Treasury committee finds huge majority of venture capital funding goes to companies run by white men in south-east England
The venture capital industry has come under fire from MPs for its “unacceptable failure” to invest in businesses located outside London or south-east England, or those run by women and ethnic minorities.
Businesses founded exclusively by women were revealed to have received just 2% of all venture capital funding in 2022, while even less investment went to companies led by black or other minority ethnic executives.
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