Female-founded companies in the U.S. raised $44.4 billion in 2023, accounting for 1.8% of the $170.59 billion in venture capital allocated. Mixed-gender teams raised 26.1% of the total funds. The decline in funding for women founders is attributed to broader market trends and a significant decline in deal count and value between 2021 and 2023. Software and B2B categories were the top areas of investment for female-founded companies, with New York City leading in investment count for female-founded companies, closing the gap with the Bay Area.

Consistent Funding for Female Founders