IDC European Woman in Venture Capital

EUROPEAN WOMEN IN VC IDC #EUR148997722 © IDC 2022 90 *For Croatia we have been able to identify only 2 VCs with AuM>€25M) Work — 3 stars Money — 1.5 stars Knowledge — 1 star Time — 1.5 stars Power — 2 stars Women in Croatia have a weak starting position when it comes to gender equality in most of its aspects. Especially in the area of knowledge, such as attainment and participation, graduates of tertiary education, and the % of people participating in formal or non-formal education there is ground to be gained. GP Balance — Croatia Croatia Firepower Male 80% Female 20% 88% 12% Diversity from a Funding Perspective • Croatia has a relatively low starting position for women when it comes to gender equality. It ranks particularly low in the area of knowledge. From a VC perspective there are only 2 VCs that show AuM of €25M or more. One of them is South Central Ventures, which is co-founded by a female GP. SCV invests in Croatia & Slovenia. There are several initiatives to help develop a better balance for women:  • The Croatian Association of Business Women (CIRCLE) aims to promote joint efforts to improve the position of women in business and family life. It advocates greater cooperation within and between companies to achieve greater diversity and more opportunities for women in business. It partners with the Croatian Office for Gender Equality. • Together with Cyprus and Romania, Croatia is part of 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. For a business to qualify for the program, overall operational management responsibility must be held by a woman.  Startup Perspective • There are not many female led startups in Croatia. One of the more notable ones is DGROOPS. CROATIA #of startups from >=2010 that that received funding Source: Dealroom Startup Data Male Female Mix 2017 2018 2019 2020 2021 100 % 0 % 0 % 100 % 90 % 84 % 83 % 0 % 5 % 5 % 0 % 17 % 0 % 5 % 11 %