study conducted by CrunchBase has found that only 17% of startups receiving their initial round of venture funding in 2017 had at least one woman as a founder.

What’s more, that percentage has stayed static since 2012, having risen steadily in the three years before that.

In 2017, all-women teams accounted for 3% of all VC funding – around $3.8bn – while men-only teams accounted for 86% of it, and mixed teams 11%.

CrunchBase has also run the numbers on seed funding for earlier-stage startups in 2017. All-women founding teams accounted for 6% of total seed funding last year: $277m. Meanwhile, founding teams consisting entirely of men accounted for 83% of seed dollars in 2017, with mixed co-founding teams accounting for the other 11%.

“At the seed stage, women-only teams raise on average $82 for every $100 a male-founded team raises. For early-stage venture, women fared worse, with an average $77 for every $100 a male-founded team raised since 2010,” it reported, while offering a hopeful note for the future that 2017 was “a year in which the celebration of frat-boy culture in tech is hopefully on its way out”.

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