The UK Business Angels Association is extending its Women Backing Women campaign in an attempt to double the pool of women angel investors, from 5,000 to 10,000, and give female-founded businesses better access to early-stage capital.
This follows publication of the first Women Angel Insights report in conjunction with Beauhurst, which shows that over the last decade more than £2bn has been invested in over 4,000 UK companies through deals involving female angel investors.
Although there are currently more than 5,000 female angel investors in the UK, this is still only 14% of all angel investors (36,800). Moreover, less than 0.5% of female angels (157) have a portfolio of 10 or more investments.
The UKBAA claims that the shortage of women angels has a direct impact on female founders as women are more likely to invest in female-founded companies, which tend to be underfunded compared to male-founded counterparts.