Women founders received only 3.9% of all student startup funding over past decade

Just 3.9% of venture capital (VC) funding for student startups in Australia has gone to women-only founders in the last decade, a new report shows.

NextGen Ventures, Australia’s first student-led VC fund, launched this week, releasing a report that details where VC funding has gone for student startups. The report highlights an overwhelmingly low portion of funding directed at women founders for student startups.

Student-founded startups have raised more than $1.2 billion since 2012 over 65 different startups, including multi-million dollar company Atlassian.

However, over the course of a decade, just 3.9% of that $1.2 billion has gone to student-led startups with a team of women founders.