To date, the funding landscape for both women and minority-owned startups continues to be underwhelming. According to the British Business Bank (BBB) report published last year, in collaboration with Diversity VC, highlighted the difficulties in obtaining funding if you are not connected to ‘traditional’ VC networks that, from the outset, are overwhelmingly male.
The lack of diversity amongst angel investors undoubtedly causes biases in investment decision-making. However, various VC firms have started raising new funds or allocating a portion of their current funds in an attempt to increase diversity in the startup world.