Halogen Ventures has closed a $30 million Fund III to support early-stage startups shaping the “future of family,” as first reported by Fortune.
Founded in 2015 by Jesse Draper, daughter of renowned venture capitalist Tim Draper, the firm is dedicated to enhancing the physical and financial well-being of households.
## A Growing Focus on the Care Economy
Startups in the care economy have attracted increased investor interest in recent years, particularly after the challenges of childcare and elderly care were highlighted by the pandemic. Other funds in this sector include Pivotal Ventures and Magnify Ventures.
Halogen zeroes in on consumer companies with at least one female founder. Some of its investments include Teal Health and Vibrant Planet. The firm previously raised $21 million for Fund II in 2021 and $10.41 million for Fund I in 2018, according to PitchBook.
For further information, Halogen Ventures did not immediately respond to requests for comment.
