Research Report

The Funding Divide 2022: Tracking Bias in Early-Stage Fundraising

2021 was a banner year for global venture capital funding. But after a record-breaking fundraising year for founders and investors, has a rising tide lifted all boats?

In our third year tracking these biases, we found that this year’s research shows how underrepresented founders got more investor interest, but for most, the dollars didn’t deliver.

Get the 12-page report, plus our past 2 years of research and insights from investors and founders.

Download the report

A few of our key findings

Team Demographics: All-female teams raised 25% less than all-male teams

Pitch Deck Scrutiny: All-female teams saw 130% more VC time spent on their team slide than all-male teams

Fundraising Inequity: Teams with minority members raised 29% less than all-white teams