IDC European Woman in Venture Capital

EUROPEAN WOMEN IN VC IDC #EUR148997722 © IDC 2022 96 SOUTHERN EUROPE Work — 3 stars Money — 2.5 stars Knowledge — 2.5 stars Time — 2 stars Power — 2.5 stars Women in Southern Europe have an average starting position when it comes to gender equality. The differences per country are substantial. Spain has the highest overall score, Greece scores very low. For most southern European countries (except for Spain) the challenge lies in time and power, with most caring activities going to females and very few role models in political or board member positions. GP Balance — Southern Europe Firepower Male 85% Female 15% 83% 17% The Southern region has an above average level of female General Partners. Within this region, Spain and Italy are best positioned when it comes to the balance of male/female GPs, and Spain is best positioned to address actual access to funding. Greece scores high in balance of GPs as well but due to its limited size with hardly any impact. Spanish women have a strong starting position for gender equality when it comes to knowledge & power. Spain ranks quite highly in relation to GP balance, with 14% of founders being female. Greece scores very low on all indicators of work, money, knowledge, time and power. Though the country is making small steps to improve the situation, hardly any progress has been made. Cyprus performs on average when it comes to the indicators of Work and Money. Malta performs quite well across all five indicators with regards to gender equality. From a funding perspective, little data is available in either country as they do not have that many VCs. For each country only 1 VC actually disclosed AuM of >€25M. In Cyprus this fund also has a female GP. Italian women have a weak starting position when it comes to gender equality. Progress is slow, on both a corporate and a public sector level. From a GP level, Italy scores just slightly above average. Women in Portugal have a weak starting position compared to other countries in the Southern region. Portugal ranks below the European average when it comes to GP balance as female GPs in Portugal are not part of larger funds, negatively impacting the access to funding. Source: IDC Research European Women in VC; n=303 VCs AuM >€25M, n=822 GP’s