Glass 2% Funded: February VC Funding Report
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Glass 2% Funded: February VC Funding Report

Welcome to our monthly series, Glass 2% Funded

This blog is called Glass Half Funded, but the reality is women don’t receive anywhere near half of venture capital funding.

In 2021, companies with women-only founding teams received $6.4B of venture capital funding, according to PitchBook. And even though that’s 82% growth over 2020, it only represents 2% of overall VC funding. Over 80% of VC funding went to companies with all-male founders last year.  

In February, GHF tracked 19 deals across U.S. companies in various industries with founding teams of all women. Funding across these deals totaled $357.3M, representing 30% growth over January. The average deal size was $18.8M and the median deal size was $11.8M. 

Equip Health, an at-home eating disorder treatment program, raised $58M in Series B funding. The round was led by The Chernin Group. The company was founded by Erin Parks and Kristina Saffran, and is based in San Diego, CA. 

Scopio, a global community of artists and marketplace for licensing or selling art, raised $50M in venture funding. The round was led by OurCrowd. The company was founded by Nour Chamoun and Christina Hawatmeh, and is based in Los Angeles, CA. 

Purely Elizabeth, a natural foods company, raised $50M in Series B funding. The round was led by SEMCAP. The company was founded by Elizabeth Stein and is based in Boulder, CO. 

Equip Health, an at-home eating disorder treatment program, raised $58M in Series B funding.

Mos, which offers financial products designed for students, raised $40M in Series B funding. The round was led by Tiger Global Management. The company was founded by Amira Yahyaoui and is based in San Francisco, CA. 

Novi Connect, which helps companies source compliant and sustainable materials, raised $40M in Series B funding. The round was led by Tiger Global Management. The company was founded by Kimberly Shenk and is based in Larkspur, CA. 

Bobbie, a baby formula delivery company, raised $28.6M in venture funding. The company was founded by Laura Modi and Sarah Hardy, and is based in San Francisco, CA. 

PromisePay, a payment processor designed for governments and utilities, raised $25M in Series B funding. The round was led by The General Partnership. The company was founded by Phaedra Ellis-Lamkins and Diana Frappier and is based in Oakland, CA. 

Nth Cycle, which works with battery recyclers to recover materials, raised $12.5M in Series A funding.

Nth Cycle, which works with battery recyclers to recover materials, raised $12.5M in Series A funding. The round was led by Frankstahl and VoLo Earth Ventures. The company was founded by Megan O’Connor and is based in Beverly, MA. 

Splendid Spoon, a plant-based and ready-made meal delivery service, raised $12M in Series B funding. The round was led by Nicoya. The company was founded by Nicole Centeno and is based in New York, NY. 

Zero Grocery, a zero-waste grocery delivery service, raised $11.8M in Seed funding. The round was led by Sway Ventures. The company was founded by Zuleyka Strasner and is based in Berkeley, CA.

Clare, a designer-curated paint company, raised $8M in Series A funding. The round was led by Nicole Gibbons. The company was founded by Pendulum Holdings and is based in New York, NY. 

EON, a company that connects retail items to Digital IDs to make them interactive and intelligent, raised $6M in Series A funding. The round was led by Imaginary Ventures. The company was founded by Natasha Franck and is based in New York, NY. 

Plinqit, a smart savings app, raised $5M in Series A funding. The round was led by FINTOP Capital. The company was founded by Kathleen Craig and is based in Dexter, MI. 

Gemist, a custom jewelry company that lets customers design and try on pieces before buying, raised $3M in Seed funding. The round was led by Entrada Ventures. The company was founded by Madeline Fraser and is based in Los Angeles, CA. 

Hearth Display, an organization and productivity tool for families, raised $2.7M in Seed funding. The company was founded by Mei Lin Ng, Nathalie Stratton, and Susie Harrison, and is based in New York, NY. 

GritWell, a virtual care platform for chronic health issues, raised $2.5M in Seed funding. The round was led by Peterson Ventures. The company was founded by Chelsea Rowe and is based in San Francisco, CA. 

Move This World, a developer of social and emotional skills curriculums for schools and families, raised $1M in venture funding. The company was founded by Sara LaHayne and is based in New York, NY. 

Hearth Display, an organization and productivity tool for families, raised $2.7M in Seed funding.

BRIGHT, which offers passive light therapy for increased cognitive health, raised $600K in Seed funding. The company is led by Wendy Bronfin and is based in New York, NY. 

Pet Krewe, a company that designs costumes, toys, and crafting kits for pets, raised $568K in Seed funding. The round was led by CSA Partners. The company was founded by Allison Albert and is based in New Orleans, LA. 

Do you know any companies that should be on this list? Send them my way!