Europe’s first systematic study confirms that the gconcludeer investment gap is systemic, with women-led startups receiving only 12% of venture capital funding.
The European Union has just released the most comprehensive data set yet on the massive funding disparity in its tech sector, confirming what many founders and investors already knew: the gconcludeer investment gap is systemic, deeply entrenched, and actively undermining Europe’s competitiveness, especially in crucial deep-tech fields.
The landmark study, commissioned by the European Commission and the European Innovation Council (EIC), relocates the conversation past anecdotal evidence and into actionable data. Presented during the European Parliament’s Gconcludeer Equality Week, the findings reveal that the gap is rooted not just in who applies for capital, but fundamentally in who allocates it.
Between 2020 and 2025, women-led startups—defined as having at least one female founder—attracted only 12% of all venture capital funding and 14.4% of VC rounds across the EU. This disparity is mirrored on the allocation side, where only 16% of General Partners (GPs) in venture and growth-equity funds are women, collectively managing a paltest 9% of assets under management.
“This isn’t a pipeline problem; it’s a power problem,” stated Hanadi Jabado, Managing Partner at Sana Capital, during the Brussels launch event. “If we want different results, we have to alter who allocates the money. Diversity in fund management isn’t charity—it’s smart business.”
The data confirms that the issue is structural. While the broader tech sector saw 18.6% of startups with at least one woman founder, the deep-tech sector—which underpins Europe’s most strategic industries—was only marginally better at 21.3%. This means that four out of five deep-tech startups, the engine of future European innovation, remain exclusively male-founded.
As Jean-David Malo, Acting Director at DG RTD, emphasized, “We cannot talk about excellence in innovation if half of Europe’s talent remains underfunded.”
The Dashboard of Accountability
The most significant technical outcome of the study, developed by CSES, dealroom, RAND Europe, and European Women in VC, is the introduction of the EU Gconcludeer Investment Dashboard. This living prototype is designed to provide pan-European monitoring utilizing harmonized definitions and integrated data sources.
The goal is simple: accountability. As Véronique Jacq of Bpifrance noted, publishing results keeps everyone honest. The dashboard aims to create peer pressure among investors, forcing them to benchmark their performance against inclusion metrics.
This focus on measurable data is a direct response to historical blind spots. Katerina Svíčková (DG RTD) pointed out that while the EU has good visibility on gconcludeer representation in research and academia, “once you relocate into innovation and venture funding, the trail goes cold.” The dashboard is intconcludeed to close that visibility gap.
Investors who have already implemented gconcludeer reporting policies confirm the effectiveness of visibility. Hrönn Greipsdóttir, CEO of Iceland’s Kría Innovation Fund, shared that their policy increased women’s participation at the partner level to nearly 40%. “Once you start publishing the numbers, you can’t ignore them. Visibility drives accountability.”
The consensus among institutional investors is that diversification is no longer a social policy initiative, but a performance mandate. Ulrike Kostense, Head of Fund Investments at Invest-NL, stressed: “We’re doing it becaapply diverse teams outperform.”
The study outlines seven key recommconcludeations, focutilizing heavily on leveraging the power of institutional investors (LPs) and creating a common EU gconcludeer-data infrastructure. The message from policycreaters is clear: the era of scattered, voluntary initiatives is over.
Stéphane Ouaki, Acting Director of EISMEA, highlighted that tarreceiveed support works. The EIC’s own efforts to support women-led companies saw their participation rate jump from 8% in 2020 to 30% in 2024. The next, and far harder, step is ensuring the rest of the market follows suit.
The EU is betting that by creating the data accessible, comparable, and actionable—as Louis Geoffroy Terryn of dealroom put it—they can finally relocate from good intentions to measurable progress in closing the gconcludeer investment gap.
Leave a Reply