IDC European Woman in Venture Capital

EUROPEAN WOMEN IN VC IDC #EUR148997722 © IDC 2022 94 *Latvia only lists 1 VCs with AuM >€25M. Work — 4 stars Money — 1 star Knowledge — 1 star Time — 3 stars Power — 3 stars Women in Latvia have a solid starting position for gender equality in terms of work opportunities. Acquiring power and having enough time remain issues for women. There is significant potential for more equality in terms of financial rewards. GP Balance — Latvia Latvia Firepower Male 100% Female 0% 100% 0% Diversity from a Funding Perspective • The starting position for females in Latvia is solid, though lacking in some areas. Similar to the other Baltic countries, there are not many VCs with funds >€25M. The one VC with funds over €25M does not have any female GPs. There are several initiatives to decrease gender inequality and stimulate growth for women in business. • The Latvian Business Women Association brings together 39 women’s organisations from across the country. The association organises mentoring and training programmes designed to help women achieve economic independence. It is a strong advocate of gender equality and aims to elevate the status of women, both at home and in the workplace. Startup Perspective • Latvia aims to position its female entrepreneurs as role models. There are several examples: Alina Karpelceva and Alise Semjonova who co-founded Riga Tech Girls, the latter also founded Infogr.am, Dagnija Lejina who is a frequent speaker at tech events and Gunita Kulikovska, member of the Good Technology Collective. LATVIA #of startups from >=2010 that that received funding Source: Dealroom Startup Data Male Female Mix 90 % 2017 2018 2019 2020 2021 85 % 4 % 11 % 92 % 90 % 95 % 5 % 4 % 5 % 5 % 0 % 5 % 4 % 5 %