For years, women-led venture capital funds were the true Silicon Valley unicorns, a rarity in a sector where the vast majority of check writers are men. That’s starting to change. Last year the number of U.S. funds raising money where most decision-makers are women rose to 52, from 29 in 2020, according to PitchBook data prepared for The Information. Those funds raised $3.7 billion, more than double the $1.8 billion in 2020.

So far this year, the fundraising pace has accelerated. Through mid-April, 16 new funds where at least 60% of the decision-makers are women have raised $4.5 billion, exceeding last year’s total.

This year’s jump is largely due to huge funds raised by Forerunner Ventures, founded by consumer tech investor Kirsten Green, and crypto-specialist Haun Ventures, founded by former Andreessen Horowitz partner Katie Haun. The funds, both announced in March, have raised a combined $2.5 billion, or more than all women-led funds raised in 2020.