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  "documentTitle": "Women-led startups losing across the board: from creation to funding, in all key European markets",
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      "text": "Overall, in 2022, women-founded startups account for only 10% of startups created, 7% of fundraisings carried out and only 2% of funds raised.",
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      "text": "With less than 1 in 4 startups created that includes a woman as founder, gender equality lags behind across Europe. Across France, UK, Spain, Germany and Sweden, only 10% of startup created in 2022 have been created by women-only teams, 12% by gender-mixed teams. Sweden appears to be the front-runner with ~1 startup in 3 created by one woman at least, while France & Spain hit bottom with ~1 startup in 5.",
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      "text": "Worse still, less than a fifth of the money raised goes to a founding team that includes a woman. The average amount raised by women-only teams remains ~4x lower than men-only teams. Women raise significantly less than men even in industries with highest share of women founders. Depending on countries, men-founded startups capture 77% to 91% of the total funds raised, leaving only 7% to 22% for gender-mixed teams and only 1% to 5% to women-only ones. Women are excluded from large fundraising operations: 94% of their fundraisings were below €15M, and only 2 operations are above €50M (vs. 215 for men in 2022). The lack of women entrepreneurs is not the only issue: in Sweden, teams including women create 30% of startups but only get 12% of the funds raised.",
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      "text": "And inequalities exacerbate over time. Amounts raised by women tend to reach a glass ceiling after 6 years of startup existence while amounts raised by men boom. Consequently, financing gap widens over time, reaching 10x in average after 9 years. The share of women-only teams consistently decreases as funding rounds proceed, from 7% of the fundraisings carried out at the \"Angel/Pre-Seed\" stage to 2% in series D+.",
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      "text": "1. Fashion/Wellness, Lifestyle, Healthcare. Sources: Crunchbase, Dealroom; BCG analysis",
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