Halogen Ventures closed a $30 million Fund III to invest in early-stage startups building in the “future of family,” as reported first by Fortune.
The firm was founded in 2015 by Jesse Draper, the daughter of famed venture capitalist Tim Draper. She explained to Fortune that the fund will focus on the physical and financial health of households.
Startups in the care economy have received more investor interest in the past few years after the pandemic, which exacerbated childcare and elderly care struggles. Other funds that work in this space include Pivotal Ventures and Magnify Ventures.
Halogen focuses on consumer companies that have at least one female founder. It has invested in companies such as Teal Health and Vibrant Planet, and last raised a $21 million Fund II in 2021 and a $10.41 million Fund I in 2018, per Pitchbook. Halogen did not immediately respond to our request for comment.
