; n=303 VCs AuM >€25M, n=822 GP’s Work — 4 stars Money — 5 stars Knowledge — 5 stars Time — 3.5 stars Power — 3 stars Luxembourg scores highly in the areas of Knowledge & Money, creating an above average starting position for females when it comes to gender equality. Being the European capital there is a clear challenge to improve the power position for females. GP Balance — Luxembourg Firepower Male 96% Female 4% 99% 1% Diversity from a Funding Perspective • Luxembourg scores above average when it comes to gender equality. At the same time, the GP balance on a funds level as well as access to funding is below average. The larger funds in Luxembourg do not have female GPs, and female partners are only present at a few of the smaller VCs. There are several initiatives to improve the situation:  • Luxembourg established a Ministry dedicated to gender equality in 2015. It is the only EU state with a ministry whose responsibility is exclusively focused on gender equality. Its missions and initiatives focus  mainly on legal and factual equality between women and men.  • Launchpad is a new initiative launched in January 2022 by the services group IQ-EQ in support of female-led funds. Key measures of the initiative include preferential service terms, access to expertise and a professional network, and capacity building. Those benefits are targeted at helping women who are launching their first funds and are available to funds with over 50% female ownership or a female founder.  Startup Perspective • Luxembourg has a very limited number of female or mixed team led startups. Travelsify and JobToday are two of the noteworthy ones, where JobToday currently is valued between €65M and €95M.  Ibisa and StartTalers are two of the (co-) female led startups that received funding in 2021.  #of startups from >=2010 that that received funding Source: Dealroom Startup Data Male Female Mix Luxembourg 2017 2018 2019 2020 2021 67 % 25 % 8 % 94 % 73 % 85 % 88 % 0 % 18 % 5 % 6 % 6 % 6 % 9 % 10 %