Research done by TNW’s Index team shows the EU ranks worse than Silicon Valley when it comes to tech startups founded by women – a paltry 15 percent of companies founded since 2017 in the EU were (co-)founded by women.


By allegory data calm from news sites and other public resources, the Index team bent that of 726 tech startups founded since 2017, only about 100 were co-founded by women.

This is a shockingly low number, but unsurprising. A survey conducted by Atomico for their yearly State of European Tech Report 2017 showed that acumen of gender assortment among European respondents did not match the data.


Of the male respondents, 52 percent agreed that gender assortment was reflected in agent composition. Among women, this number was higher: 60 percent of the female respondents were annoyed with the gender balance.

This prevailing view of Europe as a more progressive, maybe more equal society, fails to live up to the numbers.


The story gets more grim when attractive at companies that absolutely accustomed VC funding. Only 12 percent of founders at EU companies that accustomed VC allotment are female, versus 88% male.

This number is lower than the one facing female founders in Silicon Valley. A Crunchbase study assured that in the first division of 2017, 17% of adventure backed companies in Silicon Valley were founded by females. It also depressingly assured that this number hasn’t budged since 2012.

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