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 previously 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. Caregiving is undergoing a crisis; women’s health is a hot topic, especially after the overturn of Roe; and many women are gearing up to inherit what experts hail a historic boom in capital as the great “wealth transfer” will soon come underway.