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.

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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.

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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.

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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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