Investing in Family's Tomorrow
Halogen Ventures, a venture capital firm founded by Jesse Draper, has raised a substantial amount of money to support new businesses. Jesse Draper is the daughter of well-known investor Tim Draper.
Fund III: $30 Million for the Future of Family
The new fund, Fund III, has secured $30 million to invest in early-stage startups. These startups focus on the "future of family," including the physical and financial health of households.
Growing Interest in Care-Focused Startups
The interest in startups focused on care has grown significantly in recent years. The pandemic highlighted the challenges in childcare and elderly care, prompting more investment in this sector. Other funds, such as Pivotal Ventures and Magnify Ventures, are also active in this space.
Halogen Ventures' Unique Focus
Halogen Ventures has a specific focus: investing in consumer companies with at least one female founder. Some of the companies it has invested in include Teal Health and Vibrant Planet.
Previous Funds
- Fund II: $21 million (2021)
- Fund I: $10.41 million (2018)
No Immediate Comment
The firm did not immediately respond to requests for comment, a common practice in the venture capital world that allows firms to focus on their work without constant media attention.