In a significant boost to the startup ecosystem, Halogen Ventures, a Los Angeles-based venture capital firm, has successfully closed its $30 million Fund III. The fund, which focuses on early-stage consumer technology startups with at least one female founder, aims to drive innovation in what the firm calls the 'future of family'—a concept encompassing family-oriented tech solutions.
Founded by Jesse Draper, Halogen Ventures has built a reputation for championing female-led businesses in a traditionally male-dominated VC landscape. This latest fundraise, first reported by Fortune, underscores the growing recognition of the untapped potential in startups led by women entrepreneurs.
The firm’s mission is to address systemic funding gaps, as female founders historically receive a small fraction of total VC investments. With this $30 million fund, Halogen Ventures plans to back innovative companies that align with evolving family needs, from health tech to education and beyond.
Draper emphasized the importance of supporting diverse perspectives in tech. She noted that products and services designed with family in mind often resonate with broader audiences, creating substantial market opportunities for early-stage startups.
Since its inception, Halogen Ventures has invested in over 70 companies, with notable successes in its portfolio. The firm’s commitment to fostering gender diversity in entrepreneurship continues to inspire change across the industry.
As Halogen Ventures deploys its new capital, the VC community watches closely. This fund not only represents a financial milestone but also a step toward a more inclusive future for tech innovation.
Maria Lourdes
