Swizzle Ventures has closed its Fund I at $6.6 million, bypassing its preliminary $3 million goal, Jessica Kamada, the agency’s founder, informed TechCrunch.
Again in December, TechCrunch previously reported that the agency, which quietly launched in 2023, was elevating and has already bypassed $5 million, per its SEC submitting. The thesis of Fund I’ll concentrate on ladies’s well being and wealth, touching upon points resembling caregiving and funds.
Kamada informed TechCrunch that 70% of the fund’s LPs are ladies and 50% are consultants within the focus of its thesis. The agency will minimize checks starting from $100,000 to $200,000 at a pre-seed and seed degree. It’s already backed 11 corporations up to now and hopes to put money into 30 whole from Fund I.
Kamada, who is predicated in Seattle, has a background in advertising and marketing and startup advising. She posted on Linkedin over a 12 months in the past that she had left her job after practically eight years and not using a plan for what to do subsequent.
Swizzle’s Fund I enters the world of enterprise capital at an essential time. Caregiving is undergoing a crisis; ladies’s well being is a scorching matter, particularly after the overturn of Roe; and many ladies are gearing as much as inherit what consultants hail a historic increase in capital as the nice “wealth transfer” will quickly come underway.
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