Reach Capital is an early-stage venture capital firm founded in 2015 and based in San Francisco, investing in founders building technology across learning, health, and work. Spun out of NewSchools Venture Fund, the firm has backed more than 180 companies including Replit, ClassDojo, Brilliant, and Coral Care, with notable exits including Nearpod, SchoolMint, Gradescope, and GPTZero. Reach closed its fifth flagship fund at $265 million in August 2026, bringing total assets under management toward $1 billion.
Reach Capital invests at the earliest stages, pre-seed, seed, and Series A, in founders building technology across three focus areas: learning (education technology serving people from birth through adulthood), health (AI-enabled healthcare tools that expand access, affordability, and clinician capacity), and work (tools that unlock economic opportunity and support workers and employers).
The firm frames its current fund thesis around backing AI-native founders who translate frontier technology into practical tools for institutions such as schools, hospitals, and workplaces, markets it argues adopt new technology more slowly than consumer or enterprise software, but which the firm says produce a "fat middle" of consistent 2–10x outcomes through strategic acquisitions, alongside occasional larger power-law winners.
Reach positions itself as a boutique alternative to both mega-funds concentrated in frontier AI labs and funds chasing only outlier, friction-free consumer bets.
Reach Capital closed its fifth flagship fund, Reach V, at $265 million on August 18, 2026, an oversubscribed raise the firm completed in under six months. Limited partners include Capricorn Investment Group, the Los Angeles Fire and Police Pensions, the LEGO Foundation, and College Board, alongside the large majority of the firm's existing LP base re-upping their commitments.
Combined with its Founders Fund II vehicle and four prior flagship funds, Reach's total assets under management are approaching $1 billion.
The firm plans to back roughly 50 new companies with Fund V over the next three years; as of the announcement, no companies had yet been funded from the new vehicle.
Reach's prior flagship funds were a $53 million debut fund (2015 vintage), an undisclosed second fund, a $165 million third fund (2021), and a $215 million fourth fund (2023).
Leadership
Investment Strategy
Reach's founding partners began working together at NewSchools Venture Fund, where they ran a seed fund and startup accelerator beginning in 2011 and made more than 40 early-stage investments before spinning out to found Reach Capital in 2015.
The firm makes initial checks ranging from roughly $100,000 at pre-seed up to $10–12 million at later early stages, and aims to be a hands-on, long-term partner through hiring support, founder community programs, and follow-on fundraising help.
Rather than chasing only the highest-risk, friction-free consumer bets, Reach's stated thesis is to fund companies serving institutions with slower adoption cycles, schools, hospitals, and workplaces, which the firm says produces a return profile weighted toward consistent 2–10x outcomes via strategic acquisitions, alongside occasional larger winners.
Notable Investments
Notable Exits
Jennifer Carolan — Co-Founder, Partner
jennifer@reachcapital.com
Wayee Chu — Co-Founder, Partner
wayee@reachcapital.com
Esteban Sosnik — Co-Founder, Partner
James Kim — Partner
james@reachcapital.com
Caoimhe Macrunnels — Principal
caoimhe@reachcapital.com
Steve Kupfer — Partner
steve@reachcapital.com
Winnie Ng — Executive Assistant
winnie@reachcapital.com
Harrison Luo — AI Investor
harry@reachcapital.com
United States
