Halogen Ventures Launches Diversity Fellowship

Halogen Ventures, the Los Angeles early-stage firm that focuses on female-led consumer tech startups, announced it is launching a fellowship to focus on gender dynamics and address the lack of equity and diversity in the overwhelmingly white, male world of venture capital.

Ten fellows have been selected from across the country for the virtual fellowships, from schools that include UCLA, Harvard and Notre Dame. The program includes introductory coursework on all aspects of venture capital, including guest lectures from top employees at Silicon Valley Bank and Amazon Web Services.

"We have already proven that investing in women is not an impact play, it's smart business," said Jesse Draper, founding partner of Halogen VC. "As we look at the Venture Capital landscape in 2020 and beyond, we are excited about the opportunity to prove out that diversity breeds success; that is diversity of age, gender, ethnicity, sexual orientation, race, and life experiences. With over 40% of our female founded portfolio companies led by BIPOC founders, we know this to be true. We look forward to teaching the next generations to look at investing through a diverse lens."

Since Draper founded the firm in 2015, Halogen has invested in over 60 female founded companies including The Skimm, Glamsquad, Hopskipdrive, ThisisL and Eloquii.

Deloitte estimates just 14% of investment partners at U.S. VC firms are women and only 3% are Black.

Subscribe to our newsletter to catch every headline.

  • CrimeDoor, an immersive augmented reality app launched last week, is straddling the space between mystery entertainment and crowdsourced crime solving.
  • The app was conceived by Neil Mandt, a longtime film and TV producer-turned-tech entrepreneur. A true crime enthusiast himself, Mandt said he saw an opportunity to merge the popular genre with immersive reality.
  • The AR environments are constructed based on real crime scene photos, police reports and eyewitness accounts.

A new augmented reality app launched this week allows anybody to feel what it's like to explore a murder site as it appeared right after the crime occurred. They may even be able to help crack an unsolved crime.

Read more Show less

PayPal Holdings, Inc. announced Thursday it will be transferring money to two L.A. firms as part of a $50 million commitment to eight early-stage, Black and Latinx-led venture capital funds.

Slauson & Co., the new fund from PledgeLA chairman Austin Clements focused on people of color, women and LGBTQ+ entrepreneurs; and VamosVentures, the Latinx consumer-focused, early-stage fund founded by Marcos Gonzalez, are both receiving undisclosed investment amounts.

Read more Show less

After seeing the pandemic's disproportionate impact on lower-income minorities, Beatriz Acevedo, the co-founder of digital media company mitú, felt compelled to return to the startup world.

On Thursday, the L.A.-based entrepreneur and three-time Emmy-winning producer announced the launch of SUMA Wealth, a fintech company that will seek to provide U.S-born Latinos with financial-inclusion tools and resources.

Read more Show less