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Efforts to level the playing field for female entrepreneurs are gaining ground with investment in startups that have at least one female founder rising to $46 billion last year, more than double the amount in 2017. And startups with women on the founding teams are more likely to exit at least one year faster than the rest of the market, according to a new report from PitchBook and All Raise.
Several forces are narrowing the startup world’s gender gap from more women cutting venture checks and leading deals, to a greater appreciation for the overlooked and underrepresented opportunities female entrepreneurs bring to the table. Increased networking and mentorship opportunities have also proven to be crucial accelerators for founders to push past the proverbial boys’ club that’s traditionally excluded them.