A higher percentage of female-led tech startups in New York City and Los Angeles receive venture capital than their Silicon Valley counterparts. That's according to a new study from PitchBook, the Seattle-based firm known for tracking all-things VC and private equity.
Nonprofit group All Raise, Microsoft Corp. and Goldman Sachs Group Inc. also collaborated on the report, which took an in-depth look at the current state of women in the startup economy. New York and LA may have an edge percentage-wise, but the Bay Area has a higher tally of deals. Here's a breakdown of what PitchBook uncovered:
Bay Area
- 435 deals for $6.3 billion in 2018
- 303 deals for $4.6 billion so far this year
- In 2018, startups with at least one female founder secured 10 percent of total VC investments
NY
- 307 deals for $2.4 billion last year
- 199 deals for $1.8 billion so far this year
- In 2018, female-led startups received 17 percent of total VC investments
LA
- 181 deals for $1 billion last year
- 117 for $800 million this year
- In 2018, female-led startups secured 28 percent of total VC investments