Fri, Apr 10, 2020
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Female representation in venture capital fundraising space up

Friday, February 28, 2020

Laxman Pai, Opalesque Asia:

Demand and awareness for female representation in venture capital is increasing each year, revealed Preqin.

In 2019, women-owned firms in the US closed 41 funds for just under $3bn in aggregate, which compares with a total of $49bn raised across all venture capital firms.

Although the gap is still large, capital raised by female venture capitalists is at its highest level in the past 10 years; back in 2010, women-owned firms closed five funds for a combined $535mn.

"Given the rising demand for female representation in venture capital, we should expect these figures to continue to grow as the industry tries to bridge the gender gap in the 2020s," Preqin said.

Among the 10 largest women-owned venture capital firms in the US, .406 Ventures has jumped up the rankings since our last study in Q3 2019.

Founded in 2005, the firm makes early-stage technology and digital health investments in North America and moved from 10th place to fifth after closing its fourth flagship fund on $294mn.

.406 Ventures Fund IV reached a final close in November having surpassed its target of $225mn, attracting capital from both existing and new investors.

Founders Fund enter the list of the largest venture capital fund managers in the US

Q4 2019 welcomed a new entrant to the list of the largest venture capital fund managers in the US.

Founders Fund, established in 2005 by Peter Thiel, focuses on early-stage technology companies. The firm closed two funds in 2019, one at and one above target size.

Founders Fund VII, from its flagship series, held its final close in November at around $1.5bn; this brought the firm to $4.7bn in total venture capital funds raised in the past 10 years, tied for 10th in the US.

Sequoia Capital currently holds the most dry powder ($3.8bn) of all US-based venture capital firms as of January 2020, albeit with a lower figure compared to last quarter ($4.5bn).

The California-based firm is currently raising Sequoia Capital China Principals Seed Fund I, which targets seed-stage investments in Chinese companies. Just two of the 10 largest US-based managers by dry powder are located outside California.

US-based managers raised a total of $112bn for early-stage investment in 2019. Early-stage funds accounted for 48% of the $346bn raised in the year, while seed-stage funds represented only 4% of capital.

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing: Ray Dalio's Bridgewater scales down European short bets after $3.2bn windfall, Here's what top hedge funds are buying in the coronavirus stock market crash[more]

    Ray Dalio's Bridgewater scales down European short bets after $3.2bn windfall From Financial News: Bridgewater Associates, the world's biggest hedge fund, has retreated from shorting European stocks after making an estimated €2.9bn ($3.2bn), as its founder and co-chairman Ray Dalio c

  2. Bill Ackman writes letter to shareholders on coronavirus[more]

    Pershing Square Holdings (PSH)'s Bill Ackman wrote a letter to investors outlining his insight on the coronavirus pandemic in the United States. He revealed that PSH completed the process of exiting the hedges on 23 March, netting a gross $2.1bn for PSH, after turning 'increasingly positive on equit

  3. New Launches: LGPS Central sets up investment grade bond fund, Leeds Equity Advisors aims to raise $1bn for PE fund, RLI Investors to launch European last-mile logistics fund, DBL Partners IV targets $450m[more]

    LGPS Central sets up investment grade bond fund From IPE: LGPS Central, the asset pooling vehicle for eight local government pension schemes (LGPS) based in England's Midlands, has launched a global investment grade corporate bond fund in order to meet its partner funds' needs. The po

  4. Investing: Marathon sees cheap assets amid dislocation in credit, Deerfield's health care buying spree, It's time to buy shares again, says BlackRock, Credit Suisse, Fed is buying credit ETFs but one hedge fund is shorting them[more]

    Marathon sees cheap assets amid dislocation in credit From Bloomberg: Distressed-investment specialist Marathon Asset Management is buying beaten-up debt amid the greatest dislocation in credit markets since 2008, according to Bruce Richards, co-founder and chief investment officer of the

  5. People: Carlyle picks 2 deputy heads for Japan buyout advisory team, Ex-Kleinwort Hambros adviser takes senior role at multi-family office boutique[more]

    Carlyle picks 2 deputy heads for Japan buyout advisory team From Takaomi Tomioka and Hiroyuki Otsuka were named deputy heads of the Japan buyout advisory team at Carlyle Group. The positions are new, confirmed a spokeswoman for the New York-based private markets investment g