new report
Venturing into Diversity & Inclusion 2019
Venturing into Diversity & Inclusion 2019
Addressing the diversity deficit in VC

Over the last 3 years, we have published quantitative studies highlighting the lack of diversity in our industry such as ‘Women in UK Venture Capital 2017’ and ‘Diversity in UK Venture 2019’, alongside recommendations found in our Toolkit and the ‘Atomico and Diversity VC Entrepreneurs Guide to Diversity and Inclusion’. We have received remarkable support and thank everyone that has helped in our mission.

This study was an opportunity to understand the practical steps Venture Funds in London could take to promote Diversity and Inclusion in their portfolio companies, dealflow and internally. We have learned a tremendous amount from this study. Speaking to Venture Funds across London provided a clearer backdrop for our thinking to produce actionable and more practical recommendations. It is clear that whilst funds now understand that this is important, many do not know where to start. This report, in partnership with OneTech, aims to prioritise the key actions so our industry can step forward today.

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Key Recommendations

Appoint a Diversity & Inclusion champion.

Review HR policies including parental leave.

Foster a culture of inclusion for diverse talent.

Broaden sources of dealfow beyond traditional channels.

Guide portfolio companies on building an inclusive culture.

Key Statistics

%

of the funds we surveyed did not have a D&I champion in their funds

%

of the professionals we spoke to believed they had no recruiting policies in place to promote diversity

%

43% of funds we spoke to did not have flexible working policies in place

%

of the funds we surveyed did not have accessible offices to wheelchair users

%

of the funds we surveyed did not have a lactation room for new mothers

%

None of the funds we surveyed had prayer room facilities

Source: Diversity VC Benchmarking study, 2019

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Venturing into Diversity & Inclusion 2019

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