A new initiative is urging VCs to share their diversity data in a bid to tackle the diversity problem in the tech industry.
Some 10 VCs have already agreed to share the data with DiversityVC, the British Business Bank and BVCA, as part of the agreement, which was announced at the BVCA’s Breaking Barriers conference.
US data shows that, in 2017, 2% of all VC funding went to companies started solely by women, and the figure is only 17% for companies with at least one female founder.
Analysis by the British Business Bank suggests the picture is very similar in the UK, but the data from the VCs will help to shed more light on the issue.
All VC’s are invited to share their diversity data anonymously. The firms which have already agreed to contribute their data are: Amadeus Capital, Atomico, Balderton Capital, Draper Esprit, Frog Capital, Frontline Ventures, LocalGlobe, Notion Capital, Oxford Capital Partners and Scottish Equity Partners. ...