Swizzle Ventures has successfully closed its Fund I at a remarkable $6.6 million, significantly exceeding its initial goal of $3 million. Founder Jessica Kamada confirmed this achievement to TechCrunch.
As reported by TechCrunch in December, Swizzle Ventures quietly launched in 2023 and had already surpassed $5 million in funding, as per SEC filings. The focus of Fund I is on women’s health and wealth, addressing critical issues like caregiving and financial empowerment.
Kamada noted that 70% of the fund’s limited partners (LPs) are women, and 50% have expertise in the fund’s focus areas. Swizzle Ventures aims to invest in companies with checks ranging from $100,000 to $200,000 at the pre-seed and seed stages. The firm has already supported 11 companies and plans to invest in a total of 30 through Fund I.
Based in Seattle, Kamada has a background in marketing and advising startups. She shared on LinkedIn that she left her previous job after eight years without an immediate plan for the future.
Swizzle Ventures’ Fund I arrives at a crucial time in venture capital. Caregiving faces a growing crisis, women’s health is a particularly relevant topic in light of the recent legal developments, and experts anticipate a significant wealth transfer to women as part of the “generational wealth transfer.”
Original source: Read the full article on TechCrunch
