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

Welcome back 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 March, GHF tracked 27 deals across U.S. companies in various industries with founding teams of all women. Funding across these deals totaled $376.4M, representing 5% growth over February. The average deal size was $13.9M and the median deal size was $4.0M. This brings the total funding for the first quarter of 2022 to $1.0B!

Chief, a membership for connecting women executive leaders, raised $100M in Series B funding. The round was led by CapitalG. The company was founded by Carolyn Childers and Lindsay Kaplan, and is based in New York, NY.

Alfred, a residential management platform, raised $50M in funding. The round was led by Rialto Capital Management. The company was founded by Jessica Beck and Marcela Sapone, and is based in New York, NY.

Xata.io, a serverless database service, raised $30M in Series A funding. The round was led by Index Ventures and Redpoint. The company was founded by Monica Sarbu and is based in Delaware.

a membership for connecting women executive leaders

OncXerna Therapeutics, which provides precision medicine by using an RNA-based biomarker, raised $30M in funding. The company was founded by Dr. Laura E. Benjamin and is based in Waltham, MA.

Kindbody, a FemTech company providing fertility and gynecology care, raised $29.4M in funding. The company was founded by Gina Bartasi and is based in New York, NY. 

Wildflower Health, a digital women’s health company, raised $26M in funding. The round was led by TT Capital Partners. The company was founded by Leah Sparks and is based in San Francisco, CA.

CoProcure, a procurement platform that allows agencies to combine purchasing power, raised $22M in Series A funding. The round was led by Forerunner Ventures. The company was founded by Mariel Reed and Alicia Chen, and is based in San Francisco, CA.

a marketplace for remote teams

Instant Teams, a marketplace for remote teams, raised $13M in Series A funding. The round was led by Tiger Global Management. The company was founded by Liza Rodewald and Erica McMannes, and is based in Rehoboth Beach, DE. 

Rebel Girls, which is dedicated to raising an inspired and confident generation of girls, raised $13M in Seed funding. The round was led by Base10 Partners and Owl Ventures. The company was founded by Elena Favilli and is based in San Francisco, CA.

Aavrani, a skincare brand that is inspired by India’s beauty rituals, raised $9.9M in funding. The company was founded by Rooshy Roy and is based in Philadelphia, PA.

Zaya Care, a network of maternity specialists, raised $7.6M in Seed funding. The round was led by Inspired Capital Partners. The company was founded by Leoni Runge and is based in New York, NY.

MDisrupt, a digital health platform, raised $6M in Seed funding. The company was founded by Ruby Gadelrab and is based in San Jose, CA.

Interstellar Lab, which is developing solutions for life support in space, raised $5M in Seed funding. The company was founded by Barbara Belvisi and is based in Los Angeles, CA.

Nivati, a digital mental health platform, raised $4M in Seed funding. The round was led by Firebrand Ventures. The company was founded by Amelia Wilcox and is based in Salt Lake City, UT.

EMTECH, which aims to modernize central banks, raised $4M in Seed funding. The company was founded by Carmelle Cadet and is based in New York, NY.

Possip, a provider of online parent-teacher communication solutions, raised $3.9M in funding. The company was founded by Shani Dowell and is based in Nashville, TN.

Lillii RNB, an IT consultancy, raised $3.7M in funding. The company was founded by Barbara Jones and is based in Atlanta, GA.

which aims to modernize central banks

Loupe, a visual art experience that allows customers to stream art from around the world, raised $3.4M in funding. The company was founded by Dot Bustelo and is based in Atlanta, GA.

Aclarity, a water treatment technology company, raised $3.3M in funding. The company was founded by Julie Bliss Mullen and is based in Hadley, MA.

Omcare, a digital home health platform, raised $3.3M in funding. The company was founded by Lisa M. Lavin and is based in Burnsville, MN.

Margaux, a women’s shoe brand, raised $3M in funding. The company was founded by Sarah Pierson and Alexa Buckley, and is based in New York, NY.

a self-publishing platform for authors

PublishDrive, a self-publishing platform for authors, raised $2M in Series A funding. The round was led by Lead Ventures. The company was founded by Kinga Jentetics and is based in Redwood City, CA.

The Labz, a no-code tool to help brands create better and more immersive online experiences, raised $1.2M in funding. The round was led by Cultivation Capital. The company was founded by Farah Allen and is based in Atlanta, GA.

Naples Soap Company, a skincare and beauty brand, raised $935K in Seed funding. The company was founded by Deanna Wallin and is based in Fort Myers, FL.

Xena Workwear Inc, an apparel company for women in STEM, raised $850K in funding. The round was led by gANGELS. The company was founded by Anastasia Kraft and is based in Milwaukee, WI.

ArchSlate, a hiring automation platform focused on the Architecture, Engineering and Construction industries, raised $700K in Pre-Seed funding. The round was led by TampaBay.Ventures. The company was founded by Vaishnavi More and is based in San Francisco, CA.

LevelNext, a marketplace for mentors, raised $400K in Pre-Seed funding. The company was founded by Elisa Garn and is based in Salt Lake City, UT. 

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