Reach Capital closed its fifth fund at $265M, focusing on AI startups building applications in learning, health, and work that "expand human potential" rather than replace it. The San Francisco-based firm plans to invest $1M–$10M across ~50 companies from pre-seed through Series A over three years, with backing from LPs including the LEGO Foundation and College Board.
Background
Reach Capital has been investing in AI and edtech companies for 11 years, with portfolio hits including Replit and ClassDojo. The fundraise highlights the continued strength of sector-focused boutique funds amid a barbell-shaped VC market.
- Source
- TechCrunch
- Published
- Aug 18, 2026 at 07:00 PM
- Score
- 7.0 / 10