About This Fund
Halogen Ventures Fund III is the third flagship fund of Halogen Ventures, an early-stage venture capital firm founded in 2015 by Jesse Draper—a fourth-generation venture capitalist and daughter of Tim Draper. The fund held its final close on June 27, 2025, raising $30 million in commitments, continuing Halogen's progression from a $10.41 million Fund I (2018) and a $21 million Fund II (2021). Limited partners include the State of Alabama's Innovate Alabama initiative, Fenwick's Fund of Funds, entrepreneur Candace Nelson (founder of Sprinkles Cupcakes), Gingerbread Capital, Mike Evans (co-founder of Grubhub), and Lanyon Advisors.
Fund III sharpens Halogen's 'Future of Family' thesis, prioritising the $7.5 trillion market opportunity in childcare, child and youth services, family technology, and EdTech for modern working families. The fund invests at the pre-seed and seed stages in companies founded or co-founded by women, addressing systemic gaps in U.S. childcare infrastructure and the broader needs of modern households. Alongside family-focused verticals, Fund III continues Halogen's broader mandate to back female founders innovating across consumer technology, digital health, and business software—sectors where Halogen has consistently identified overlooked talent generating outsized risk-adjusted returns.
Over two prior funds, Halogen built a diversified portfolio of female-led companies across consumer tech, healthcare, and enterprise software. Jesse Draper and the Halogen team have backed companies including Little Otter (pediatric mental health), Kinside (childcare marketplace), and Zing Health (Medicare insurance), demonstrating a consistent ability to identify mission-driven founders in underserved markets. Halogen's growing LP base—including state economic development funds, institutional fund-of-funds, and prominent entrepreneurs—reflects increasing institutional recognition of gender-lens investing as a differentiated and commercially compelling strategy.