Women-founded IT startups in the United Kingdom raised $4.3 billion in 2022

6
b2b

Women-led digital firms in the United Kingdom are attracting more funding.

According to statistics from Dealroom evaluated for the Government for Science, Innovation, and Technology and cited in a news release, such businesses raised £3.6 billion (about $4.3 billion) in 2022, up from £2.9 billion (about $3.4 billion) in 2021.

“I want the United Kingdom to be the finest environment in the world for anyone — male or female — to start and build a tech business, so it’s fantastic to see female-founded enterprises garnering more investment than ever before,” Tech Secretary Michelle Donelan said in a statement.

According to the press release, eight firms with female founders or co-founders secured $100 million or more in investment rounds in 2022.

According to the statement, FNZ funded $1.4 billion as a FinTech.

According to the statement, four additional FinTechs made the top ten in terms of fundraising rounds, with Lendable ranking third with $252 million, Starling Bank ranking fifth with $157 million, 5ire ranking eighth with $100 million, and Cleo ranking tenth with $80 million.

According to the press release, the UK government has launched many programs to promote diversity in the tech sector.

Supporting an industry-led group called the Tech Talent Charter, which brings organizations together to improve diversity and inclusion, investments in scholarships and courses that encourage women to consider a career in technology, and the Department for Science, Innovation, and Technology collaborating with Colorintech to develop a toolkit to help digital businesses create more inclusive workplaces, according to the release.

“Along with industry leaders, my brand-new department will work hard to create the ideal atmosphere for inspired women to establish careers in the United Kingdom’s strong digital industry and help it achieve new heights,” Donelan said in a statement.

This comes only two days after the British government announced an investment of £370 million (about $446 million) to boost “future industries.”