TechCrunch·3 min read·medium
Reach Capital raises $265M Fund V to back AI founders building to ‘expand human potential’
D
Dominic-Madori Davis
✦AI Summary
Reach Capital has closed a $265 million fund to invest in early-stage AI startups focused on learning, health, and work. The firm aims to support founders who use AI to expand human potential rather than replace it.
Reach Capital announced Tuesday the close of a $265 million Fund V. The thesis of the 11-year-old, San Francisco firm is to back founders building AI applications that can “expand human potential,” Tony Wan, head of platform at Reach Capital, told TechCrunch. In practice, he added, that means looking at founders building across three areas: learning, health, and work.
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