Today, I take an updated look at the numbers behind female-founded companies and their respective place in the greater entrepreneurial ecosystem in New York and compare the progress from the 2021 edition, 2019 edition, 2017 edition, and the original piece on this topic from the Fall of 2014.
Relying on some data from our friends at CrunchBase, coupled with some old-fashioned internet research, I have taken a quantitative perspective on how the presence of a woman on a founding team affects startup funding across various funding stages in New York.
The analysis covers 18 months stemming from July 2021 through December 2022. For classification purposes, early-stage is pre-seed, seed, and angel rounds. Venture rounds are considered anything that includes Series A, Series B, etc.
Let’s look at how this has changed over time:
What happens when we run the same analysis for women-only founding teams in NYC:
Let’s look at how this has changed over time:
Let’s look at how solo women founders fare:
Let’s look at how this has changed over time:
Quick Analysis:
A quick review indicates that there has been marked and a definite improvement in the number of women-founded and mixed-gender teams that are raising funding in New York and an improvement in dollar amounts raised for these teams since our initial report in 2014 across all the funding classifications. However, there is a pronounced difference between round sizes at the early stage.
The share of total funding deals in New York for mixed-gender teams has increased from 16.67% to 22.6%, marking an increase of 35.4% since 2014. 22.3% of early-stage deals have at least one female founder in NYC over the last 18 months, from an abysmal 6.46% in 2014. There’s been a 1480% increase in the number of venture deals with a female founder on the team from 2014 to 2023; 10 deals to 158.
Similarly, for women-only founded teams, the share of total funding deals has also gradually increased from 6.25% to 8.8% from 2014 to 2023 but this marks a decrease from 10% in 2021.. Women-only teams have been able to scale and since 2014, the number of women-only funded teams has increased 195% (from 42 to 124) across all funding rounds with an impressive 490% increase on the venture side with 59 women-only founded teams raising venture funding, up from only 10 in the 2014 period.
Quick Findings:
Aggregate Funding in NYC
The average startup financing in NYC is $23.7M but $18.5M if there is a female founder on the team Tweet This
A funding round in NYC with a female on the founding team is 22% less on average Tweet This
22.6% of all startup fundings in NYC had a female founder on the team up from 16.67% in 2014 Tweet This
The number of startup fundings for mixed-gender teams in NYC has increased 181% from 2014 to now, increasing from 112 to 315 Tweet This
8.9% of the # of total funding deals went to all-female founding teams in NYC Tweet This
A funding round in NYC with an all-female founding team is 40% less on average Tweet This
Early Stage (Early Stage and Seed) Funding in NYC
The average early-stage financing in NYC is $3.8M and $3.4M if there is a female founder on the team Tweet This
The median early-stage financing in NYC is $2.7M and $2.3M if there is a female founder on the team Tweet This
An early-stage round in NYC with a female founder is 13.6% lower on average Tweet This
22.3 % of all early-stage fundings in NYC had a female founder on the team up from only 6.46% in 2014 Tweet This
The number of early-stage/seed fundings for mixed-gender teams in New York has increased 391% from 2014 to now, increasing to 157 from 32 Tweet This
9.2% of early-stage funding deals went to all-female founding teams in NYC Tweet This
An early-stage/seed round in NYC with an all-female founding team is 3.7% less on average Tweet This
Venture Rounds (Series A, B, C, etc.)
The average venture financing in NYC is $43.9M but $33.7M if there is a female founder on the team Tweet This
The median venture financing in NYC is $21M but $16.5M if there is a female founder on the team Tweet This
A venture round in NYC with a female founder is 23.2% less on average Tweet This
22.8% of all venture fundings in NYC had a female founder on the team from 5.68% in 2014 Tweet This
The number of venture fundings for mixed-gender teams in New York has increased 1480% from 2014 to now, increasing to 158 from 10 Tweet This
8.53% of the # of venture funding deals went to all-female founding teams in NYC Tweet This
A venture round in NYC with an all-female founding team is 29.5% less on average Tweet This
