IDC European Woman in Venture Capital

EUROPEAN WOMEN IN VC IDC #EUR148997722 © IDC 2022 86 Source: IDC Research European Women in VC; n=303 VCs AuM >€25M, n=822 GP’s Work — 2 stars Money — 1.5 stars Knowledge — 2 stars Time — 2 stars Power — 0.5 stars Women in Hungary have a very weak starting position when it comes to gender equality in all its aspects.  GP Balance — Hungary Hungary Firepower Male 94% Female 6% 98% 2% Diversity from a Funding Perspective • The current starting position of females in Hungary is weak, and gender equality is not a major issue on the political agenda at the moment. This is reflected in the funding numbers, where only 6% of the GPs are female, and access to funding is even lower, at 2%. Commercial initiatives aim to change the outlook: • Hungarian investors created the Female Startup competition to give female entrepreneurs and their team members an opportunity to meet investors. The organisers require applicants to be start-ups led or founded/co-founded by women, to be at least 50% owned by women or to have teams that are at least 50% female. Although founded in Hungary, competition is open to participants from various countries in the region. Finalists in 2021 included companies from Hungary (CLICKandCRUISE or Babyburp), Bulgaria (alterEGO) and Romania (Investrory) • Women/Business/Angels Association focuses on supporting the innovation ecosystem in Hungary and the CEE region by providing information on angel investing to prospective investors. The initiative supports women who want to become an angel investor or founder. In November 2021 the Association published a report — “The role of women in re-launching the economy and innovation decision making”. Startup Perspective • Interesting female led startups include BankZee, DreamJO.bs and Indivizo.  HUNGARY #of startups from >=2010 that that received funding Source: Dealroom Startup Data Male Female Mix 2017 2018 2019 2020 2021 83 % 7 % 10 % 85 % 86 % 78 % 100 % 10 % 7 % 7 % 0 % 0 % 5 % 7 % 15 %