What is Giving Compass?
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Giving Compass' Take:
• Andrea Oyuela highlights research findings that show women are receiving far less funding for agri-food tech than men.
• What is needed to close the funding gap? How can funders work to support women in this field?
• Learn how women farmers are changing the field.
Money Where Our Mouths Are (MWOMA), which is organized by AgFunder, The New Food Economy, and Karen Karp & Partners (KK&P), has published the first global dataset showing the funding inequalities for women in agri-food tech. A mere 7 percent of deals and 3 percent of investment dollars went toward female-founded start-ups between 2015–2018, according to their findings.
“We gather data because if you want to influence the finance sector, you need statistics…and show [investors] the numbers,” says Karen Karp, President and Founder of KK&P.
“The lever that needs to change is that more women become investors and decision-makers,” Karp tells Food Tank. “[Today], more than 82 percent of investment decision-makers are men.” According to Karp, placing women in decision-making roles across investment banking and venture capital organizations will, therefore, direct more funding to female founders and CEOs.
Read the full article about women in agri-food tech by Andrea Oyuela at Food Tank.