News
Lack of female decision-makers the largest barrier to funding, says survey
Over 95 per cent of respondents acknowledged a fundamental difference in how investors treat male and female founders

The lack of female decision-makers is the largest barrier to closing the gender funding gap, a new survey has found.
Pink Salt Ventures, the UK’s first venture capital firm for female founders, has published the results of its most recent survey, revealing startling new data and attitudes about how male and female founders are treated by investors – and the consequences.
The survey of 90 female founders, was conducted in partnership with Dr Dana Kanze, an expert on gender bias in venture capital and Pink Salt Ventures’ advisor.
The findings showed 97 per cent of respondents acknowledged a fundamental difference in how investors treat male and female founders, with 83 per cent citing the lack of female decision-makers as the largest barrier to funding.
Additionally, the report revealed 76 per cent of participants believed there is a lack of awareness of what a VC-backable business is. The findings, and the actions required, were echoed by leading female and male entrepreneurs.
“Our survey’s results are clear: a fundamental gender funding gap exists, which is to the detriment of female founders looking to scale their firms,” said Samira Ann Qassim, co-founder and partner at Pink Salt Ventures.
“This is a wake-up call for investors to take action to ensure female founders have the same opportunities as males.”
Saloni Bhojwani, co-founder and partner at Pink Salt Ventures, said there is a huge opportunity to drive growth in the industry by backing underfunded talent.
“Generationally speaking, the pipeline of female entrepreneurial talent only continues to grow, and our research shows what the ecosystem needs and is asking for: more dedicated capital, networks and access to scale their companies.”
Dr Dana Kanze, associate professor of organisational behaviour at London Business School, said: “These rich insights show the urgent need for investor-side, rather than founder-side, reform.
“Female founders are clamouring for this, and are badly in need of VC funds allowing for cold introductions, plus access to non-financial resources and specific guidance at a time when they are too early for consideration.
“Until female founders receive the funds they need at the valuations they deserve, they won’t participate in the liquidity events that can enable them to become serial entrepreneurs and investors themselves.”
The survey complements conclusions recently reached by the Harvard Business Review that female founders are two times less likely to secure post-seed funding than males and data from Pitchbook suggesting female founders raise less capital at lower valuations and exit their businesses quicker, proving they can do as much as their male peers with less.
Figures like Tamara Hill-Norton, founder of Sweaty Betty, said LPs can get more female founders funded by having a gender focus in their investments.
“I invested in Pink Salt Ventures because it is the first and only fund I know of in the UK – to have that gender lens focus – solely on female-led businesses,” she added.
Irish businessman Bryan Meehan, executive chairman at Blue Bottle Coffee and an LP in Pink Salt Ventures, said: “It is time the global VC industry wakes up to its inherent blind spot in funding females and people of colour.”
Diagnosis
New test could cut need for invasive womb cancer checks

A urine and vaginal fluid test could help rule out womb cancer in women with postmenopausal bleeding, potentially reducing invasive checks.
In a study of 1,864 women with postmenopausal bleeding, the test identified 80 of 99 womb cancers and correctly gave a negative result for 93 per cent of women without the disease.
Researchers said the test was not accurate enough to rule out cancer on its own, but could help fast-track women at the highest risk for urgent investigation while reducing immediate invasive testing for those at lower risk.
Professor Emma Davidson, of the University of Manchester and Manchester University NHS Foundation Trust, said: “Bleeding after the menopause is understandably alarming for women because it can be a sign of cancer, but the vast majority of those investigated will not have the disease.
“At the moment, many women face invasive, uncomfortable tests that can be stressful as well as costly for health services before cancer can be ruled out.
“Our study shows that a simple test using urine and vaginal samples could help identify the women most likely to have cancer while safely reassuring many others much earlier in the diagnostic pathway.
“If further studies confirm these findings in routine practice, this approach has the potential to transform care for thousands of women every year.”
Developed at the University of Manchester and Manchester University NHS Foundation Trust, the test examines cells collected from urine and vaginal fluid samples.
Postmenopausal bleeding currently triggers an urgent cancer referral, although only about 5 to 10 per cent of women who report it have an underlying cancer.
Current investigations include an internal ultrasound scan, a biopsy of the womb lining and hysteroscopy, in which a camera is passed into the womb.
Women taking part in the study attended seven hospitals in north-west England and provided urine and vaginal fluid samples before undergoing their routine tests.
Five per cent of participants, 99 of 1,864 women, were diagnosed with womb cancer through biopsy or surgery.
Cytologists assessed the samples without knowing the women’s diagnoses.
Researchers said the test could be used to triage women suspected of having womb cancer, with lower-risk patients monitored through repeat sampling or given a full assessment if symptoms continued.
They cautioned that the samples were assessed by highly trained specialist cytologists, so it is not yet known whether the same accuracy could be achieved in other settings.
The test has also not been studied in women without symptoms.
Motherhood
Trust apologises for ‘human error’ after maternity data loss

Nottingham University Hospitals NHS Trust has apologised after a human error caused 11 years of maternity data to be overwritten.
The incident happened during routine technical work on 18 August, when computer instructions intended to create a copy of a radiotherapy database were mistakenly applied to the maternity database.
Most of the affected information has since been recovered, including notes, observations, test results and other information recorded as part of patient care.
However, the trust has been unable to fully restore the historical record showing who viewed maternity records between September 2011 and November 2022.
Current data was not affected and the incident has had no impact on current maternity services or care provided to women and babies, according to the trust.
It also said no information was accessed or used inappropriately as a result of the incident.
Andy Callow, chief digital and information officer at Nottingham University Hospitals, said: “I am sorry for the concern and distress this incident may cause to women and families affected.
“On 18 August 2026, a human error during a routine technical process resulted in a maternity records database being unintentionally overwritten.
“We took immediate action to investigate the incident and recover the affected information.
“The information needed to support patient care has been restored and there has been no impact on current maternity services or the care provided to women and babies today.
“However, to date, we have been unable to fully restore the historical record showing who viewed maternity records between September 2011 and November 2022.
“We have informed the Information Commissioner’s Office, completed a full investigation and strengthened our processes and controls to help prevent a similar incident from happening again.”
The error occurred when pre-written computer instructions previously used for another hospital system were used during the technical work.
A setting that should have been changed was not altered, resulting in work being carried out on the maternity database instead of the radiotherapy database.
The issue was escalated within minutes of being identified and experts were brought in to recover as much information as possible.
The trust has referred the incident to the Information Commissioner’s Office and notified Nottinghamshire Police, which is conducting a separate criminal investigation into maternity care at the trust.
The force is assessing whether the loss of information about who accessed maternity records could affect that investigation.
The incident follows a maternity review led by midwife Donna Ockenden, which concluded in June after examining the cases of 2,500 families over a 20-year period.
The review found more than 500 mothers and babies suffered potentially avoidable harm, with 162 dying following substandard care. Some babies who survived were left seriously disabled.
Nottinghamshire Police announced its separate criminal investigation, Operation Perth, in September 2023.
Hormonal health
Mira launches at-home cortisol tracking kit

Mira has launched an at-home cortisol tracking kit that allows women to monitor stress-related patterns over time using urine samples.
The Cortisol Pattern Kit measures urinary free cortisol directly from a urine sample and displays results through the company’s existing monitor and app.
The system is intended for repeated testing rather than a single measurement, allowing users to compare results with a personal baseline built from their own data.
Mira said consistent daily testing can establish a baseline in about a week. It recommends testing in the morning and evening to see how cortisol patterns change throughout the day.
Cortisol is involved in the body’s stress response but is not a direct or complete measure of stress. The company said the kit is intended for general wellness use and is not designed to diagnose stress, an endocrine condition or any other medical condition.
The Cortisol Pattern Wands use the same lateral-flow testing format as Mira’s existing hormone tests. Users dip a wand into a urine sample, insert it into the Mira Monitor and view the result in the app within minutes.
The company said cortisol data can be viewed alongside cycle, hormone and daily routine information.
Sylvia Kang, founder and chief executive of Mira, said: “The Cortisol Pattern™ Kit gives women a new way to understand their stress patterns over time, in the context of their own biology.”
She added: “We built Mira to give women answers they had spent far too long searching for, beginning with the TTC journey and expanding into hormone and cycle tracking across life stages, including perimenopause. Now, we’re taking Mira beyond reproductive health and into everyday wellness, bringing personalised stress-pattern tracking directly into women’s homes.”
Mira said more than 350,000 women already use its platform to track their cycle and hormones.
Waitlist sign-ups for the Cortisol Pattern Kit and Cortisol Pattern Wands opened on 22 September, with wand refills available to pre-order in 20- and 30-count options.
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