Fidelity venture capital fund11/28/2023 ![]() ![]() It’s great to be launching our latest fund at a time when there is so much entrepreneurial energy and ambition in both Europe and Israel and we’re now firmly on a path to building global technology champions out of the region. To give you an idea of how the fund has grown, the first Eight Roads fund was £100 million, the second £150 million, the third $375 million, and the latest is $450 million.ĭavor Hebel, managing partner and head of Eight Roads Ventures Europe said: 10-year-old Eight Roads is backed by Fidelity and was formerly known as Fidelity Growth Partners and before that Fidelity Ventures.Įight Roads has previously invested in companies such as AppsFlyer, Cazoo, Fireblocks, Hibob,, Spendesk, Red Points and Neo4j, and now manages over $8 billion of capital across Europe, Asia and the U.S. Cheque sizes will range from around $5 million to $50 million per company, and as such, it tends to play more in growth funding rounds. Morgan, in PitchBook’s “All In: Female Founders in the US VC Ecosystem” report.European VC Eight Roads is launching its fourth fund of $450 million for European and Israeli tech companies, aiming for another 15-20 across a broad range of consumer, software as a service, fintech and health tech areas. And while the numbers are still low, we’re heading in the right direction,” said two long-standing experts of the VC ecosystem, Pamela Aldsworth and Katie Taormino of J.P. “Over the past few years, the number of women-led funds has started to rise, making a dent in a landscape long dominated by men. Venture Capital Funding for Women Founders Is Heading in the Right Direction Healthcare is another large industry both in the U.S. Also in Europe, tech is the largest industry for female founders by deal value, and software is the biggest segment with EUR 4.1 billion invested (as of end January). female founders in tech closed $26.8 billion in the first three quarters of 2022, just shy of the amount closed by the third quarter of 2021 and 54.3% higher than the amount raised in 2020. Technology is one of the most popular VC industries and by far the largest industry for female founders by deal value. Tech Is the Largest Industry for Female Founders GRAPHIC: Source: Pitchbook European VC Female Founders Dashboard. These both represent sharp declines from 2021, although they are still the second-highest annual totals on record,” said Rubio. “Companies with at least one female founder have raised about $38 billion in venture funding over 3,503 deals in 2022, while startups with only female founders have garnered $4.3 billion over 926 deals, according to PitchBook data as of Nov. Looking into the data, it’s important to distinguish between companies with mixed founder teams (female and male) and startups with female founders only. Startups With Mixed Founders Raised More Money experienced similar lulls in deal activity, according to PitchBook’s ‘All In: Female Founders in the US VC Ecosystem.’ However, female-founded companies appear to have not been disproportionately hurt by the decline in activity this year, unlike in previous slowdowns.” U.S. “As VC market conditions worsened throughout the year, female-founded companies in the U.S. “After the lofty heights that VC-backed companies reached in 2021, it was perhaps only natural that they’d come back down to earth in 2022,” said Jordan Rubio, editor at Pitchbook. The year 2022 was a challenging one for VC markets in general. ![]()
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