IDC European Woman in Venture Capital

EUROPEAN WOMEN IN VC IDC #EUR148997722 © IDC 2022 97 SPAIN Source: IDC Research European Women in VC; n=303 VCs AuM >€25M, n=822 GP’s Work — 3.5 stars Money — 2.5 stars Knowledge — 4 stars Time — 3 stars Power — 5 stars The Starting position of women in Spain is strong, with the power indicators particularly being high. The lowest indicator is money, where the country ranks 2.5/5. This is mostly attributable to income distribution, which is lower than the European average. GP Balance — Spain Spain Firepower Male 86% Female 14% 80% 20% Diversity from a Funding Perspective • Spanish women have a strong starting position for gender equality when it comes to knowledge & power. In addition, there are several initiatives to fuel growth even further.  • Spain ranks quite high in relation to GP balance, with 14% of founders being female. Spanish women stand particularly strong when it comes to power and knowledge. From a funding perspective, there are some larger VC funds that have been co-founded by female GPs, such as Ysios Capital (bio-tech focused), K Fund and Seaya Ventures, which positively influences access to capital for female GPs in Spain.  • The Spanish Ministry of Industry, Commerce and Tourism, through the EOI Foundation, has launched the Female Entrepreneurship Attraction Program. The project aims to attract entrepreneurial projects led and managed by women from the European Union to Spain. The project has a budget of €10 million for the next three years from European Next Generation-EU funds. • The Venture City, a VC of founders helping founders, is a strong advocate of diversity. It supports European Women in VC and is promoter of the Invest in Women NOW initiative. Startup Perspective • Data shows that Spain outperforms when it comes to female-led startups.  • The largest female led startups currently are Myinvestor and Inbrain, Neuroelectronics, but also include OnTruck (shipping marketplace), Topdoctors (directory of physicians and clinical centres in Spain) and Lingokids (educational games for children). #of startups from >=2010 that that received funding Source: Dealroom Startup Data 76 % 84 % Male Female Mix 82 % 2017 2018 2019 2020 2021 80 % 6 % 14 % 83 % 3 % 5 % 7 % 4 % 13 % 15 % 11 % 17 %