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It’s getting harder to raise a Series A round, but you know what? Women–in New York at least–seem to be getting better at it. And the number of New York women entrepreneurs who raised the next stage of institutional funding–the Series B–more than doubled in 2016.
Those are some of the findings from the latest research conducted by the Female Founders Fund, an early-stage New York-based fund that invests only in women entrepreneurs.
Globally, the study found 1,272 A-rounds in 2016, with 600 of those going to U.S.-based companies. That’s about 10 percent fewer than the year before.
The percentage of those rounds going to female founders is small, but at least it’s growing.
- In New York, 17 percent of all A-rounds went to female founders. That works out to 14 companies, compared to 12 last year.
- In the Bay Area, only about 10 percent of all A-rounds went to women-run companies. That’s 18 startups.
It’s great to see even small increases in the numbers of women who are getting high-growth funding, but still, there’s no arguing that the absolute numbers are tiny. As I’ve said before, you could fit all the female founders who raised A rounds in any city (even the San Francisco area!) at a single dinner…