Stories

Female founders face VC funding cliff

Illustration: Rebecca Zisser / Axios

It's well known that startups founded by women struggle to raise venture capital, but even the rare exceptions struggle to keep pace with male peers. Since 2008, less than half of all-female founding teams have secured follow-on capital for their startups, compared more than half of all-male founding teams, according to PitchBook.

Why it matters: Follow-on fundraising difficulties contribute to an unvirtuous cycle, dissuading some early-stage investors from backing female founders.