#GAReads | Nearly 50% Of Venture-Backed Healthcare Companies Have No Women On The Board, New Report Shows
photo credit: National Cancer Institute, via Unsplash
“Nearly 50% Of Venture-Backed Healthcare Companies Have No Women On The Board, New Report Shows”:
Women make the majority of healthcare decisions, represent three-quarters of the healthcare workforce, and account for more than 50% of medical students. But there’s one part of healthcare where women are decidedly underrepresented: venture capital-backed companies and the investors who fund them.
A new report, released today from Deerfield Management, quantifies the severity of gender disparity among healthcare investors and their portfolio companies.
Of 140 private venture-backed healthcare companies which have raised at least $25 million, nearly half (48.5%) have no women on their boards of directors. Overall, only about one in ten (13%) board seats are held by women. In firms with at least one female board member, women hold 20% of board seats.