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The 2024 US All In report, sponsored by Wilson Sonsini, Fidelity Private Shares, and Flourish Ventures, highlights the evolving landscape for female founders in the US VC ecosystem. Despite progress in overall funding levels, female-founded companies continue to face systemic challenges in securing investment.
Key insights:
- Funding growth amid deal volume decline: Female-founded companies raised $38.8 billion in 2024 (+27% YoY), but deal count dropped 13.1%, concentrating capital in fewer startups.
- Late-stage investment and valuation gaps: More female-founded companies reached venture-growth stages last year, but valuation disparities with male-founded companies widened.
- Stronger exit and unicorn activity: 13 new female-founded unicorns emerged in 2024, and female-founded companies secured a record 24.3% share of total US VC exit count.
Table of contents
| Executive summary | 4 |
| Overview | 5 |
| A word from Wilson Sonsini | 9 |
| Representation at the GP level | 11 |
| Industry trends | 12 |
| Regional breakdown | 14 |
| A word from Fidelity Private Shares | 15 |
| Angel investment | 17 |
| Unicorns | 18 |
| The exit scene | 20 |
| A word from Flourish Ventures | 21 |
| Key takeaways | 24 |
| Methodology | 25 |
