Gender diversity in startup investment
Startup funding democratisation pl...
It’s a well known fact that women and non-binary individuals, on average, earn less than their male counterparts.
Startup funding democratisation platform DeckSender just released the results of a study of more than 1,400 startups that use its platform around the world in order to find out where the disparity between male and female founders is greatest, and where women are closest to closing the gender gap.
Key takeaways from the report include the fact that the UAE has the highest number of female founders seeking investment, female startup founders comprise just 21% of startups, and twice as many female startup founders have PhDs as their male counterparts.
Of the 66 countries worldwide represented on the DeckSender platform, just 19 of them (28%) have both male & female founders competing for investment. 44 countries (66%) are 100% male dominated. Just 3 countries (4.5%), are 100% female founder dominated.
Only in Israel, New Zealand, Nigeria, Philippines, United Kingdom & the United States are female founders asking for more than male founders.
“If you look at the numbers from the UAE, 70% of founders using DeckSender are female. Our mission is democratising access to investment, this stands out to us and makes us happy to see,” said Mike Sutton, co-founder of DeckSender. “We’re excited for what's coming over the next 12 months as we look to add more investors in different parts of the world to expand our global reach for startups but also reach more Startup’s and ambitious founders outside of the traditional investment hubs of London, Berlin, New York, San Francisco & Singapore no matter their backgrounds or gender. Also, the fact that 17% of Startups using DeckSender to pitch for investment get through to investment committee stage versus the accepted industry figure of about 8% makes me smile as we’re achieving our goal of getting people through the doors at investment firms. ”
Future-tech and IXAfrica: Full Life Cycle Expertise
Future-tech is unique among data centre consultancies for a number of reasons. Not only does the Reading-based firm have high levels of expertise in markets ranging from Helsinki to Johannesburg, but Future-tech offers services across the complete life cycle of a facility.
“We are involved with projects from the initiation to completion,” explains James Wilman, Future-tech’s CEO. “We go from initiation phase - which could mean the site selection process or technical due diligence for a merger or acquisition - all the way through establishing the brief, the various design stages, construction oversight, commissioning, operation, end of life cycle replenishment, and can start right back at the beginning with refurbishment.”
While some factors, like the facility requirements for major tenants, remain the same no matter where you are, Wilman explains that “it's the environmental conditions, construction methodologies, supply chain, and skill sets available in different locations that vary, and that makes this a very interesting job.”
Future-tech was selected by IXAfrica as the life cycle design strategic partner for its hyperscale campus project in Nairobi, Kenya. Wilman explains that, over the past year, Future-tech has been leveraging its strong local knowledge, working closely with Kenyan architects and engineers, and collaborating with both Guy Wilner and Clement Martineau, to help IXAfrica successfully deliver Kenya’s largest hyperscale data centre.
“Future-tech did its first project on the African continent in 2012 in Kenya. I've been involved in the data centre space there for a long time, and have known Guy for a number of years through projects and interaction in Europe,” says Wilman. “As the IXAfrica project came into being, Guy and I spoke about it as he knew that we were already quite familiar with the area. We assisted out with the initial planning and project design, and the relationship really grew from there.”
Wilman adds that the experience helping Future-tech support the IXAfrica project has been hard-won. “It's been a steep learning curve, figuring out how to work in Africa. Some of our earlier projects were quite challenging, but we're fortunate to be at a point now where working throughout the region feels really comfortable,” he explains. “One of the things about Nairobi - which we found out when we were working on our first project in the city back in 2012 - is that, because it's about 1,200 metres above sea level, the altitude actually de-rates the onsite equipment. Having your equipment perform less well because of the altitude can massively impact the whole facility.” Understanding the factors that define a local environment can be the difference between success and disaster for a data centre, and Future-tech’s extensive experience in Kenya is a key supporting factor for IXAfrica’s success in Nairobi.
Wilman has also developed a strong collaborative relationship with Guy and Clement. “We've got over a gigawatt of design projects going through our office at the moment with different clients, which means that we're always learning new things. What is refreshing about working with Guy and Clement is that when we bring them a new idea, they listen to us,” says Wilman. “We've had a good run in Nairobi with IXAfrica built off of a long relationship, and I hope we get to continue working with them on their future projects.”