By Gabby Cazeau and Gitika Pahwa (Winter Intern 2023)

We just released Harlem Capital’s 2022 Women Founder Report. As a fund that focuses on investing in women founders, we wanted to dive into the data to better understand the funding landscape for women founders in 2022. 

How much did women founders raise in 2022?

This year the report focuses on women founders that raised over $1M in 2022. We found 977 companies, but from that only 892 had publicly available funding information. This report focuses on those 892 companies. The 892 companies raised $17.9B of capital with a median raise of $6.5M. 30% of companies raised a round at the seed stage.

Who are the founders by gender and race?

Out of the 892 companies, 74% were founded by White women. In terms of median capital raised, Asian women raised the most at $8.0M, followed by Middle Eastern women at $7.0M. Black Women had the lowest median capital raised at $3.5M.