A venture capital firm has just raised a substantial amount of money to support new businesses. The firm is called Halogen Ventures. It was started by Jesse Draper. She is the daughter of a well-known investor, Tim Draper.

The new fund is called Fund III. It has $30 million. This money will be used to invest in early-stage startups. These startups are working on ideas related to the "future of family. " This includes things like physical and financial health of households.

The interest in startups focused on care has grown in recent years. This is because the pandemic made childcare and elderly care more challenging. Other funds are also working in this space. Examples include Pivotal Ventures and Magnify Ventures.

Halogen Ventures has a specific focus. It invests in consumer companies that have at least one female founder. Some of the companies it has invested in include Teal Health and Vibrant Planet. The firm previously raised a $21 million Fund II in 2021 and a $10. 41 million Fund I in 2018.

The firm did not immediately respond to requests for comment. This is a common practice in the venture capital world. It allows firms to focus on their work without constant media attention.

INVESTMENT FUNDS

Investing in Family's Tomorrow

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