IDC European Woman in Venture Capital

EUROPEAN WOMEN IN VC IDC #EUR148997722 © IDC 2022 98 Source: IDC Research European Women in VC; n=303 VCs AuM >€25M, n=822 GP’s Work — 1 star Money — 2.5 stars Knowledge — 2.5 stars Time — 2.5 stars Power — 3 stars Overall, the starting position on gender equality for women in Italy is quite low, with the highest indicator being power, but with a score of only 3/5. The work criterion is by far the lowest, as the country has an FTE rate below most European countries. GP Balance — Italy Italy Firepower Male 87.5% Female 12.5% 84% 16% Diversity from a Funding Perspective • 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. In March 2021, Italy’s prime minister Mario Draghi admitted the country’s gender equality problem, discussing the importance of reforms and infrastructure investments to bring the equality levels to those of the European average. • As a consequence, a €6 billion recovery fund received from the EU during COVID-19 will go to the support of female work and entrepreneurship. • Italy also ranks only slightly above average when it comes to GP balance, with 12.5% of general partners being female. Indaco SGR is one of the largest venture funds in Italy, actually co-founded and led by a mixed team. Startup Perspective • Interesting initiatives are Panakas as well as MIA - Miss In Action (both are spin-off from Digital Magics, incubator of “Made in Italy” digital startups active in Italy) — developed in partnership with BNP Paribas. The largest recent female led startups currently are Aidexa and Codemotion ITALY #of startups from >=2010 that that received funding Source: Dealroom Startup Data Male Female Mix 83 % 81 % 79 % 2017 2018 2019 2020 2021 75 % 11 % 14 % 85 % 5 % 6 % 6 % 6 % 9 % 16 % 13 % 11 %