For every £1 of venture capital investment in the UK, all-female founder teams receive less than 1p while all-male founder teams receive 89p.
Oxford Capital was one of the first VCs to start to collect and share diversity data as part of our work with Diversity VC. Last year, we backed female founders in three of our seven new investments, but we are aware that there is still a way to go to achieve equality our wider industry.
We are now proud to have contributed to the VC Female Founders report alongside the BVCA and British business Bank. Liz Truss, Chief Secretary to the Treasury will launching the report on 4th February at 11 Downing Street and you can read it here.
Listen to the podcast which takes a closer look at the venture capital sector’s support for female founders in the UK. David Mott, Founder Partner of Oxford Capital and VC Chair at the BVCA, Check Warner of Diversity VC and Alice Hu-Wagner of British Business Bank examine the issues facing female founders seeking funding for their start-ups and the challenges that VCs face in finding them.
David Mott explains “VCs are highly innovative and entrepreneurial organisations and there is an increasing commitment to address the complex issues of diversity and inclusion. We need to work together and learn from each other to make progress.”