Recent research from the British Business Bank found there has been no improvement in the value of investment deals to all-female founder teams over the past decade. While the Small Business Equity Tracker 2023 found that 27% of deals went to teams with at least one female founder, the highest proportion ever, all-female teams accounted for 9% of deals in 2022 but only received 2% of funding, which reflects no improvement since 2011.