Startup nation of women: The most valuable VC-backed company led by a woman in each state
September 24, 2019
With more than three months to go, 2019 is already turning out to be an inspirational year for women entrepreneurs working toward closing the gender gap in VC. As of the end of August, companies founded solely by women have garnered around $2.4 billion of VC dollars in the US in 2019, on pace to surpass last year's decade-high of $3 billion, according to the latest update from PitchBook's VC Female Founders Dashboard.
News out of the major metros, such as mega-rounds of New York-based companies Glossier and Rent the Runway and a unicorn IPO of Bay Area-based The RealReal, have grabbed their fair share of headlines. But even though these locations are home to the lion's share of VC activity, their success isn't the whole story. In much of the country, female entrepreneurs may face not only challenges specific to women, but also the added difficulties of fewer funding opportunities or the lack of an entrepreneurial ecosystem.
Still, women around the country are succeeding in their goals of building valuable companies. We've created a map showing the most valuable VC-backed company led by a female entrepreneur in each state and the District of Columbia, per PitchBook data. Hover over each state to see HQ location and funding information for its most valuable company, including the names of female founder(s) and/or CEO. When no valuation data was available for a state, we included the company with the most total VC funding.
The developer of a stem cell product platform designed to accelerate the regenerative medicine industry. The company's platform offers bone marrow and adipose-derived human mesenchymal stem cells that can modulate the immune system and inflammatory cascades, enabling patients to regenerate tissues and organs, as well as to suppress immune-related diseases.
Ownership Status: Privately Held (backing)
Financing Status: Venture Capital-Backed
CEO: Margot Connor
Primary Industry: Biotechnology
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