Halogen Ventures has shut down its $30 million Fund III to invest in early stage startups building buildings in “Future of Family,” as Fortune first reported.
The company was founded in 2015 by Jesse Draper, the daughter of renowned venture capitalist Tim Draper. She explained to Fortune that the fund will focus on the physical and financial health of the household.
Care economy startups have been interested in more investors over the past few years since the pandemic, which has exacerbated the struggle for childcare and care for the elderly. Other funding that operates in this area includes pivotal and expanded ventures.
Halogen focuses on consumer companies with at least one female founder. He invested in companies such as Teal Health and Vibrant Planet, raising $21 million Fund II in 2021 and $10.41 million Fund I in 2018 on a per-Pitchbook basis. Halogen did not immediately respond to requests for comment.