On the up: selected SmartCompany raises from 2024. Source: SmartCo
Earlier this year, we took a pulse check on the startup ecosystem, and detected early signs that a (slight) increase in women-led startup raises in 2024 pointed to a possible inflection point for better gender diversity in the funding landscape.
How much have startups raised in 2024?
This week the latest data from Cut Through Venture showed that all-male founding teams claimed 85% of the $1.7 billion raised by local start-ups in the first five months of the year so far. We’ve calculated a further $292 million raised this month, giving this half a total of $1.9 billion (not including the federal and Queensland government’s gargantuan investment in PsiQuantum).
All-women teams raised 5% of the capital, and startups with at least one woman founder claimed an additional 10%.
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