In 2019, just 1% of venture backed founders were Black, despite the high level of innovation coming from the Black community. If we want to build a system with an equitable flow of capital, we have a long way to go to expand perceptions and get more people to see themselves as investors, and expand who has access to investment accounts and services.

The research conducted by Female Funders and Highland Beta (2019) examines 55 venture funds and 26 angel investor groups in Canada.

By understanding the gender gap in high-tech entrepreneurship, we can learn about the decision-making process that occurs for men and women also; many corporate organizations are boosting their efforts to encourage women's participation in technical work through training and social networking programs.

Despite efforts toward increasing gender diversity in the venture capital (VC) industry, a significant gender gap remains among investment decision-makers and recipients of venture capital funding.

According to Crunchbase figures, in 2019, 2.8% of funding went to women-led startups; which fell to 2.3% in 2020.

Female founders secured only 2% of venture capital in the U.S. in 2021, the smallest share since 2016 and a sign that efforts to diversify the famously male-dominated industry are struggling.

According to BLCK VC, black representation in the VC ranks increased slightly in the past year, from an estimated 3 percent of investors to 4 percent in 2021.