Halfmore

Backed byDraper Associates
Total raised$1.0M
StageSeed
Founded2023
Team size1-10
HQPalo Alto, United States
IndustriesFinTechSaaSConsumer TechWealth ManagementPayroll

About Halfmore

The company offers a platform that enables parents to establish IRS-compliant household employment by hiring their children in a bona fide employment relationship. It allows parents to earn legitimate income and contribute to a custodial Roth IRA, supporting early, tax-advantaged saving for families. The platform also streamlines the legal, payroll, and tax administration processes, bringing tools that were once available only to high-net-worth families within reach. By democratizing access to long-term, tax-advantaged investing, the company positions itself as a practical solution for all families seeking financial empowerment.

Company at a glance

Location
Palo Alto, United States
LinkedInLinkedIn

Founders & Leadership

IL

Isaac Lee

Halfmore: Empowering every parent with elite financial tools | Stanford GSB | Oil Painter

LinkedIn
JL

Jaebum Lee

CTO @Halfmore

LinkedIn
SY

Stephen Youngwood

CEO | Board Member | Venture Partner | Advisor | Business Builder - Media, Tech, Education, and Consumer

LinkedIn

Top Benefits

  • Earnings from employment through the platform can be contributed to a custodial Roth IRA.

Location

About the Team

Team Distribution

  • Leadership33%
  • Operations33%
  • Design17%
  • Specialized17%

Where the Team Studied

  1. 1.Stanford University
  2. 2.Syracuse University
  3. 3.University of California, Berkeley
  4. 4.Yale University
  5. 5.University of California, Riverside

Team Worked At

  • PwC
  • Fidelity Investments
  • EY
  • KPMG US
  • McKinsey & Company

Team Composition

5 people
  • Entrepreneurship3 senior3
  • Engineering1

Funding History

Pre-SeedApr 2024

$1M

raised

Silicon Valley fintech startup Halfmore raised about ₩1.5 billion in a Pre-Seed round from Draper Associates and Krew Capital

Draper AssociatesKrew Capital

Life at Halfmore

Frequently asked questions

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