Jesse Draper’s Halogen Ventures has closed a $30 million Fund III, aimed at backing early-stage startups innovating in what Draper calls the “future of family.”
According to a report by Fortune, the fund will zero in on businesses focused on both physical and financial health at the household level.
Supporting female-led consumer startups
Founded in 2015 by Jesse Draper—daughter of venture capital heavyweight Tim Draper—Halogen exclusively backs consumer startups with at least one female founder. The firm previously raised a $21 million Fund II in 2021 and a $10.41 million Fund I in 2018.Halogen’s portfolio includes companies like Teal Health and Vibrant Planet. The firm is one of several investors turning their attention to the care economy, a sector that has drawn increasing interest since the pandemic underscored the fragility of childcare and eldercare systems.
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Investing in the care economy
With other players like Pivotal Ventures and Magnify Ventures also operating in this space, Draper’s latest fund signals growing momentum behind tech solutions aimed at improving family life and caregiving infrastructure.
