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Our commitment to investing in women-led startups

In 2024, only 2% of VC funding in Australia went to solely women-founded businesses. As an industry, we need to do more to find, invest in and support incredible women building the next generation of great Australian companies.

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The Stats

Let's be honest

Recently, our friends at Giant Leap, Scale Investors and other great funds in the Australian ecosystem committed to putting their gender diversity stats front and centre in an effort to provide complete transparency around how their investments have been allocated. We feel it’s important to also hold ourselves accountable, and be open and honest about where and how we can improve, so we've joined Equity Clear.

  1. Investment benchmark data (avg. 2020–2024) from State of Australian Startup Funding (Cut Through Venture).
  2. We define women to include all women, regardless of the gender they were assigned at birth, and acknowledge that gender is a spectrum. Mixed teams include non-binary founders.
  3. Where possible, we want to ensure that gender data is self-reported. For this reason, we have added a field to our Pitch Form which requests (optional) gender identification.
  1. Investment team benchmark data has been taken from Snapshot of Gender Diversity in Private Capital (Australian Investment Council).
  2. Investment team (8) comprises 4 women: Sarah Morgan (Investment Committee Chair). Maxine Lee, Shahirah Gardner, Justine Lum, and 4 men: Rohan Workman, Anthony Glenning, James Crowe, and Sam Henderson.
Economic impact

It just makes sense

Research shows that women-led businesses generate 12% higher revenues annually, using an average of a third less capital than their male counterparts. If women and men participated equally as entrepreneurs, global GDP could increase by 6%, boosting the global economy by $5 trillion.

Lewi Software co-founders Geraldine Terada-Bellis and Vishnu Avudainayagam