According to TechCrunch, in 2023, companies with all-female founding teams raised around $3.1 billion — or 1.8% — which is a dip from $5.1 billion (2.1%) in 2022 and from the $7.3 billion (also 2.1%) raised in 2021’s bull market.

According to a study by the Peterson Institute for International Economics, firms with women in executive officer and director positions post higher annual profit margins than those without female leaders. Between 1997 and 2017, firms with at least one female director or executive officer consistently reported larger profit margins. Another study by Potential Project confirms that women leaders rank substantially higher than their male counterparts in crucial leadership qualities such as wisdom and compassion, which translates to business and financial results.