The portion of VC-backed startups founded by women stays stubbornly stagnant

According to TechCrunch, funded startups with female founders remain stagnant at ±17% in the past 5 years globally.

Although may not be a representation of the overall Baltic ecosystem, in the latest listing of Top-30 Baltic entrepreneurs to watch in 2017 published by Forbes, 9 or 30% of startups listed there are founded or co-founded by female entrepreneurs. One of them is Milda Mitkutė, a co-founder of one of the top-funded startups in Lithuania - Vinted.

In our portfolio, 6 or 19% of 32 funded tech startups and 7 or 19% of 36 funded early stage (incl. non-tech) companies are founded or co-founded by women. Dalia Lasaite, co-founder of CGTrader is among 100 successful female founders in Europe by The Hundert.

Also, one of our early stage non-tech portfolio companies UPA rehabilitation center was led by the CEO Asta Kuznecova, who after the launch of operations successfully put the company onto a growth path.