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New York metro ranks second nationwide in VC deals to all-female founding teams - The Business Journals

Reported by Bizjournals
Apr 24, 2026· 3 min read
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Key Takeaways
  • • New York metro secured 206 deals for all-female founding teams over the past year, ranking second nationally behind San Francisco's 214 deals, representing a concentrated competitive position in female founder financing.
  • • Since 2016, NYC has accumulated 5,550 deals involving female-founded companies and ranked second nationally by deal count in 2025 with 426 deals, establishing the region as a sustained hub for women entrepreneurs.
  • • Female-founded companies nationally raised a record $73.6 billion in 2025 (27.7% of total VC), but capital concentration intensified with Anthropic and Scale AI capturing over 40% of female-founder VC dollars, while deal count declined for the fourth consecutive year.
  • • All-female founding teams specifically received only 2% of total venture capital in 2023, significantly lagging companies with mixed-gender teams, indicating persistent structural disparities despite headline improvements in aggregate funding.
  • • Nationally, female-founded companies raised 24.1% of total VC deal count in 2025, up from approximately 15% a decade ago, though the concentration dynamic reveals dollars flowing to larger rounds rather than expanding deal pipeline breadth.
Summary
New York's venture capital ecosystem continues to demonstrate strength in backing female founders, with the metro area ranking second nationwide for all-female founding team deals. Over the past year through April 2026, the New York metro—encompassing New York City and portions of New Jersey, Connecticut, and Pennsylvania—secured 206 deals for companies with all-female founding teams, trailing only the San Francisco metro's 214 deals. This positioning reflects NYC's established infrastructure supporting women entrepreneurs, reinforced by data showing the region has accumulated 5,550 female-founded deals since 2016, also ranking second nationally on that cumulative metric.

The national funding landscape for female founders presents a paradoxical picture of growth masking structural challenges. In 2025, female-founded companies (defined as startups with at least one female co-founder) raised a record $73.6 billion across 3,219 deals, nearly doubling the $44.7 billion raised in 2023. This growth elevated female-founded companies to 27.7% of total U.S. venture capital—up from 19.9% in 2024 and approximately 15% a decade earlier. However, this apparent breakthrough conceals significant capital concentration: Anthropic and Scale AI alone captured over 40% of all venture dollars invested in female-founded companies, with combined funding exceeding $30 billion. This concentration reflects a broader trend wherein deal count declined for the fourth consecutive year, indicating that investors are consolidating bets into larger rounds rather than broadening access across the founder pipeline.

The disparity between headline figures and on-the-ground realities becomes more pronounced when examining all-female versus mixed-gender teams. While female-founded companies collectively achieved record funding levels, all-female founding teams secured only 2% of total venture capital in 2023. By deal count in 2025, female-founded startups represented 24.1% of transactions, slightly down from 2024's 25.7%, though marginally improved from approximately 22% a decade prior. The concentration effect extended beyond traditional metrics: AI startups absorbed two-thirds of every venture dollar flowing to female-founded companies, with former OpenAI CTO Mira Murati's Thinking Machines Lab raising a record $2 billion seed round in July 2025 at a $12 billion pre-product valuation, exemplifying how funding access remains unequally distributed even within expanding dollar pools.

NYC's continued ranking as the second-largest metro for female founder deals underscores the region's significance despite these national structural challenges. In 2025 alone, New York secured 426 deals for female-founded companies, reinforcing its position as a key hub where women entrepreneurs can access capital and network infrastructure. Yet the broader ecosystem data suggests that while aggregate funding metrics have improved substantially, the benefits remain concentrated among a small cohort of companies and founders, while systemic barriers to broader capital access persist across the pipeline—a dynamic that has intensified rather than reversed over the past four years.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Bizjournals New York metro ranks second nationwide in VC deals to all-female founding teams - The Business Journals