Halogen Ventures Closes $30M Fund III for 'Future of Family' Startups

Halogen Ventures Announces $30 Million Fund III for Family-Focused Startups

Halogen Ventures has successfully finalized its $30 million Fund III, dedicated to providing capital to early-stage companies innovating within the “future of family” sector. This information was initially reported by Fortune.

Fund Focus and Origins

Established in 2015 by Jesse Draper, the daughter of prominent venture capitalist Tim Draper, the firm’s investment strategy centers around enhancing the well-being of households. Draper communicated to Fortune that the fund’s primary objective is to support advancements in both the physical and financial health of families.

Growing Interest in the Care Economy

The care economy has witnessed a surge in investor attention in recent years, particularly following the onset of the pandemic. The pandemic highlighted and intensified existing challenges related to childcare and eldercare. Other investment firms active in this area include Pivotal Ventures and Magnify Ventures.

Halogen’s Investment Criteria

Halogen distinguishes itself by prioritizing consumer-facing companies that feature at least one female founder. The firm’s portfolio includes investments in companies like Teal Health and Vibrant Planet.

Previous Funding Rounds

According to PitchBook data, Halogen previously secured $21 million in its Fund II during 2021, and $10.41 million in its initial Fund I in 2018. A request for comment sent to Halogen Ventures has not yet received a response.

The increased funding demonstrates a growing recognition of the importance of supporting innovative solutions for modern families.