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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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  "authorName": "BCG",
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      "text": "France appears as #3 country in terms of gender parity at creation, with clear deterioration vs 2021: with new trend, parity in founding teams would only be reached in 2065 i.e. 10 years lost in a year.",
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      "text": "Teams including women almost disappeared after series B: they account for less than 8% of the teams funded (vs. 25% in earlier stages) none of them gathering exclusively women. Gender diversity at Angel/Pre-Seed stage is similar to gender diversity at creation (15% of gender-mixed teams & 7% of women-only teams), but it deteriorates in later rounds.",
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      "text": "France appears as #3 country in terms of gender parity at creation, with clear deterioration vs 2021: with new trend, parity in founding teams would only be reached in 2065 i.e. 10 years lost in a year. France appears to be the country where women start the least a business solo (only 25%), where they team the least together (only 37%), and where gender-mixed teams have the lowest parity (only 50% of them; 47% of mixed have a majority of men). Both men & women partnered less with each other in 2022, forming fewer mixed teams (--5pp). As a result, gender diversity at creation decreased vs. last year (-4pp vs. 2021), with only 20% of startups created in 2022 with at least 1 woman founder.",
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      "text": "Following market contraction, teams including women have been granted smaller amounts to grow their business: ~€1M less than in 2021 (-20%) for women-only teams, ~€5M for gender-mixed teams (-36%). However, as men-only teams are massively in majority (86% at creation) and also suffered a significant setback in funds raised (~€4M less, i.e. -2 0%), gender parity at funding have improved (+5pp vs. 2021). Still, only 14% of amounts raised went to a team including a woman.",
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      "kind": "paragraph",
      "text": "France ranks better when looking at gender-mixed teams. However, overall, difficulties faced by teams including women worsened in 2022, in a context of economic turmoil & freeze of investments.",
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      "text": "Sources: Crunchbase, Dealroom; BCG analysis",
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      "text": "In France, women-only teams particularly struggle, while gender-mixed teams seem to cope better",
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