Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

As Funding Fell, So Did The Number Of New Female-Founded Unicorn Startups

Apr 03, 2024 - news.crunchbase.com
The number of new female-founded unicorns has significantly decreased over the past two years, with only seven U.S. companies with female founders joining the unicorn club in 2023 and 2024, according to Crunchbase data. This is a sharp decline from 2021, when many female-founded American companies reached or exceeded the $1 billion valuation for the first time. The most recent female-founded unicorn is Zum, a student transportation platform provider, which secured $140 million in a Series E round at a $1.3 billion valuation. Other new female-founded unicorns include Imbue, Ohmium, Metropolis, Replit, Adept AI, and Kindbody.

Artificial Intelligence (AI) is a common theme among these new female-founded unicorns, with three out of the seven being pure-play AI technology startups and two others listing AI as an enabling technology. Despite the recent slowdown in the creation of new female-founded unicorns, there is hope and expectation for improvement, given the cyclical nature of startup investment and the recent contraction in venture funding, particularly for large, later-stage rounds that often come with unicorn valuations.

Key takeaways:

  • The number of new female-founded unicorns has sharply decreased over the past two years, with only seven U.S. companies with female founders joining the unicorn club in 2023 and 2024.
  • Artificial intelligence is a popular core or enabling technology among new, female-founded unicorns, with three out of the seven new unicorns being pure-play AI technology startups.
  • Despite the recent decline, female founders and executives are playing a leading role in the AI space, as evidenced by new unicorns and more established startups.
  • The slow pace of creation for new female-founded unicorns is expected to improve given the cyclical nature of startup investment and the recent weak period for venture funding.
View Full Article

Comments (0)

Be the first to comment!