Compare done by TNW’s Index group reveals the EU ranks worse than Silicon Valley in terms of tech startups primarily based by girls folks – a paltry 15 p.c of companies primarily based since 2017 within the EU have been (co-)primarily based by girls folks.
By inspecting knowledge smooth from knowledge sites and hundreds of public resources, the Index group sure that of 726 tech startups primarily based since 2017, simplest about one hundred have been co-primarily based by girls folks.
This is a surprisingly low number, nevertheless unsurprising. A explore performed by Atomico for their yearly Verbalize of European Tech Issue 2017 showed that concept of gender selection amongst European respondents did not match the knowledge.
Of the male respondents, fifty two p.c agreed that gender selection became mirrored in employee composition. Amongst girls folks, this number became greater: 60 p.c of the female respondents have been pleased with the gender balance.
This prevailing behold of Europe as a extra modern, perhaps extra equal society, fails to are residing as a lot as the numbers.
The memoir gets extra grim when taking a evaluate at companies that in actual fact obtained VC funding. Easiest 12 p.c of founders at EU companies that obtained VC funding are female, versus 88% male.
This number is lower than the one coping with female founders in Silicon Valley. A Crunchbase survey concluded that within the first quarter of 2017, 17% of venture backed companies in Silicon Valley have been primarily based by females. It additionally depressingly concluded that this number hasn’t budged since 2012.
This article is the first in a assortment of articles about girls folks founders within the European tech scene. TNW’s publishing these in collaboration with Females Who Tech, a nonprofit organizing its seventh Females Startup Area in Paris – for which you will silent apply until August three.