No, you can still not conclude that. There are still many many differences to take into account. What sort of businesses do these women start? Do they need less money for that? Are those industries less attractive to VCs (for example because they are not growth-markets)? Do women maybe prefer to raise less money so they get to keep more equity?

> "6% get 1.3% => 5x too little. I think we can cry a little."

Surely there's more to it than just percentages and genders?

First, how many companies are we actually talking about here? The Nordics are a smaller market - I don't expect it to be in the orders of thousands of companies - maybe several tens or several hundreds, at most. We shouldn't extrapolate if the sampling group is small.

Then, what about the other factors associated with investments? How are the investments spread across different sectors and industries? Locations? Growth prospects? Revenue/Operating Costs?

It's a very shallow comparison otherwise, without this data.