Halogen Ventures is an early stage venture capital fund focused on consumer technology companies with a female founder. Some of the greatest technology companies in the world came out of the 2008 recession and we see a similar opportunity now to solve these new problems that have come to light in this pandemic.” “We are investing in consumer technologies to make lives easier from improving the way we shop, educate, work from home to companies solving childcare and government inefficiencies. ‘With this fund, we will continue to prove out that investing in women and diversity are the best bet for allocation of startup capital and make for more economically efficient, profitable, stronger businesses and better returns,” states Jesse Draper, Founding Partner, Halogen Ventures. Since then, Halogen has invested in over 60+ female founded companies, with ten exits under the portfolio, giving the Halogen team a distinct edge and proven track record at assessing consumer behavior and identifying industry trends. To participate in future fellowships, applicants are encouraged to apply at Draper’s venture capital fund focused on early stage consumer technology startups with a female in the founding team, has closed a second fund at $21 Million.ĭraper launched Halogen Ventures in 2015 after recognizing startups with women founders were a highly undervalued investment opportunity. Each fellow is responsible for identifying a key consumer trend and related investment opportunities, as well as producing an independent research study on behalf of a Halogen portfolio company. Fellows remotely shadow Halogen team members to get day-in-the-life experience in venture. The Halogen Fellowship in Venture Capital aims to give more young people that entry level experience to kick off exceptional careers in venture capital and the world of technology startups. Of US-based VCs, Deloitte estimates 14% of investment partners are women and just 3% of investment partners are black (compared to 80% white).Īs an apprentice-based business, venture has traditionally been a tough industry to crack into. The venture capital ecosystem lacks diversity today. “We are thrilled to work alongside Halogen to support the next generation and create a new pipeline for a more equitable and diverse industry.” “ This is a fantastic opportunity to get real mentorship and exposure to early stage venture and help change the face of this industry,” said Sarah Peluso, Vice President of Consumer Tech Banking from Silicon Valley Bank. The program includes introductory coursework on all aspects of venture capital including guest lectures from key figures at Silicon Valley Bank and Amazon Web Services. Ten fellows have been selected from across the country for the virtual fellowships, from UCLA, to Harvard, to Notre Dame. The program aims to train exceptional undergraduate students in venture capital and to create more opportunities for young people from all backgrounds to become investors. Like the fund, the Halogen Fellowship in Venture Capital has a focus on gender dynamics. We look forward to teaching the next generations to look at investing through a diverse lens.” With over 40% of our female founded portfolio companies led by BIPOC founders, we know this to be true. “As we look at the Venture Capital landscape in 2020 and beyond, we are excited about the opportunity to prove out that diversity breeds success that is diversity of age, gender, ethnicity, sexual orientation, race, and life experiences. “ We have already proven that investing in women is not an impact play, it’s smart business,” said Jesse Draper, Founding Partner of Halogen VC. With the Halogen Fellowship in Venture Capital, Draper and her team are expanding their mandate to support the next generation of not just entrepreneurs, but investors as well. (acquired by P&G), and Eloquii (acquired by Walmart). Since then, Halogen has invested in over 60+ female founded companies including The Skimm (with GV), Glamsquad (with SoftBank), Hopskipdrive (with Greycroft), ThisisL. Along with Silicon Valley Bank and Amazon Web Services, the Halogen Fellowship will focus on gender dynamics and address the lack of equity, diversity and funding in Venture Capital.ĭraper launched Halogen VC in 2015 after recognizing startups with women founders were a highly undervalued investment opportunity. LOS ANGELES-( BUSINESS WIRE)- Halogen Ventures, Jesse Draper’s venture capital fund focused on early stage consumer technology startups with a female in the founding team, is doubling down on their commitment to improve diversity in technology with the launch of The Halogen Fellowship in Venture Capital.
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