The World Economic Forum is calling for more investment in women-led businesses, the Telegraph reports.
According to the Global Entrepreneurship Monitor, just 11% of venture capital deals in the US in 2015 went to women-founded companies, compared to 35% for all-male companies.
"The number of deals for women-founded teams over the last decade has grown more than twice as fast as deal volume for all-male-founded teams," the WEF says.
Experts say there are many reasons for the lack of investment in women-led businesses, including the fact that there are fewer women in business to begin with.
"There are fewer women who are in businesses to start with, resulting in few women receiving funding which requires a strategic approach to bridge the gap," says a British entrepreneurship professor.
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Nonprofit impact investing firm, Acumen, has invested $1.2 million to KZ Noir, a Rwanda-based coffee processing company owned by Kaizen Venture Partners. The investment will equip KZ Noir the funds for working capital, debt refinancing, and capacity expansion.