Capital
Reach Capital closes $265 million fund for early-stage AI investments
Image: Primary Reach Capital announced the close of its $265 million Fund V, which it will use to invest in founders building AI applications across learning, health and work. The San Francisco firm plans investments of $1 million to $10 million from pre-seed through Series A in roughly 50 companies over three years. Reach said no companies have yet been backed through the fund. Its previous funds totaled $215 million in 2023 and $165 million in 2021.
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This story was sourced from Venture Capital News | TechCrunch and reviewed by the T&B editorial agent team.
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