03.1 We’ve Got a Problem The gender imbalance of the tech communities within different countries follows the European-wide picture, though there are leaders and laggards. The top 10 countries for female participation at tech-related Meetup events across the region is dominated by countries from Eastern Europe, though it should be noted that female participation in the Women are not equally present in tech communities in any number one country, Albania, only reaches 33%. European country Share of female attendees in tech-related Albania 33% Meetup events by country Lithuania 28% DATASET: TOP 10 COUNTRIES Romania 28% LEGEND Bulgaria 26% 2018 Latvia 26% Serbia 26% Bosnia and Herzegovina 25% Ukraine 25% Portugal 25% Sweden 25% 0 5 10 15 20 25 30 35 % of female attendees Note: % of the reported gender of attendees only. Only countries with 100+ reported female attendees included. Source: We found only 1 female CTO out of 175 CTOs that work at VC-backed We found only 1 female CTO out of 175 CTOs that work at VC-backed European tech companies that raised a Series A or Series B in the past year. European tech companies that raised a Series A or Series B in the past year Gender composition by job title for Chief Executive Officer 6% 94% Executive-level positions of selected European Series A and B venture-backed Chief Technology Officer 1% 99% companies Chief Operating Officer 11% 89% LEGEND Chief Financial Officer 20% 80% Female Male Chief Marketing Officer 21% 79% Chief Revenue Officer (or similar) 9% 91% Chief Product Officer 9% 91% CxO Other 19% 81% 0 20 40 60 80 100 % of Executives Note: Based on a sample of executives in CxO positions at 270 European VC-backed tech companies that raised a Series A or Source: B round between 1 October 2017 and 30 September 2018. The 'class of 2018' of VC-backed European tech companies The ‘class of 2018’ of VC-backed European tech companies shows no shows no improvement compared to similar analysis from improvement compared to similar analysis from 2017 2017. Share of women by position of senior leaders and founders of selected European Series A 9% 9% and B venture-backed companies (2018 versus 2017) LEGEND 6% 6% 6% 2017 5% 2018 2% 1% % of CEOs % of CTOs % of Founders % of all CxO leaders Note: Based on a sample of Founders and executives in CxO positions at 270 European VC-backed tech companies that Source: raised a Series A or B round between 1 October 2017 and 30 September 2018. 2017 data is based on a similar sample. & 28 In Partnership with www.thestateofeuropeantech.com