Fourteen out of 134 billion-dollar startups in the U.S. have at least one female founder, according to recent data from Pitchbook, a financial data company.
Of those 14 companies, 10 are based in San Francisco Bay Area.
Houzz, a home remodeling and design platform, has the highest valuation of any of the companies, at $4 billion. The husband-and-wife team of Alon Cohen and Adi Tatarko, both Israeli immigrants, founded the company in Palo Alto, California, in 2009.
The vast majority of venture capital flows to companies founded by men, with about 79 percent of VC investment in 2017 going to companies with only male founders, according to Pitchbook. Women are also substantially outnumbered at venture capital firms, where 11.3 percent of partners are female, Pitchbook reports.