Venture capital investment in all-female founding teams hit $3.3 billion in 2019, representing 2.8% of capital invested across the entire U.S. startup ecosystem this year, according to the latest data collected by PitchBook.
While that number may seem insubstantial, it’s a step up from last year’s total. In 2018, venture capitalists struck 580 deals worth $3 billion — up from just $2.1 billion in 2017 — for all-female teams, or only 2.2% of all U.S. deal activity. So far, female-founded and mixed-gender teams have raised a total of $17.2 billion, with roughly three weeks remaining in 2019. That’s 11.5% of all venture capital investment, an increase from 10.6% last year, when those groups attracted $17 billion across some 2,000 deals.