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Expand chart
Data: Axios Analysis; Icons by Gan Khoon Lay via the Noun Project; Chart: Lazaro Gamio / Axios

Only 7% of decision-makers at U.S. venture capital firms are women, according to an Axios analysis. Moreover, women effectively control just 4.7% of all venture dollars raised in the past five years by U.S.-based firms.

Numbers: Axios identified 1,019 decision-makers at 227 U.S. venture capital firms, of which 72 were women. Of those 227 firms, 169 had zero female decision makers. Those firms raised around $153 billion between 2012 and 2016, of which $9.51 billion is estimated to be controlled by women.

Minor progress: A similar analysis from last year found 5.7% of decision-makers at U.S. VC firms were women. The sample years are slightly different (2011-2015 vs 2012-2016), and the overall number of decision-makers climbed from 906 to 1019. Of that differential, 17.7% of the new "additions" were women ― suggesting that U.S. venture firms are doing a slightly better job adding women to partnerships and/or that women are more likely to help form new firms than they have been in the past.

Methodology: We asked PitchBook for a list of all U.S.-based VC firms that had raised at least one fund of at least $100 million between 2012 and 2016. We then examined the current websites of each firm to determine the decision-making level of investment management, sometimes using regulatory filings for supplemental information. We excluded administrative partners (COO, CFO, IR, marketing, etc.) and, admittedly, there is a bunch of art mixed into the science ― given that different firms use different titles. In short, we were looking for the people who control the investments. For the dollar totals, we examined the amount of capital raised by each firm, and divided it by the number of each firm's female partners (where applicable).

Go deeper

Toyota to build $1.3 billion U.S. battery plant in North Carolina

The all-electric Toyota bZ4X, the company's first battery-electric vehicle, at the Los Angeles Auto Show in Los Angeles, California on Nov. 17. Photo: Frederic J. Brown/AFP via Getty Images

Toyota announced Monday it's investing $1.3 billion to construct an electric vehicle battery "megasite" near Greensboro, North Carolina, set to open in 2025.

Why it matters: Toyota's Prius hybrid won environmental plaudits when it launched in 1997, but it has since lost ground to electric vehicle world leader Tesla, per Axios' Joann Muller. This battery plant will be the first to produce automotive batteries for Toyota in North America.

2 hours ago - Politics & Policy

Congress hunts for shortcut to pass defense funding, debt limit combo

Senate Majority Leader Chuck Schumer returned to his office Monday. Photo: Anna Moneymaker/Getty Images

The scramble in Congress to pass the National Defense Authorization Act is being complicated by an effort to tie it to a needed hike in the federal debt limit.

Why it matters: The House and Senate are rapidly coming up against a series of deadlines they must address before the end of the year — or risk disrupting crucial military funding and upending the economy. Congressional leaders are now hoping they can knock out both "must-pass" priorities in one, complex swoop.

Scoop: Inside Jake Sullivan's call with U.S. hostages' families

Photo: Jim Lo Scalzo/EPA/Bloomberg via Getty Images

National security adviser Jake Sullivan spoke last week with relatives of U.S. hostages and others wrongfully detained abroad, after more than two dozen families expressed frustrations about their inability to get a meeting with him or President Biden, Axios has learned.

Why it matters: Participants on the video call, which began at 7pm ET Friday and lasted more than an hour, told Axios they didn't get satisfactory answers to many of their questions. Nonetheless, they were encouraged by Sullivan's commitment to follow up and pledge to be personally available to them and others going forward.