Startups
Women VCs Make Gains in Tech Investing Amid Diversity Backlash
- Advocacy group reports women partners are part of more firms
- All Raise CEO says progress at risk from diversity criticisms
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Women and nonbinary venture investors have gained a foothold in the technology industry five years faster than advocacy group All Raise expected, but leaders say a national backlash to diversity, equality and inclusion initiatives threatens the progress that has been made.
About 18% of decision makers at US venture capital firms are female — double from 2018 when All Raise was founded and set a goal of reaching that number by 2028, according to the group’s annual report published Wednesday.