Glass 2% Funded: May VC Funding Report
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Glass 2% Funded: May 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 May, GHF tracked 24 deals across U.S. companies in various industries with founding teams of all women. Funding across these deals totaled $117.2M, which is the lowest month in 2022. I think we are officially starting to see the negative macroeconomic factors affect VC funding. The average deal size was $4.9M and the median deal size was $3.1M. 

Rael, which offers organic menstrual products, raised $35M of Series B funding. The round was led by Colopl Next and Signite Partners. The company was founded by Aness An, Binna Won, and Yanghee Paik, and is based in Los Angeles, CA.

Planet FWD, a platform to help companies calculate and manage their carbon footprint, raised $10M of Series A funding. The round was led by Acre Venture Partners and Congruent Ventures. The company was founded by Julia Collins, and is based in San Francisco, CA.

Mahmee, a maternal and infant health platform, raised $9.2M of Series A funding. The round was led by Goldman Sachs Asset Management. The company was founded by Linda Hanna and Melissa Hanna, and is based in Los Angeles, CA.

Rael, which offers organic menstrual products, raised $35M of Series B funding

Paladin, which offers software to help lawyers find more pro bono work, raised $8M of Series A funding. The round was led by World Within Ventures. The company was founded by Felicity Conrad and Kristen Sonday, and is based in New York, NY.

Aavrani, a beauty brand inspired by ancient Indian rituals, raised $7M of Series A funding. The round was led by Skara Ventures. The company was founded by Rooshy Roy, and is based in Philadelphia, PA.

SimpliFed, a telehealth platform for breastfeeding support, raised $6M of Seed funding. The round was led by Morningside Ventures and The Venture Collective. The company was founded by Andrea Ippolito, and is based in Ithaca, NY.

AboveBoard, a hiring platform for executives that is focused on inclusivity, raised $6M of Seed funding. The company was founded by Lucinda Duncalfe, and is based in New York, NY.

Full Harvest, a marketplace for surplus or imperfect produce, raised $5M of Series B funding. The company was founded by Christine Moseley, and is based in San Francisco, CA.

Two Front, a tech-enabled platform to connect orthodontists and dentists, raised $3.5M of Seed funding

Two Front, a tech-enabled platform to connect orthodontists and dentists, raised $3.5M of Seed funding. The round was led by Craft Ventures. The company was founded by Ingrid Murra, and is based in Venice, CA.

Claira, an analytics platform powered by AI to help companies better understand their hiring, raised $3.5M of Seed funding. The round was led by Heartland Ventures. The company was founded by Katie Hall, and is based in Grand Rapids, MI.

Pluie, which has developed self-sanitizing changing tables, raised $3.5M of funding. The company was founded by Addie Gundry and Brittany Hizer, and is based in Lake Forest, IL.

Fundid, a FinTech company aiming to simplify access to capital for businesses, raised $3.3M of Seed funding. The round was led by Nevcaut Ventures. The company was founded by Stefanie Sample, and is based in Missoula, MT.

Prismpop, a personalized beauty company, raised $3M of Seed funding. The round was led by Female Founders Fund. The company was founded by Maggie Knox and Peiyu Li, and is based in Pasadena, CA.

Manara, which connects women software engineers in the middle east with jobs, raised $3M of Pre-Seed funding. The round was led by Stripe. The company was founded by Iliana Montauk, and is based in San Francisco, CA.

Moxie Apparel, a medical apparel company, raised $2.3M of Pre-Seed funding. The company was founded by Alicia Tulsee, and is based in Somerville, MA.

ARMRA, which has developed a colostrum concentrate to strengthen your skin, lung, and gut barriers, raised $1.5M of funding. The company was founded by Sarah Rahal, and is based in New York, NY.

TheWMarketplace, a platform for people to shop by their values and purchase from businesses that are women-owned, raised $1.4M of Seed funding. The round was led by Erika McKitterick. The company was founded by Kate Isler and Susan Gates, and is based in Seattle, WA.

Fluid-Screen, technology to detect bacteria in real time, raised $1.2M of Series A funding. The company was founded by Monika Weber, and is based in Beverly, MA.

Happied, outsourced event planning for employee events, raised $1.1M of Seed funding. The round was led by HearstLab. The company was founded by April Johnson and Sharon Cao, and is based in Washington, DC.

TheWMarketplace, a platform for people to shop by their values and purchase from businesses that are women-owned, raised $1.4M of Seed funding

Upgrade Boutique, a marketplace for high-quality hair extensions and freelance stylists, raised $1M of Seed funding. The company was founded by Britney Winters, and is based in Houston, TX.

Humetrix, an analytics platform for the healthcare industry, raised $1M of funding. The company was founded by Bettina Experton, and is based in Del Mar, CA.

Something Borrowed Blooms, a floral rental company, raised $834K of funding. The company was founded by Laken Swan and Lauren Bercier, and is based in Lafayette, LA.

Zoee, a business automation company designed for coaches, raised $800K of Seed funding. The company was founded by Nichole Lowe, and is based in Raleigh, NC.

Samsara Luggage, which offers smart suitcases, raised $129K of Seed funding. The company was founded by Atara Dzikowski, and is based in Hackensack, NJ.

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

Data sourced from Crunchbase