Brand-new women’s focused Swizzle Ventures skyrockets past its fundraising target

Swizzle Ventures has closed its Fund I at $6.6 million, bypassing its initial $3 million target, Jessica Kamada, the firm’s founder, told TechCrunch. Back in December, TechCrunch reported that the firm, which quietly launched in 2023, was raising and has already bypassed $5 million, per its SEC filing. The thesis of Fund I will focus on women’s health and wealth, touching upon issues such as caregiving and finances. Kamada told TechCrunch that 70% of the fund’s LPs are women and 50% are experts in the focus of its thesis. The firm will cut checks ranging from $100,000 to $200,000 at a pre-seed and seed level. It’s already backed 11 companies so far and hopes to invest in 30 total from Fund I. Kamada, who is based in Seattle, has a background in marketing and startup advising. She posted on LinkedIn over a year ago that she had left her job after nearly eight years without a plan for what to do next. Swizzle’s Fund I enters the world of venture capital at an important time. Caregivi ... Read full article.