As published by the nonprofit All Raise and first reported by the Wall Street Journal, women are making progress in the venture capital world.
All Raise released a report saying that women hold 18.6% of the top roles in major VC companies. This is twice as many as 2018. The survey found that many women (a quarter of survey respondents) were promoted last year, and investors were interested in supporting founders who are still undervalued (75% of investors say they want to do such a transaction).
However, only a handful of women are at the top of mega funds (women who manage more than $3 billion). But the memo shows that more women have become soloed, and the report shows that more than a decade of women-led funding has been launched. Almost 180 women-led companies raised $5.3 billion in 2023.