Let's talk about money
How much money went to Utah startups in 2025 and who did it reach?
0.5%
of it reached a woman-founded team. Half a cent on the dollar.
3
companies had a woman on the founding team, out of 169 total funded startups.
1
startup had a woman as CEO.
1 out of 169 isn't a good look for Utah, but the story gets worse.
Faye raised $0 from Utah investors.
Every dollar of Faye's $2.5M came from out of state.
California
A concentrated firm founded in 2017, Unusual embeds a full-time operations team alongside its founders, from customer discovery through go-to-market. Faye's round was led by venture partner Sarah Leary.
New York
Founded by Courtney Leimkuhler, Elana Berkowitz, and Jen Lee Koss, Springbank backs the infrastructure of how we work, live, and care, and invests in world-class teams of all genders and backgrounds.
Utah
$0
This is what a structural gap looks like.