Female Venture Capitalists are pioneering South Africa’s Silicon Valley
By Paula Mokwena, CEO at Fireball Capital
The global venture capital (VC) ecosystem is no stranger to the common challenge that female entrepreneurs face – lack of funding. Research by the World Bank shows that for every $1 invested in women, $25 goes to men in the African startup space1. This is the case across all regions and twice the burden for African women attempting to break into the ‘boys’ club’. Small strides have been made toward uplifting women in the broader tech space, and the effort that has been made can be attributed to the influx of female investors and venture capitalists into the market2.
The disproportionate level of funding channelled into male-led startups might suggest that these are more lucrative investments3. However, research by BCG has shown that businesses fo...
