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Vol. 8 · WEDNESDAY, OCTOBER 28, 2026Contribute
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The Tracker · 7 min

Women Founders in 2026: The Raises, Exits and CEO Handoffs

Two dozen founders, one year. What they raised, what they sold, who stepped back from the CEO job, and what the founders kept.

— By Total GirlBoss · —

This is our record of a year in the companies women built. Every row below comes from a founder profile on this site, and every figure in those profiles is sourced to a filing, a company announcement or a named outlet. It isn’t a census of women-founded companies. It covers the founders we chose to write about, and that limit matters for how you read the totals.

Here’s what the numbers say, as of October 28, 2026.

  • Nine disclosed funding rounds add up to $628.2 million. The median round is $38 million.
  • October was the busiest month by far. Seven of the nine rounds, worth $533.2 million or 85% of the total, were announced between October 7 and October 21.
  • Two IPOs and three priced sales put values on women-founded companies ranging from $16 million to about $886 million. A fourth sale, Sanctuary’s, was not priced.
  • Three founders handed over the CEO job, and one co-founder, Ann Rodríguez, moved to the buying side with a 42% stake in a European football club.

How we built this

  1. We took every founder profile on Total GirlBoss with a dated 2026 event: a funding round, an IPO, a sale or purchase, or a change of CEO.
  2. We used the figure each profile cites, from its source. Where a source gave a range or an estimate, we say so.
  3. For IPOs we use the valuation at the offer price. For sales we use the price paid. Where a figure was not disclosed, the event appears in the table but not in the charts.
  4. Totals, medians and shares are our own arithmetic on those figures.

We’ll update this page as we publish new profiles. If a company you think belongs here is missing, it’s because we haven’t profiled it yet, not because nothing happened.

The 2026 funding rounds

2026 rounds raised by founders we profiledNine disclosed 2026 funding rounds at companies founded or co-founded by women we profiled: Pigment 250 million dollars, Salience Labs 125 million, Abby Care 82 million, Lassie 75 million, Healthleap 38 million, Allara 30 million, Board 20 million, Marklo 5 million and Collective X Health 3.2 million. Seven of the nine were announced in October.Pigment (Eléonore Crespo), Oct.$250MSalience Labs (Vaysh Kewada), Oct.$125MAbby Care (Havi Nguyen), Oct.$82MLassie (Hedda Båverud Olsson), Feb.$75MHealthleap (Jemima Meyer), Oct.$38MAllara (Rachel Blank), Oct.$30MBoard (Brynn Putnam), June$20MMarklo (Jessica Herrin), Oct.$5MCollective X Health (Stacy Sims), Oct.$3.2M
2026 rounds raised by founders we profiled. Magenta bars are rounds announced in October 2026. Each figure is sourced in the linked profile. Just Women’s Sports’ 2026 round was undisclosed and is left out.
FounderCompanyRoundAmountAnnounced
Eléonore CrespoPigmentSeries E, at a $2.3B valuation$250MOct. 21
Vaysh KewadaSalience LabsSeries B$125MOct. 14
Havi NguyenAbby CareSeries C$82MOct. 15
Hedda Båverud OlssonLassieSeries C$75MFebruary
Jemima MeyerHealthleapSeed and Series A$38MOct. 7
Rachel BlankAllaraVenture round$30MOct. 13
Brynn PutnamBoardSeries A$20MJune
Jessica HerrinMarkloSeed$5MOct. 14
Dr. Stacy SimsCollective X HealthPre-seed$3.2MOct. 13
Haley RosenJust Women’s SportsVenture roundSeven figures, undisclosed2026

Two patterns stand out. Health is the biggest category. Four of the nine disclosed rounds, Abby Care, Healthleap, Allara and Collective X Health, are health companies, and together they raised $153.2 million. The biggest checks went to software and hardware for AI: Pigment’s planning software and Salience Labs’ optical switches account for $375 million, 60% of the total.

Only one of these rounds came with a valuation in the sources we cite: Pigment’s, at $2.3 billion. Forbes separately estimated Abby Care at $225 million in July, before its Series C.

The 2026 listings and sales

What women-founded companies were valued at in their 2026 dealsValuation or price in five 2026 listings and sales: Reformation about 886 million dollars at IPO, Purely Elizabeth an estimated 850 million to Ferrero, Once Upon a Farm about 724 million at its IPO price, Eventbrite about 500 million to Bending Spoons, and Nasty Gal 16 million to WSG Brands.Reformation IPO (Yael Aflalo), Julyabout $886MPurely Elizabeth sale (Elizabeth Stein), Aug.est. $850MOnce Upon a Farm IPO (Cassandra Curtis), Feb.about $724MEventbrite sale (Julia Hartz), closed Mar.about $500MNasty Gal sale (Sophia Amoruso), Sept.$16M
What women-founded companies were valued at in their 2026 deals. IPO figures are the valuation at the offer price; sale figures are the price paid. Purely Elizabeth’s price is an estimate reported by Forbes and Inc. Eventbrite’s sale was agreed in December 2025 and closed in March 2026. Sanctuary’s October sale was not priced and is left out. Each figure is sourced in the linked profile.
FounderCompanyEventPrice or valuationWhen
Cassandra CurtisOnce Upon a FarmNYSE IPO at $18 a shareAbout $724M at the offer priceFeb. 6
Julia HartzEventbriteSale to Bending Spoons closedAbout $500M ($4.50 a share)Mar. 10
Yael AflaloReformationNYSE IPO at $15 a shareAbout $886MJuly 30
Elizabeth SteinPurely ElizabethAgreed sale to FerreroEstimated $850MAugust
Sophia AmorusoNasty GalSold by Debenhams Group to WSG Brands£12M (about $16M)September
Debra PolancoSanctuarySold by its founders to WSG BrandsNot disclosedOct. 23

Both IPOs priced at or near the low end. Reformation sold at the bottom of its $15 to $17 range, below the roughly $1 billion the company floated at the start of its roadshow. Eventbrite, which listed at $23 a share in 2018, sold for $4.50. At the other extreme, Nasty Gal’s founder had no part in its sale at all; the brand changed hands for less than Boohoo paid for it out of bankruptcy in 2017.

The deal flow ran the other way too. Heather Whaling’s Geben Communication bought two agencies in 2026, TorchLight Marketing in January and LBR/PR in July, without outside investment. Just Women’s Sports bought Victra Sports in October. Paige Spiranac took an equity stake in golf media company Pro Shop in February as part of a joint venture built around her. And Ann Rodríguez’s Pitchwise Holdings agreed to buy 42% of Valencia CF at a €1.25 billion enterprise value.

What the founders kept

Ownership is the question readers ask us most, and the filings answer it more often than you’d think.

FounderCompanyFounder’s stakeSource
Yael AflaloReformationAbout 20%, via her family trust, after the IPOThe Industry; Bloomberg via FashionNetwork
Joanna GriffithsKnix20%, kept when Essity bought 80% in 2022Fortune; Retail Dive
Cassandra CurtisOnce Upon a FarmAbout 1.4% after the IPOCompany S-1/A
Kayla RoweHer Fantasy BoxNo outside investors, per RoweAfroTech

For comparison, Once Upon a Farm’s celebrity co-founder Jennifer Garner held about 7.4% after its IPO, and its largest holder, venture investor CAVU, held 27.5%. The gap between the two Once Upon a Farm founders is the clearest example in our sample of how a decade of venture rounds reshapes a cap table. Kayla Rowe’s Her Fantasy Box is the opposite case: more than $100 million in company-reported sales and, by her account, no outside shareholders at all.

The CEO handoffs

FounderCompanyWhat changedWhen
Jennifer HymanRent the RunwayAnnounced she was stepping down as CEOMay 13
Joanna GriffithsKnixStepped down after 14 yearsJuly 10
Olamide OloweTopicalsHanded the CEO job to Sukiana ChancySept. 2

All three handoffs came at companies that had already changed shape: Rent the Runway after a debt-for-equity recapitalization in October 2025, Knix four years after its sale to Essity, and Topicals after what Olowe describes as 12x revenue growth in five years. Two earlier handoffs set up 2026 stories on this list. Eugenia Kuyda left the Replika CEO job in 2025 and opened Wabi to the public in October 2026. Yael Aflalo stepped back from Reformation’s CEO role in 2020 and still owned about a fifth of it at the IPO.

What to read into it

Three cautions before you quote these totals. The sample is small and chosen by us, so it says nothing about women founders as a whole. October’s surge partly reflects when we went looking. And several figures, Purely Elizabeth’s price above all, are estimates by the outlets we cite rather than disclosed numbers.

What the record does show is range. In the same year, a founder sold a granola brand for an estimated $850 million and stayed on as CEO, another watched her first company sell for $16 million without her, a physicist’s software company reached $2.3 billion, and a public health graduate built a nine-figure brand without investors. Those are the stories we’ll keep tracking.

Compiled from the linked Total GirlBoss profiles, each with its own sources. Totals, medians and percentages are our arithmetic. Last updated October 28, 2026.

Frequently asked questions

How much did women-founded companies on this list raise in 2026?

Nine disclosed rounds total $628.2 million, by our sum. The median round is $38 million. The largest was Pigment's $250 million Series E, co-founded by Eléonore Crespo, and the smallest was Collective X Health's $3.2 million pre-seed, co-founded by Dr. Stacy Sims. This covers only companies we profiled, not every woman-founded startup.

Which women-founded companies went public in 2026?

Among the founders we profile, Once Upon a Farm, co-founded by Cassandra Curtis, listed on the NYSE on February 6, 2026, and Reformation, founded by Yael Aflalo, listed on the NYSE on July 30, 2026.

Which women founders stepped down as CEO in 2026?

Jennifer Hyman of Rent the Runway announced she was stepping down on May 13, 2026. Joanna Griffiths left Knix on July 10, 2026. Olamide Olowe told Business of Fashion on September 2, 2026 that she was stepping down as Topicals CEO.

How much do founders keep after an exit or IPO?

It varies widely in our sample. Yael Aflalo's family trust was expected to keep about 20% of Reformation after its IPO, and Joanna Griffiths kept 20% of Knix after Essity bought 80% in 2022. Once Upon a Farm's filing put co-founder Jennifer Garner at about 7.4% and founder Cassandra Curtis at about 1.4% after its IPO.

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