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UK female-founded tech firms raise £3.6bn – 15% of total VC funding in 2022

female tech funding 2022
Image credit: Starling Bank

UK tech companies founded by women last year secured £3.6bn in venture capital funding in 2022, an increase of £700m on the year prior but still just 15% of the £24bn raised by all tech firms across the country last year.

Data released by the newly formed Department for Science, Innovation and Technology (DSIT) found that eight female-founded UK tech firms secured more than $100m (£83.2m) last year.

However, the findings show that woman-founded companies accounted for just 13, or 9%, of the UK’s 144 tech unicorns – tech startups with a private valuation of at least $1bn.

“I want the UK to be the best place for anyone – male or female – to start and grow a tech business, so it’s brilliant to see female-founded firms attracting more investment than ever before,” said Tech Secretary Michelle Donelan....