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Swizzle Ventures has closed its Fund I at $6.6 million, bypassing its initial $3 million target, Jessica Kamada, the firm\u2019s founder, told TechCrunch.\u00a0<\/p>\n
Back in December, TechCrunch previously reported <\/a>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\u2019s health and wealth, touching upon issues such as caregiving and finances.\u00a0<\/p>\n Kamada told TechCrunch that 70% of the fund\u2019s 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\u2019s already backed 11 companies so far and hopes to invest in 30 total from Fund I.\u00a0<\/p>\n 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.\u00a0<\/p>\n Swizzle\u2019s Fund I enters the world of venture capital at an important time. Caregiving is undergoing a crisis;<\/a> women\u2019s health is a hot topic, especially after the overturn of Roe<\/a>; and many women are gearing up to inherit what experts hail a historic boom in capital as the great \u201cwealth transfer<\/a>\u201d will soon come underway.\u00a0\u00a0<\/p>\n<\/div>\n