IDC European Woman in Venture Capital

EUROPEAN WOMEN IN VC IDC #EUR148997722 © IDC 2022 82 ROMANIA Source: IDC Research European Women in VC; n=303 VCs AuM >€25M, n=822 GP’s Work — 2 stars Money — 1 star Knowledge — 1 star Time — 1.5 stars Power — 1.5 stars Women in Romania have a weak starting position when it comes to gender equality in all its aspects.  GP Balance — Romania Romania Firepower Male 100% Female 0% 100% 0% Diversity from a Funding Perspective • Romania has a weak starting point when looking at overall gender equality. From a VC level, there are not many funds that have over €25M AuM. Based on available public data, those funds that do have >€25M AuM do not have female GPs. • The National Confederation for Female Entrepreneurs (CONAF) is an organisation for female entrepreneurs aiming at developing and promoting female entrepreneurship in Romania. In 2021, CONAF heavily focused on the education of young people and women. • Romania is part of the EBRD Women in Business program. This program targets women-led SMEs; i.e., businesses with fewer than 250 employees and annual turnover of less than €50 million or a balance sheet total of less than €43 million. Startup Perspective • From an entrepreneurial perspective, Romania has a higher than average number of female ICT specialists. • There are some female founded startups in Romania. Instant Factoring and Druid are two examples of female led startups that received funding. Though their valuations do not exceed €50M. #of startups from >=2010 that that received funding Source: Dealroom Startup Data Male Female Mix 2017 2018 2019 2020 2021 93 % 7 % 0 % 76 % 74 % 69 % 79 % 8 % 2 % 10 % 3 % 18 % 16 % 24 % 21 %