"Of the 22 companies whose valuations have passed the $1 billion mark so far this year, six of them were solely founded or co-founded by women.
It was a big week in tech. From Rent the Runway and Glossier being crowned with unicorn status for hitting $1B valuations, to Ellevest’s $33M new round of investment, to black women founded companies like Landit breaking fundraising records, women founders and investors had some big wins. Let’s dig in.
New Unicorns Could #ChangeTheRatio for Women Founders
Two women-led startups, Glossier (a cosmetics company founded by Emily Weiss), and Rent the Runway (a fashion rental retailer cofounded by Jenn Hyman and Jenny Fleiss), announced their $1 billion dollar valuations.
That single-digit number might not sound like a great start for female founders working to close the gender gap in VC, but it is. Why? Because in 2018, roughly 11% of the total unicorns involved female founders, and as we wrap up the first quarter of 2019, that share has more than doubled to 27%, said," said Priyamvada Mathur of PitchBook.
www.forbes.com
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