Women entrepreneurs are less likely than men to seek out angel investors, even though the success rate among those that do is roughly the same, new research shows.

While only 8.9 percent of all proposals in the angel market are made by women business owners, they succeed in receiving angel capital at a rate of 13.33 percent, compared to 14.79 percent among men, according to researchers at the University of New Hampshire's Center for Venture Research.

Researchers also found that women entrepreneurs were more likely to approach women investors for capital. As such, their low participation rate may reflect the lack of women angel investors in the market, they said.

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