
Why do women-owned businesses still struggle to get funding?
According to the American Express 2019 State of Women-Owned Businesses Report, businesses owned by women have grown by 21% since 2014, while all businesses increased by only 9%. However, a study by Crunchbase found that only 2.3% of venture capital funding went to women-led startups in 2020. This number fell from 2.8% of funding in 2019. In terms of dollars, their study showed that female-founded companies received $4.9 billion in funding in 2020, which is a 27% decrease from 2019.