March 26, 2024 6:04 AM
-
newsletter@email.crunchbase.com
Women hold bigger share of board seats
Crunchbase Daily newsletter discusses the increase in women board seats, the secondary market momentum, FundGuard's Series C funding, and Felicis's AI investment focus.
Plus, is the secondary market rebounding? March 26, 2024 Hi, Tim . Women still hold less than a fifth of board seats at the most heavily funded private companies. However, their share is on the rise. A 2023 study finds that women now hold 17% of boa
March 26, 2024 6:04 AM
-
newsletter@email.crunchbase.com
Women hold bigger share of board seats
Crunchbase Daily newsletter discusses the increase in women board seats, the secondary market momentum, FundGuard's Series C funding, and Felicis's AI investment focus.
Plus, is the secondary market rebounding? March 26, 2024 Hi, Tim . Women still hold less than a fifth of board seats at the most heavily funded private companies. However, their share is on the rise. A 2023 study finds that women now hold 17% of boa
<html><head>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8"><meta content="http://static.crunchbase.com/daily/assets/cb-fb-share_v2.png"><meta content="image/png"><meta content="300"><meta content="300"><meta content="Crunchbase Daily"><meta content="The Crunchbase Daily is everything you'll need to start your day! Sign-up now."><meta content="2024-03-25T21:42:04Z"></head><body style="background:#eaeaea; margin:0; padding:0; width:100%!important"><div style="color:transparent; visibility:hidden; opacity:0; font-size:0px; border:0; max-height:1px; width:1px; margin:0px; padding:0px; border-width:0px!important; display:none!important; line-height:0px!important"><img border="0" width="1" height="1" src="http://sp.email.crunchbase.com/q/tq1o_T2f9id7V_4Z381vbA~~/AARGbAA~/RgRn5UzHPVcDc3BjQgpl_MfHAmZRnS9bUhVlbXVsaXN0MDFAb3V0bG9vay5jb21YBAAAADs~" alt=""></div><span style="color:transparent; visibility:hidden; display:none; opacity:0; height:0; width:0; font-size:0">Plus, is the secondary market rebounding?</span><img src="http://links.email.crunchbase.com/e/eo?_t=071ea1d6efd844c0a60f7d7dc2214a93&_m=49e878a5fb754ae7b60e7f56ba80fb40&_e=MwMiNCYLaDFUVDzE60WJD00BV62SPiBZXaXzhq1Ufwx-VFUDheQaJsd0kyXQsDMs_HHrwllwkvqmxGw9puDgJDWtyx7M1fRDhOyN_k2E8PJsOEmAhXZcAQzAidDeQxKEZC6_gHqMA7BuBkl3bM6heA%3D%3D" width="1" height="1" style="border:0; width:1px; height:1px; border-width:0px!important; display:none!important; line-height:0!important"> <table cellpadding="0" cellspacing="0" style="background:#eaeaea; border:0; color:#333; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif; margin:0; padding:0; width:100%!important"><tbody><tr><td align="center" valign="top"><table cellpadding="0" cellspacing="0" style="border:0; padding:25px 0; width:522px"><tbody><tr><td><a href="#" style="display:block; padding:0 0 0 1px"><img height="23" src="http://static.crunchbase.com/daily/assets/cb-daily-header-logo-v5.png" width="176"> </a></td></tr><tr><td><img alt="" height="10" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:10px; margin:0; padding:0; width:520px"></td></tr><tr><td><table cellpadding="0" cellspacing="0" style="background:#0288d1; border:1px solid #00559d; color:#fff; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif"><tbody><tr><td><h3 style="color:#fff; font-size:15px; font-weight:bold; line-height:21px; margin:0; padding:5px 10px; width:400px">March 26, 2024</h3></td><td style="padding:5px 10px; width:400px"></td><td style="padding:5px 10px; width:400px"></td><td style="padding:5px 10px; width:400px"></td></tr></tbody></table></td></tr><tr><td style="background:#fff; color:#333; border:1px solid #cdcdcd; border-top:0; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif; font-size:14px; line-height:19px; padding:15px 20px 20px"><p style="margin:0 0 15px 0">Hi, Tim . Women still hold less than a fifth of board seats at the most heavily funded private companies. However, their share is on the rise. A <a href="#" style="color:#0288d1; text-decoration:none">2023 study</a> finds that women now hold 17% of board seats — up from 7% in the inaugural 2019 report produced as a collaboration between <a href="#" style="color:#0288d1; text-decoration:none">Him For Her</a> and <a href="#" style="color:#0288d1; text-decoration:none">Crunchbase</a>. For more detail, check out the <a href="#" style="color:#0288d1; text-decoration:none">summary of key findings</a>. Plus, the <a href="#" style="color:#0288d1; text-decoration:none">secondary market shows a rebound</a> and <a href="#" style="color:#0288d1; text-decoration:none">an AI accounting startup lands $100 million</a>.</p><h2 id="womens-share-of-board-seats-riseshttpsnewscrunchbasecomdiversity2023-gender-study-private-boards-him-for-her" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">♀️ <a href="#" style="color:#0288d1; text-decoration:none">Women’s share of board seats rises</a></h2><p style="margin:0 0 15px 0">Women now hold around 17% of board seats at the 735 most heavily funded U.S. private companies, according to the fifth consecutive annual report from <a href="#" style="color:#0288d1; text-decoration:none">Him For Her</a> and <a href="#" style="color:#0288d1; text-decoration:none">Crunchbase</a>. Overall, women’s share of board seats at top private companies has more than doubled in five years. Among industries, life sciences has the highest percentage of female directors, while tech lagged.</p><h2 id="secondary-market-showing-momentumhttpsnewscrunchbasecomliquiditysecondary-market-rebounds-stripe" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">💰 <a href="#" style="color:#0288d1; text-decoration:none">Secondary market showing momentum</a></h2><p style="margin:0 0 15px 0">The startup secondary market — where stakeholders can sell private company shares — slowed quite a bit during the market downturn that began in 2022. However, insiders say activity has picked back up in the past four to six months, mainly as valuations have come down.</p><h2 id="fundguard-locks-up-100m-series-chttpsnewscrunchbasecomaiaccounting-startup-fundguard-venture-investment" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🧮 <a href="#" style="color:#0288d1; text-decoration:none">FundGuard locks up $100M Series C</a></h2><p style="margin:0 0 15px 0"><a href="#" style="color:#0288d1; text-decoration:none">FundGuard</a>, an AI-powered investment accounting platform for asset managers, raised a fresh $100 million round led by <a href="#" style="color:#0288d1; text-decoration:none">Key1 Capital</a> and new investors including <a href="#" style="color:#0288d1; text-decoration:none">Euclidean Capital</a> and funds managed by <a href="#" style="color:#0288d1; text-decoration:none">Hamilton Lane</a>. The financing reportedly sets a $400 million valuation for the New York-based company.</p><h2 id="where-felicis-is-making-its-ai-betshttpsnewscrunchbasecomaifelicis-ai-investments-sundeep-peechu" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🤖 <a href="#" style="color:#0288d1; text-decoration:none">Where Felicis is making its AI bets</a></h2><p style="margin:0 0 15px 0"><a href="#" style="color:#0288d1; text-decoration:none">Felicis</a> was one of a clutch of seed funds founded in the mid-2000s to write smaller checks to new startups. Two decades later, the firm is also pulling from deeper pockets to fund later-stage rounds, including for the next generation of artificial intelligence companies. We recently spoke with general partner <a href="#" style="color:#0288d1; text-decoration:none">Sundeep Peechu</a> about where the firm is investing in AI these days.</p><p style="margin:0 0 15px 0">Related Crunchbase Pro list: <a href="#" style="color:#0288d1; text-decoration:none">Felicis AI Investment Portfolio</a></p><h2 id="now-is-the-time-for-tech-to-rebuild-trusthttpsnewscrunchbasecomsales-marketingtech-sector-brands-rebuilding-trust-paras-gravitate" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🤗 <a href="#" style="color:#0288d1; text-decoration:none">Now is the time for tech to rebuild trust</a></h2><p style="margin:0 0 15px 0">We’re not even through Q1, and it’s already been a bumpy 2024 for the tech sector. Well over <a href="#" style="color:#0288d1; text-decoration:none">30,000 tech workers have been laid off</a> in the U.S. alone this year, adding to the nearly 200,000 in 2023, and the majority of Americans believe that Big Tech has “too much power.” Amid all the negativity surrounding the industry, PR pro <a href="#" style="color:#0288d1; text-decoration:none">Lisette Paras</a> offers some advice for startups that want to rebuild their and the industry’s public image.</p></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td><img height="0" src="https://ssl.google-analytics.com/collect?v=1&tid=UA-68916521-1&cid=194&t=event&ec=native_ads&ea=pageview&el=cb_daily_chrome_extension_Q1_2022 " width="0"><table style="padding:0; margin:0; border:0"><tbody><tr><td style="background:#fff; color:#333; border:1px solid #cdcdcd; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif; font-size:14px; line-height:19px; padding:15px 20px 15px"><h2 style="color:#333; margin:0 0 5px 0; font-size:14px"><b data-stringify-type="bold"><strong>Get more with Crunchbase Enterprise</strong></b></h2>Find out more about Crunchbase’s prospecting software that enables your entire team to find the right companies, identify the right people, and connect with the decision-makers who can move deals forward – all in one solution. <div align="left" style="padding:10px 0 0 0"><a href="#" style="background-color:#f5a623; border-radius:4px; color:#183444; display:inline-block; font-family:sans-serif; font-size:13px; font-weight:bold; line-height:40px; text-align:center; text-decoration:none; width:200px"><img alt="" src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/071ea1d6efd844c0a60f7d7dc2214a93/One%20Off/pro_lightning-navy.png" style="padding:5px; width:10px; vertical-align:middle"> BOOK A MEETING NOW</a></div></td></tr><tr></tr></tbody></table></td></tr><tr><td></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td><h3 style="background:#0288d1; border:1px solid #00559d; color:#ffffff; font-size:15px; font-weight:bold; line-height:21px; margin:0; padding:5px 10px">Recent Investments</h3></td></tr><tr><td style="background:#fff; border:1px solid #cdcdcd; border-top:0; color:#333; font-size:14px; padding:15px 20px 20px"><table><tbody><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/hsxl5prkch6d2ja3ud7h" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">Eastman Chemical Company</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">$375M</a> / <a href="#" style="color:#0288d1; text-decoration:none">Grant</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">Eastman is a global specialty chemicals company that produces a range of advanced materials and chemicals.</td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Categories:</p><p style="color:#666; margin:0 0 0 85px">Advanced Materials • Chemical • Health Care • Manufacturing</p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0 20px"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Investors:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">US Department of Energy</a> (Lead)</p></td></tr><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/nmzvl1ss4kmr05qmoe8y" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">FundGuard</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">$100M</a> / <a href="#" style="color:#0288d1; text-decoration:none">Series C</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">FundGuard is an artificial intelligence-powered and cloud native investment accounting operating system.</td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Categories:</p><p style="color:#666; margin:0 0 0 85px">Artificial Intelligence (AI) • Finance • Financial Services • FinTech</p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Founders:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Lior Yogev</a>, <a href="#" style="color:#0288d1; text-decoration:none">Uri Katz</a>, <a href="#" style="color:#0288d1; text-decoration:none">Yaniv Zecharya</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0 20px"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Investors:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Euclidean Capital</a> (Lead), <a href="#" style="color:#0288d1; text-decoration:none">Hamilton Lane</a> (Lead), <a href="#" style="color:#0288d1; text-decoration:none">Key 1 Capital</a> (Lead) <a href="#" style="color:#0288d1; text-decoration:none">+ 2 more</a></p></td></tr><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/bsobzz3idklmf1jfick9" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">Finite State</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">$20M</a> / <a href="#" style="color:#0288d1; text-decoration:none">Venture Round</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">Finite State is a cybersecurity company that specializes in providing software risk management solutions.</td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Categories:</p><p style="color:#666; margin:0 0 0 85px">Cyber Security • Internet of Things • Risk Management • Security • Supply Chain Management</p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Founders:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">David Harvilicz</a>, <a href="#" style="color:#0288d1; text-decoration:none">Matt Wyckhouse</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0 20px"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Investors:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Energy Impact Partners</a> (Lead)</p></td></tr></tbody></table><h4 style="font-size:15px; font-weight:bold; margin:0; padding:20px 1px 10px">More Fundings</h4><table cellpadding="0" cellspacing="0" style="border-collapse:collapse; font-size:13px; width:100%"><thead><tr><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Company</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Amount / Round</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Lead Investor</th></tr></thead><tbody><tr><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Sovos</a></td><td style="border:1px solid #bbb; padding:7px">$14M / <a href="#" style="color:#0288d1; text-decoration:none">Venture Round</a></td><td style="border:1px solid #bbb; padding:7px">-</td></tr><tr style="background:#f6f6f6"><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Delos</a></td><td style="border:1px solid #bbb; padding:7px">$3.2M / <a href="#" style="color:#0288d1; text-decoration:none">Debt Financing</a></td><td style="border:1px solid #bbb; padding:7px">-</td></tr><tr><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">SALT</a></td><td style="border:1px solid #bbb; padding:7px">$100K / <a href="#" style="color:#0288d1; text-decoration:none">Venture Round</a></td><td style="border:1px solid #bbb; padding:7px">-</td></tr></tbody><tfoot><tr><td colspan="5" style="border:1px solid #bbb; padding:7px; text-align:center"><a href="#" rel="noopener" target="_blank" style="color:#0288d1; text-decoration:none">All Recent Funding Activity</a></td></tr></tfoot></table></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td><h3 style="background:#0288d1; border:1px solid #00559d; color:#ffffff; font-size:15px; font-weight:bold; line-height:21px; margin:0; padding:5px 10px">Recent Acquisitions</h3></td></tr><tr><td style="background:#fff; border:1px solid #cdcdcd; border-top:0; color:#333; font-size:14px; padding:15px 20px 20px"><table><tbody><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/z1q3xi9ngwijco69jszg" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">Swiftnet</a></p><p style="font-size:15px; margin:0; padding:5px 0 0">Pending acquisition by <a href="#" style="color:#0288d1; text-decoration:none">Actis</a> for <span style="color:#333; font-weight:bold">6.8B ZAR</span></p></td></tr></tbody></table><h4 style="font-size:15px; font-weight:bold; margin:0; padding:20px 1px 10px">More Acquisitions</h4><table cellpadding="0" cellspacing="0" style="border-collapse:collapse; font-size:13px; width:100%"><thead><tr><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Company</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Acquired By</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Amount</th></tr></thead><tbody><tr><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">TAK Communications</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Platinum Equity</a></td><td style="border:1px solid #bbb; padding:7px">Unknown</td></tr></tbody><tfoot><tr><td colspan="5" style="border:1px solid #bbb; padding:7px; text-align:center"><a href="#" rel="noopener" target="_blank" style="color:#0288d1; text-decoration:none">All Recent Acquisition Activity</a></td></tr></tfoot></table></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td style="color:#333; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif; font-size:13px; line-height:19px; padding:0 0 0 1px"><a href="#" style="display:block"><img src="http://static.crunchbase.com/daily/assets/cb-logo-footer-on-dark_v3.png"> </a><p style="margin:0; padding:5px 0 0">Discover innovative companies and the people behind them.</p><table cellpadding="0" cellspacing="0" style="border:0; padding:15px 0"><tbody><tr><td style="padding:0 10px 0 0"><a href="#" rel="noopener" target="_blank"><img alt="Follow Us on Crunchbase" height="20" src="http://static.crunchbase.com/daily/assets/cb_icon_v2.png" width="20"> </a></td><td style="padding:0 10px 0 0"><a href="#" rel="noopener" target="_blank"><img alt="View Jobs on LinkedIn" height="20" src="http://static.crunchbase.com/daily/assets/cb-daily-linkedin-large-color.png" width="20"> </a></td><td style="padding:0 10px 0 0"><a href="#" rel="noopener" target="_blank"><img alt="Follow Us on Twitter" height="20" src="http://static.crunchbase.com/daily/assets/cb-daily-share-twitter-color.png" width="20"> </a></td><td><a href="#" rel="noopener" target="_blank"><img alt="Like Us on Facebook" height="20" src="http://static.crunchbase.com/daily/assets/cb-daily-facebook-large-color.png" width="20"> </a></td></tr></tbody></table><p style="margin:0">564 Market St, San Francisco, CA 94104 <br>© 2024 Crunchbase Inc. All rights reserved. <a href="#" style="color:#0288d1; text-decoration:none">Privacy Policy</a> | <a href="#" style="color:#0288d1; text-decoration:none">Terms of Service</a></p><p style="font-size:11px; margin:0; padding:10px 0 0"><a href="#" style="color:#0288d1; text-decoration:none">Unsubscribe</a> from Crunchbase Daily.</p></td></tr></tbody></table></td></tr></tbody></table><img border="0" width="1" height="1" alt="" src="http://sp.email.crunchbase.com/q/LKvTud9I2Z9jA0QZmMKaWQ~~/AARGbAA~/RgRn5UzHPlcDc3BjQgpl_MfHAmZRnS9bUhVlbXVsaXN0MDFAb3V0bG9vay5jb21YBAAAADs~"> </body></html>
Try
Similar Emails
Who What Wear
It's going to be the summer of cool-girl elegance—29 pieces destined to sell out
Content Sharing
Other
National Geographic
Our Top 10: Corpse flowers; a supersized shark mystery; Brad Pitt's face problem; why voices change with age
Content Sharing
Books & Publishing
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Save to Board
This is some text inside of a div block.
This is some text inside of a div block.
1 selected
DoneYou have reached your plans limit
To create or access more boards you need to upgrade.
