Halogen Ventures, a pioneering venture capital firm focused on female-founded consumer technology startups, has successfully closed its third fund at $30 million. Founded in 2015 by Jesse Draper, the Los Angeles-based firm continues to champion diversity in the tech ecosystem by backing innovative companies led by women.
This latest fund, dubbed Fund III, will prioritize investments in sectors shaping the future of family, including family tech, childcare, education technology, and solutions addressing the physical and financial health of households. The firm aims to bridge the funding gap for female entrepreneurs, who historically receive a small fraction of venture capital.
Since its inception, Halogen Ventures has supported numerous groundbreaking startups, fostering innovation in consumer tech. With this new $30M fund, the firm plans to expand its portfolio, targeting early-stage companies with high growth potential and a strong female presence in leadership roles.
Jesse Draper, a fourth-generation venture capitalist, emphasized the importance of investing in women-led businesses to drive societal and economic impact. She noted that the fund’s focus on family-centric technologies reflects emerging market needs and the unique perspectives female founders bring to the table.
The announcement comes at a time when the venture capital landscape is slowly evolving to address gender disparities. Halogen Ventures remains a trailblazer in this space, inspiring other firms to prioritize diversity and inclusion in their investment strategies.
As Halogen Ventures deploys this latest capital, the tech industry watches closely, anticipating the next wave of innovative solutions from female-led startups that could redefine consumer experiences and family life.
Maria Lourdes
