For years, women’s-run venture capital funds have been true unicorns in Silicon Valley, a rarity in a sector where most checkers are men. This is starting to change. Last year, the number of US fundraisers, where most decision-makers are women, rose to 52, from 29 in 2020, according to PitchBook data for The Information. These funds raised $ 3.7 billion, more than twice the $ 1.8 billion in 2020.
So far this year, the pace of fundraising has accelerated. By mid-April, 16 new funds, of which at least 60 percent of decision-makers were women, had raised $ 4.5 billion, more than last year.
This year’s jump is largely due to huge funds raised by Forerunner Ventures, founded by consumer technology investor Kirsten Green, and crypto specialist Haun Ventures, founded by former Andreessen Horowitz partner Katie Hawn. Funds announced in March raised a total of $ 2.5 billion, or more than all women’s-led funds raised in 2020.