Presented by NiceTo, Techstars Tech Central Sydney Accelerator, and Overnight Success

We started publishing Funding the Balance breakdowns in the Overnight Success newsletter (read more about this initiative here) This is a status check of where we’re at by May 2024.

Review of published fundraising stories

Congratulations to all the founders who successfully raised and announced so far.

These are the cumulative stats for YTD May 2024, based on stories published about startup fundraises. The two stats in focus are

• Deals (#) and Capital ($) by Startup (men only, mixed gender, gender minority only)
• Gender split (#) and Capital ($) by Founder Demographics (men, gender minority)

Investor Leaderboard

Is our leaderboard not accurately representing your fund’s investment into teams with at least one gender minority founder? We would love to help you fix that problem by sharing more stories of gender minority founders and the funds who have supported them. Get in touch here.

The leaderboard as of May 2024 is as follows, it remains unchanged from the previous month, with Alice Anderson increasing its lead by one investment:

1. Alice Anderson, Launch Vic’s women-only fund has made four investments into teams with Gender Minority or Mixed Teams. Representing 100% of their portfolio investments announced this year. It must be noted that Alice Anderson have a mandate to invest in women-led ventures in Victoria.
2. GD1, A New Zealand based fund has made two investments into 1 Gender Minority team and 1 Mixed Team. Representing 100% of their portfolio investments announced this year.
3. Airtree and Square Peg share third spot having made two investments into Mixed Teams each. Representing 50% of their portfolio investments announced this year.

Startup Teams