The coronavirus pandemic disproportionately reduced venture capital funding for female founders last year, despite a greater boom in fundraising thanks to megafunds and the advent of Zoom investing. The result was an uneven landscape in which capital flowed more toward men than was normal historically.
But the gender gap in startup fundraising is closing slightly, new PitchBook data shows. Female-founded companies raised $40.4 billion across 2,661 deals through the first three quarters of 2021, almost doubling 2019’s total of $23.7 billion and over 10 times 2011’s total of $3.6 billion.
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