Latest news with #earlystageinvesting
TechCrunch
11-07-2025
- Business
- TechCrunch
Sarah Smith launches $16M fund, says AI can ‘unlock' so much for solo GPs like herself
Sarah Smith, founder and managing partner of the eponymous Sarah Smith Fund, announced Thursday the final closing of a $16 million Fund I. Smith launched her eponymous fund in 2022 and is a solo GP. She said she's 'stunned' by what AI can unlock for firms like hers, solo and next-generation. 'I can't imagine doing venture any other way now,' she said. 'While I believe company building still requires a team effort, I believe early-stage investing is best done solo.' She appreciates how she can make fast decisions that don't require committee approval. She's also taken to using AI to help her throughout this journey. 'Every day I'm dreaming of more ways to support my founders, combining my experience and network with AI,' she said. 'For example, just last week, I led a values articulation project for one of my founders,' Smith continued. 'It took me 2-3 hours of time when it previously would have taken 20. When you have an AI-native firm that can deliver 10x value in 1/10 of the time, you can scale up a large portfolio with just one person.' She said she previously had a $3 million rolling fund, and spent a year raising this Fund I. Fund I hopes to invest in 50 companies and has already backed 17, with the average check size standing at $250,000. Limited partners include Pear VC, Ulu Ventures, and Verdis Investment Management. Fund I focuses mainly on startups in the Stanford ecosystem (Smith is an alumna of the university). She has research there, too, to back up her focus. 'It has produced more unicorns and exit value than any other university in the world,' she said, citing the research done by Ilya Strebulaev that shows that 11% of unicorn founders have an association with Stanford. 'While much of the legacy Sand Hill firms spend of of their time up in SF, 45 minutes north, I'm doubling down on Stanford campus.'
Yahoo
27-06-2025
- Business
- Yahoo
Jesse Draper's Halogen Ventures closes $30M Fund III to focus on ‘future of family'
Halogen Ventures closed a $30 million Fund III to invest in early-stage startups building in the 'future of family,' as reported first by Fortune. The firm was founded in 2015 by Jesse Draper, the daughter of famed venture capitalist Tim Draper. She explained to Fortune that the fund will focus on the physical and financial health of households. Startups in the care economy have received more investor interest in the past few years after the pandemic, which exacerbated childcare and elderly care struggles. Other funds that work in this space include Pivotal Ventures and Magnify Ventures. Halogen focuses on consumer companies that have at least one female founder. It has invested in companies such as Teal Health and Vibrant Planet, and last raised a $21 million Fund II in 2021 and a $10.41 million Fund I in 2018, per Pitchbook. Halogen did not immediately respond to our request for comment. Sign in to access your portfolio
TechCrunch
27-06-2025
- Business
- TechCrunch
Jesse Draper's Halogen Ventures closes $30M Fund III to focus on ‘future of family'
In Brief Halogen Ventures closed a $30 million Fund III to invest in early-stage startups building in the 'future of family,' as reported first by Fortune. The firm was founded in 2015 by Jesse Draper, the daughter of famed venture capitalist Tim Draper. She explained to Fortune that the fund will focus on the physical and financial health of households. Startups in the care economy have received more investor interest in the past few years after the pandemic, which exacerbated childcare and elderly care struggles. Other funds that work in this space include Pivotal Ventures and Magnify Ventures. Halogen focuses on consumer companies that have at least one female founder. It has invested in companies such as Teal Health and Vibrant Planet, and last raised a $21 million Fund II in 2021 and a $10.41 million Fund I in 2018, per Pitchbook. Halogen did not immediately respond to our request for comment.
