Title

More Female-Founded Unicorns Were Born In 2019 Than Before, Data Shows

And as the year comes to a close, Crunchbase data shows what ‘overperforming’ really means: 2019 has been a historic year for female-founded unicorns, which were born at an unprecedented pace.

The chart below shows how many companies with at least one female founder passed the $1 billion in valuation mark each year, starting in 2005.

Beyond beauty and commerce, female founded and co-founded unicorns born this year include Hims, Airwallex, ezCater (which we covered previously), and Scale.

We typically wouldn’t cover a funding round so small, except hers is historical: the company claims that Dowell is the first black woman in Tennessee to raise more than $1 million in venture funding.

For example, while female-founded unicorns are being born at an unprecedented pace, they only make up 4 percent of startups that reached a valuation of $1 billion or more in 2019.

Adding onto that, female-only founded teams are only raising $3 dollars for every $100 spent, according to Crunchbase data.

And the data around female-founded unicorns shows us that these companies, from an investor side, are far from a charity case, they’re vehicles for returns.

Full Article