Companies with at least one female founder generate 78 cents of revenue for every dollar of venture funding, while male-led startups generate roughly 31 cents. Yet startups with only female founders receive just 3% of total invested dollars globally.

Top female founders by amount of capital raised, in each country profiled

While funding for female-led startups has been disproportionately low over the years, the number of unicorns – privately held startup companies valued at in excess of US$1bn – headed by women grew more than fivefold between 2013 and 2019.

In that period the number of women-led unicorns jumped from just four to 21. While these numbers are small, they continue to climb.

Unicorns with at least one female founder, by year of first equity round

Source: Crunchbase