Diversity In U.K. Venture Capital Firms Remains Shockingly Low
U.K. venture capital firms aren't doing enough to diversify their workforces, according to a study sponsored by Silicon Valley Bank that was published on Thursday.
Authored by nonprofit campaign group Diversity VC, the study found that representation of women at the top of the U.K. VC industry has remained static since 2017, with just 13% of women in senior-level roles then as well as now.
Somewhat alarmingly, almost two thirds (63%) of U.K. venture capital firms have no senior women in their investment teams. There are approximately 170 VC funds in the U.K., and the largest funds are widely regarded as Index Ventures, Accel Partners, Balderton Capital, and Atomico.
The relatively new SoftBank Vision Fund is also headquartered in London. Diversity is an ongoing issue at all of these companies, but some are doing better than others, according to the report.