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Reach Capital

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Investment thesis

Reach Capital is an early-stage venture capital firm that backs exceptional founders who elevate human potential and ignite purpose across learning, health, and work. Founded in 2015 as a spin-out from NewSchools Venture Fund, Reach invests with the belief that 'when people are equipped to grow their skills, nurture relationships, be healthy, and find meaning in what they do, communities thrive.' The firm takes a thesis-driven approach informed by society's major challenges—from strained public education and unaffordable childcare to AI-driven workforce disruption—while looking to founders to show what is possible. Reach does not get dogmatic about stage or model, deploying roughly half its capital at Seed and the remainder at Series A and select later stages, with a consistent focus on pedagogical best practices and a maniacal focus on customers.

Notable quotes

We invest with a thesis-driven approach informed by society's major challenges. But we look to founders to show us what is possible.

Jennifer Carolan · Reach Capital blog — Announcing Reach IV, Our New $215M Core Fund · 2023-03-01

One could mistake our impact orientation for a softness around financial outcomes; our funds' performance proves otherwise. All of our Funds have top quartile DPIs and we've backed a quarter of the highest valued edtech companies in the world.

Jennifer Carolan · Reach Capital blog — Announcing Reach IV, Our New $215M Core Fund · 2023-03-01

This money will support approximately 20 investment deals at the seed, Series A and Series B stages.

Shauntel Garvey · EdSurge — Longtime Edtech Investor Reach Capital Raises $165M for Third Fund · 2021-02-11

Recent investments

CompanyRoundSizeDate
ReplitSeries B2021-01-01
ClassDojoSeed2012-01-01
LoveverySeed2018-01-01
StepfulSeed2022-01-01
BrilliantSeries A2019-01-01
CampusSeries A2022-01-01
PreplySeries B2021-01-01
CartwheelSeries A2023-01-01
StellicSeed2021-01-01
WorkWhileSeries A2022-01-01

Frequent co-investors

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