Launch & Lead: 78% of the female co-founders in Antler’s portfolio are also the CEO of their business

Woman who participate in Antler’s program significantly increase their chance of leading their own company.

adele-moynihan

Author

Adele Moynihan

Adele is responsible for Antler’s Pre-Launch and Pre-Seed delivery as well as Antler Advantage. In addition, she plays a critical role in Antler’s fundraising and fund strategy. Previously, Adele was an early hire of now unicorn SafetyCulture and led the assembly of the c-suite of five corporate backed startups at BCG Digital Ventures.

Antler is providing women with a platform to lead successful tech companies.

In fact, chances are if you're a female co-founder within Antler's startup generator program, you're more likely to also be the CEO.

Since the VC launched in Singapore in 2017, it has run nine cohorts across four continents, producing 119 portfolio companies. Of those companies, 41% have a female co-founder and of those women, 78% hold the position of CEO.

From Stockholm to London, Narobi, Amsterdam, Singapore, Oslo, New York and Sydney, Antler builds strong co-founding teams, often led by strong female leaders.

When looking at global benchmarks as a comparison, the Silicon Valley Bank's 2019 Startup Outlook Survey (findings below) reports that just 28% of startups globally have a female founder.

Infographic illustrating demographic data from Silicon Valley Bank's 2019 Startup Outlook Survey

Antler's statistics demonstrate that as a woman joining an Antler program, you are significantly increasing your chances of not only co-founding a company but leading it.

"People close to me know that I was always propelled forward by my desire to solve challenges in insurance. Doing this through my own startup was and continues to be a scary thought," says Skye Theodorou, co-founder and CEO of UpCover, an Antler portfolio company out of Sydney's first program - a region where all-female alumni are also the CEO of their business.

"When you consider doing anything - it might feel lonely, isolating and terrifying. However, the Antler program gave me a structure, a group of incredible people to baseline my experiences, and share the experience with, and provided me with a circle of influence that was enormous.

"This circle of influence was integral was a huge boost whether giving me the courage or validity to tap into my own networks or new ones. What I love most about Antler is that everyone joining is on equal terms, regardless of age, gender, sexual orientation or ethnicity. I know it's made a huge difference to my business, as a first-time founder, and a woman.

So, why is it important to have gender diversity in a founding team?

Women are not a minority. They represent 50% of the world's population and therefore this should not be a conversation about diversity but rather representation, gender parity and equality. This will not only build stronger teams and companies, but it will also provide a significant boost to the economy. If women were to participate in the workforce identically to men, they could add as much as US$28 trillion or 26% to annual global GDP in 2025. In addition to that, startups co-founded by women generate 78 cents for every dollar funded, while male-founded startups generated only 31 cents.

Antler enables women to found and lead new companies and is actively part of moving the needle in the gender equality movement within the workforce. Creating female leaders makes women not just part of the conversation but decision-makers at the helm of the business.

Subscribe to our newsletter

Get the latest news and views from Antler’s global community

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Must-read articles from Antler

Browse our collection of founder stories, industry insights and latest startup successes from Antler Australia

See articles
Insights
5 min read
The 2022 Benelux Unicorn Founder Roadmap: How to build unicorns in Benelux

As everyone anticipates the next wave of ultra-successful companies in Benelux, what does it take to get there? What do the successful founders of Benelux unicorns look like? This report is an in-depth look at the Benelux startup ecosystem and its brightest stars. And above all, it is for anyone who is helping build the next 50 unicorns in Benelux.

Insights
5 min read
The Angle: Why the long-term view is the hard but right one

The Angle is a new content series from Antler, featuring perspectives from our team members on the biggest events and trends impacting founders and early-stage investors today. Every article is that person's unique angle on a hot topic—what they see from their vantage point in one of our 25 offices around the globe—not Antler's stance. In our first edition, Jeff Becker draws lessons from the demise of FTX and turbulent tech moments in recent years. This article first appeared in Jeff's Monday Morning Meeting on Substack.

Founder Stories
5 min read
Jamie Bubb: The tech marketing venture developer connecting brands and content creators

Our new content series—"It All Starts with People"—delves into the passions, motivations, and vision of the exceptional founders we have the privilege of partnering wtih around the world. In our second spotlight, we sat down with Jamie Bubb, co-founder of Twirl, a remote content studio powered by top-quality creators that helps brands scale their content engines rapidly and cost-effectively.

Insights
5 min read
Venture investing in the downturn

We are living two simultaneous realities: the uncertainty of the current downturn and the unstoppable wave of innovation disrupting every industry. Against this backdrop, Antler's Kevin Brennan shares perspectives on assessing your position in venture capital for the rest of 2022 and into 2023. Might 2023 be the best vintage for the coming decade?

Founder Stories
5 min read
Emilia Theye: The psychologist using AI to democratize access to mental health solutions

Antler was founded on the belief that people innovating is the key to building a better future. To honor them, we are launching a new content series—”It All Starts with People”—spotlighting the exceptional founders we have the privilege of partnering with around the world. Each story is a window into their passions, motivations, and vision—the reasons they are building and the positive dent they are aiming to make on the world.

In our first spotlight, we sat down with Emilia Theye, the co-founder of clare&me—a mental health app that uses language-based AI to develop an innovative approach to virtual self-help.

News
5 min read
Backing founders from day zero to greatness

Today we are sharing our new brand that reflects that commitment and the reason Antler exists: to stand behind our founders from day zero and to keep backing them on their paths to greatness.

Founder Stories
5 min read
Seven ways founders can prioritize mental well-being as they build

Founders are the life force of the startup ecosystem. They give their all, betting on their seemingly “crazy” convictions and executing on abstract ideas that can potentially make our lives and work easier, faster, healthier, and better optimized.

But sometimes they do this to the detriment of their health. Being a founder means being beholden to customers, employees, and investors while balancing personal life. Often founders trade their stable, well-paying jobs to prioritize the restless inquisitivity of their mind. In the quest to answer the question “what if?”, they sometimes sacrifice their mental and physical health, only realizing the effects on their state of mind once they have impacted their ability to function as a leader. We have also seen how the mental pressure on founders can cause distress to those who depend on them for their livelihood and direction.

Insights
5 min read
A fresh take on early-stage VC: Harvard Business School publishes a case study on Antler

Harvard Business School (HBS) recently published a case study about Antler’s fresh approach to early-stage venture capital. Antler Co-Founder Fridtjof Berge shares thoughts on how the case sparks discussion about the best ways to identify and support great people anywhere on earth.