Funding to African female founders hit a five-year low in 2024
- Female startup founders raised $48 million in 2024, four times less than the previous year.
- Male startup founders raised over $2 billion in 2024.
- Gender-diverse teams raised $121 million, while solo female founders received only $21 million.
The stark contrast in funding between male and female founders highlights systemic issues within the venture capital landscape that need urgent addressing. While initiatives to support female entrepreneurs are emerging, the slow pace of change suggests that deeper cultural shifts are necessary to dismantle biases and create equitable opportunities for all founders.
