Women Only Got 2.1% of VC Capital in 2022"
Overall, Black entrepreneurs typically receive less than 2% of all VC dollars each year while companies led by Black women receive less than 1%, according to data from Crunchbase. "
Our approach to funding
We de-risk investments by providing hundreds of hours of support for ventures before we consider investing. We get to know founders well during the course of their Halcyon fellowship. Founders are able to connect with the Halcyon investments team to explore which funding vehicle might be a right fit for them given their venture’s stage and unique needs.
All our funding vehicles are based on the hypothesis that impact-driven ventures have a competitive advantage compared to traditional businesses. Being grounded in impact makes these ventures stronger, more competitive investments.
Not every venture or founder needs the same capital – some founders are in a position to raise a friends and family round, while others are not. For some founders, venture capital is the right tool – for others it isn’t. Halcyon’s combination of funding vehicles support founders with a range of needs.
There is so much more research to be done around funding gaps that impact women founders, founders of color, and other underrepresented groups. Halcyon’s fellowship programs already provide nondilutive stipends to help narrow those gaps – 75% of our ventures have a woman founder and 78% have a founder of color – and funding vehicles allow us to extend that work.
In February 2022 Halcyon closed a $5 million impact fund investing in Halcyon Fellows’ ventures. The Halcyon Fund launched with a portfolio of 13 investments and an average initial investment of $100,000.
The Halcyon Angels are a sector-agnostic network of active angel investors who gather every other month to hear pitches from a curated group that includes both Halcyon Fellows and other impact-driven business founders.
Halcyon Microloan Fund
Launched with the support of the Kimsey Foundation, the Halcyon Microloan Fund provides loans of up to $25,000, with below-market interest rates and requiring no collateral, to Halcyon ventures in the Washington region that want an alternative to traditional funding vehicles for early-stage businesses.