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?

Then cry «investigate», at least. 5x is a fairly large X.

Doesn't mean anything though. I searched for picture of a "Basketball Team", and in the team in the first photo there are 7x as many black people as white. An infinite ratio of men to women too.

That isn't evidence of any sort of discrimination or prejudice. It is due to the rather difficult to dispute fact that for reasons uncertain black men seem to play better basketball. I don't even know anything about basketball I just picked a stereotype.

I'm all for investigations; but report back when there is evidence of a problem not evidence of a difference. Differences are routine.

> "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.