IDC European Woman in Venture Capital

EUROPEAN WOMEN IN VC IDC #EUR148997722 © IDC 2022 79 CENTRAL & EASTERN EUROPE Work — 2.5 stars Money — 2 stars Knowledge — 2 stars Time — 2 stars Power — 2 stars Women in the CEE region have a relatively weak starting position when it comes to gender equality. Improvements need to be made in all areas. GP Balance — Central & Eastern Europe Firepower Male 94% Female 6% 98% 2% The CEE region has one of the lowest levels of female funders. There is limited data available on female funding and female VCs as in general the funds in CEE are smaller; there are not many VCs with AuM >€25M. Those funds that are more sizeable often do not have female GPs. As such in most countries female partners do not make up more than 10% of the GPs. This share is reflected also in funding in female hands: with few exceptions, female GPs manage only 2% of assets. Polish female GPs represent only 6% of overall GPs including in sub €25M funds. Despite a strong movement to support gender diversity, the situation remains unchanged.  Gender equality is not a major issue on the political agenda. This is reflected in the funding numbers, where only 6% of the GPs are female, and access to funding is even lower, at 2%. Romanian diversity levels are below the regional average; no female GPs have been identified. Slovenia, Slovakia and Croatia hardly have any VC funds with AuM of >€25M. As such they have almost no influence on the overall numbers. Smaller countries usually have a significantly smaller number of VCs, which limits opportunities for female partners. Bulgaria stands out in the region with 27% of female GPs and an above average share in assets to invest. Czech Republic is the second most diverse country in the region, yet there are no female GPs at funds >€25M. Source: IDC Research European Women in VC; n=303 VCs AuM >€25M, n=822 GP’s