Halogen Ventures, the venture capital firm founded by Jesse Draper in 2015, has officially closed its third fund, securing $30 million dedicated to investing in startups shaping the “future of family.” Draper, daughter of renowned venture capitalist Tim Draper, described the fund’s objective as investing in businesses improving both the physical and financial well-being of households.
This latest funding round comes amid a growing investor interest in the “care economy,” driven partly by the widespread caregiving challenges highlighted during the pandemic—including issues surrounding childcare and elderly care. Other notable firms targeting this emerging market include Pivotal Ventures and Magnify Ventures.
From inception, Halogen Ventures has maintained a focus on consumer-oriented startups that include at least one female founder. Past investments by the firm include startups like Teal Health and Vibrant Planet. According to industry records, Halogen previously raised a $21 million Fund II in 2021, following its initial $10.41 million Fund I established in 2018.
