31 Jan Glass 2% Funded: January VC Funding Report
Welcome to our new 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.
GHF has been tracking funding data informally for some time through our ‘Funding Alerts’ on social media, but I’m excited to start sharing more formal reporting on women-founded companies receiving VC money.
Can you believe the first month of 2022 is already over? In January, GHF tracked 19 deals across companies in various industries with founding teams of all women. Funding across these deals totaled $275.1M, with an average deal size of $17.2M and a median deal size of $3.8M.
Savage X Fenty, an inclusive women’s lingerie brand, raised $125M in Series C funding. The round was led by Neuberger Berman Group. The company was founded by the iconic Rihanna and is based in El Segundo, CA.
Spekit, a digital employee onboarding and training platform to increase time to productivity, raised $45M in Series B funding. The round was led by Craft Ventures. Spekit was co-founded by Melanie Fellay and Zari Zahra, and is based in Denver, CO.
Soona, a virtual photo and video studio for e-commerce brands, raised $35M in Series B funding. The round was led by Bain Capital Ventures. The company was co-founded by Elizabeth Giorgi and Hayley Anderson, and is based in Denver, CO.
Vangst, an employee recruiting platform for the cannabis industry, raised $19B in Series B funding. The round was led by Level One Fund. Vangst was founded by Karson Humiston and is based in Denver, CO.
Lucy Therapeutics, a biotech company focused on fighting neurological diseases, raised $15M in funding. The company was founded by Amy Ripka and is based in Cambridge, MA.
VeriSIM Life, a platform for predicting clinical drug trial outcomes, raised $15M in Series A funding. The round was led by Morpheus Ventures. VeriSIM Life was founded by Jo Varshney and is based in San Francisco, CA.
Lemonada Media, a podcast network, raised $8M in Series A funding. The round was led by BDMI. The company was founded by Jessica Cordova Kramer and Stephanie Wittels Wachs, and is based in Minneapolis, MN.
Byteboard, which is rethinking how technical interviews for engineers are done, raised $5M in Seed funding. The round was led by Cowboy Ventures. Byteboard was founded by Nicole Hardson-Hurley and Sargun Kaur, and is based in San Francisco, CA.
Break the Love, an online platform to find local tennis clubs and activities, raised $2.5M in Seed funding. The round was led by Lake Nona Fund. The company was founded by Tess Szymanski, Tiffany Kelly, and Trisha Goyal, and is based in New York, NY.
Pocketnest, a digital financial planning platform focused on Millennials and Gen-X, raised $2M in Seed funding. The round was led by The Impact Seat, Reseda Group, and Invest Detroit Ventures. Pocketnest was founded by Jessica Willis and is based in Ann Arbor, MI.
GRID (Gaming Revolution for International Development), also known as Breshna, which allows people to create no-code blockchain games, raised $1.1M in Seed funding. The round was led by 11 Tribes Ventures and Blockchain Founders Fund. The company was founded by Mariam Nusrat and is based in Vienna, VA.
Oars + Alps, a natural and toxin-free skincare brand for men, raised $1M in funding. Oars + Alps was founded by Mia Saini and Laura Lisowski Cox, and is based in Chicago, IL.
Memoria, an online funeral planning platform, raised $550K in Pre-Seed funding. The company was founded by Aurelie Biehler and is based in New York, NY.
Respira Labs, a biotech company focused on fighting chronic lung disease, raised $500K in Pre-Seed funding. The round was led by ImpactAssets. Respira Labs was founded by Maria Artunduaga and is based in Mountain View, CA.
Bridge to College, an analytics company focused on high school and college research, raised $350K in Seed funding. The round was led by Inspiration Ventures. The company was founded by Vielka Hoy and is based in Chicago, IL.
Pair Anything, an online wine and food pairing experience, raised $60K in Pre-Seed funding. Pair Anything was founded by Christy Serrato and is based in Davis, CA.
Ceremonia, a haircare brand celebrating LatinX roots, raised an undisclosed amount of Seed funding. The company was founded by Babba Canales Rivera and is based in New York, NY.
Salaso Health Solutions, an online medical platform to help with injury recovery, raised an undisclosed amount of venture funding. The round was led by Davy EIIS Fund. Salaso Health Solutions was founded by Aoife Ní Mhuirí and is based in New York, NY.
Equalicert, which is dedicated to helping businesses achieve DEI initiatives through AI and analytics, raised an undisclosed amount of Pre-Seed funding. The company was founded by Rachel Dowling and is based in Dover, DE.
Do you know any companies that should be on this list? Send them my way!