Here’s an opportunity for edtech start-ups
Reach Capital announces its fourth fund, capitalized at $215 million, and a sidecar named the Reach Founders’ Fund.
If you happen to be in education technology, a San Francisco-based firm has just announced its fourth fund which is capitalized at $215 million.
Reach IV and a sidecar vehicle named the Reach Founders’ Fund are the latest initiatives from Reach Capital. Founded in 2015. the firm describes itself as “a thesis-driven, sector-focused, early-stage edtech investor. The founding partners have been investing together in education technology since 2008, well before edtech was a popular investment category.”
Reach Capital says that it has invested in more than 130 education start-ups, sat on more than 75 boards, supported 23 companies through acquisitions, and hosted 13 annual Founders’ Day convenings. In addition, the firm says that its first three funds made roughly one-half of its investments in consumer areas and the balance in Software-as-a-Service offerings for schools and corporations. In Reach II and III, about half the capital was deployed at seed with the remaining at Series A and a few later stages. What is consistent across all our investments: a firm footing in pedagogical best practices (whether that be for a second-grade class or a phlebotomy curriculum) and a maniacal focus on customers.
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