Swizzle Ventures has shut down Fund I for $6.6 million and bypassed its initial $3 million target, company founder Jessica Kamada told TechCrunch.
In December, TechCrunch reported that it was being raised by a company quietly launched in 2023, and already bypassing $5 million per SEC application. Fund Papers I focus on women's health and wealth, and touch on issues such as caregiving and finances.
Kamada told TechCrunch that 70% of the fund's LPS are women and 50% are experts in the focus of the paper. The company cuts checks ranging from $100,000 to $200,000 at pre-seed and seed levels. We have already supported 11 companies so far, and we hope to invest in a total of 30 from Fund I.
Based in Seattle, Kamada has a background in marketing and startup advice. She posted on LinkedIn over a year ago. She left her job for nearly eight years without planning what to do next.
Swizzle's Fund I'm entering a critical time in the world of venture capital. Caregivers are in danger. Women's health is a hot topic, especially after the ROE has been overturned. And many women are preparing to inherit what experts predict will become historic activities as the great “wealth transfer” begins soon.