Female Founders Face Funding Hurdles And Report Less Runway Amid Pandemic

“Women don't have access to the same opportunities for raising capital and they entered this pandemic in a capital deficient modality.'

That number drops to 19% for female founders of color. Dufu, a Black female founder, says she had five months of runway in February 2020.Women entrepreneurs have long faced barriers to raising capital, but 2019 saw a record number of female-founded startups land deals and reach.

This new normal could also have the opposite effect, she says, and investors may soon realize that they have to intentionally broaden their networks and hire diverse talent in order to remain competitive, given their limited mobility. “The pandemic made the fundraising process far more efficient because everyone was meeting over Zoom and you could schedule 30 or 40-minute calls back-to-back,” Dufu says.

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