Key facts
- Reach Capital has closed its fifth fund, Fund V.
- Fund V has a total of $265 million.
- The fund targets AI founders.
- Investment sectors include learning, health, and work.
- Reach Capital plans to invest $1 million to $10 million per company.
- The firm expects to invest in approximately 50 companies.
- The investment period is over three years.
Venture capital firm Reach Capital has successfully closed its fifth fund, Fund V, amassing $265 million. This new fund is specifically designated for investments in artificial intelligence (AI) founders. The firm's investment thesis targets companies operating within the learning, health, and work sectors. Reach Capital plans to deploy its capital strategically, aiming to invest between $1 million and $10 million in approximately 50 portfolio companies. This investment strategy is expected to unfold over a three-year period, signaling a focused approach to nurturing AI innovation in key industries.