Southeast Asia’s startup funding ecosystem has been booming – with one major shortcoming.
According to DealStreetAsia’s DATA VANTAGE, less than a fifth of deals last year involved startups that were founded, or co-founded by women. They represent a mere $1.4 billion out of the total $8.6 billion raised by startups in the region last year.
Take Grab out of the equation, and the figures are even more alarming: companies founded or -cofounded by women account for only $0.36 billion or 4.7% of funds raised from VCs.
While the share of women-founded startups in Southeast Asia has risen from 4% before 2010, to about 9% over the last few years, there is clearly a lot of ground to cover. Especially when you consider the impact made by women-led businesses in revolutionising food chains, disrupting healthcare services and payment processing.
Join our webinar on July 29 at 10:00 am, a live discussion with an expert panel of women achievers with an impressive track record. Topics addressed by our panel will include the challenges that women leaders face, why the funding gap persists and what it will take for the ecosystem to progress. On registering, you will receive a free copy of DealStreetAsia’s Data Vantage report for 2021 on Women in Startups: The SE Asia Edition.
We look forward to having you join us on July 29.