"Women make up around half of the world's population. There is no field of endeavour in which women are not achieving, from tech to fashion to AI. And yet, the world of finance still does not back women entrepreneurs or support female-led businesses. Recent data from the global financing experts at PitchBook showed that, in 2023, just 2.1% of global venture capital went to women. That was not an unusual year."
"Since 2008, European businesses led by men and women receive 10x more funding than businesses led solely by women. This is despite the case that Boston Consulting Group found women deliver more than 10% more cumulative revenue over five years. Is it because women do not have any business ideas? Clearly not. Is it because finance has an outdated view of women - from the days when women needed their husbands or fathers to sign on their behalf? Sadly, it would seem so."
"As Boston Consulting's data shows, women are founding and very successfully running companies. This is very far from new. Today, there are major women's names in the world of commerce - from Oprah Winfrey to Arianna Huffington, from Anne Boden (Starling Bank) to Melanie Perkins (Canva). Many millions of women internationally create and lead very successful and profitable businesses. Yet, finance is a significant problem."
Women constitute roughly half of the global population and excel across sectors including tech, fashion and AI. Global venture capital to women founders was only 2.1% in 2023. Since 2008, European businesses led by men and women receive ten times more funding than businesses led solely by women, despite women delivering over 10% more cumulative revenue across five years. Many prominent and successful businesses are founded and run by women, who often lead mission-driven ventures. Persistent financing barriers remain, and the Unlock Her Future 2025 prize from the Bicester Collection aims to surface impactful women-led ideas.
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