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Reach Capital

Founders Jennifer Carolan Shauntel Garvey

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 139
Average round size
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The average size of a deal this fund participated in
$15M
Portfolio companies 95
Rounds per year 15.44
Lead investments 24
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.32
Exits 9
Key employees 6
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Education
  • EdTech
  • E-Learning
  • Software
  • Mobile Apps
Summary

Reach Capital appeared to be the VC, which was created in 2015. The venture was found in North America in United States. The leading representative office of defined VC is situated in the Palo Alto.

The increased amount of exits for fund were in 2019. This Reach Capital works on 23 percentage points less the average amount of lead investments comparing to the other organizations. The important activity for fund was in 2017. Considering the real fund results, this VC is 12 percentage points more often commits exit comparing to other organizations. The fund is generally included in 7-12 deals every year. The common things for fund are deals in the range of 5 - 10 millions dollars. The typical startup value when the investment from Reach Capital is 100-500 millions dollars.

Besides, a startup needs to be aged 2-3 years to get the investment from the fund. The fund has no exact preference in some founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Among the most popular portfolio startups of the fund, we may highlight Epic!, ClassDojo, Newsela. Among the most popular fund investment industries, there are Mobile Apps, Machine Learning.

The current fund was established by Jennifer Carolan, Shauntel Garvey. Besides them, we counted 6 critical employees of this fund in our database.

The typical case for the fund is to invest in rounds with 5-6 participants. Despite the Reach Capital, startups are often financed by Omidyar Network, New Markets Venture Partners, Morado Ventures. The meaningful sponsors for the fund in investment in the same round are Kapor Capital, GSV AcceleraTE, Rethink Education. In the next rounds fund is usually obtained by GSV AcceleraTE, Owl Ventures, University Ventures.

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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Reach Capital:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Suraasa

Apps
E-Learning
Education
Employment
Training
16 Oct 2024 Gurgaon, Haryana, India

Coral Care

Health Care
Software
$5M19 Sep 2024 New York, New York, United States

Nurture

Children
Gaming
$2M18 Sep 2024 Seattle, Washington, United States

LabLabee

Cloud Computing
EdTech
Telecommunications
$3M10 Sep 2024 -

GPTZero

Artificial Intelligence
Software
$10M13 Jun 2024 -

Doowii, Inc

$4M06 Jun 2024 -

Kollegio

$750K04 Jun 2024 Stanford, California, United States

Take2.ai

Employment
Marketplace
Recruiting
$3M16 Apr 2024 Los Altos, California, United States

Ednition

$1M11 Apr 2024 Salt Lake City, Utah, United States
News
EveryDay Labs Raises $8M in Series A Funding

– EveryDay Labs from Redwood City CA raised $8m in Series A funding.
– The round was led by Rethink Impact with participation from Reach Capital, Gary Community Ventures, City Light Capital, RedHouse Education, Edovate Capital Bonsal Capital and Copper Wire Ventures.
– The company intends to use the funds to scale its research-based communication tools.

Class Technologies Closes $105M Series B

– Class Technologies, an edtech platform, has raised a $105M Series B round.
– Led by the Softbank Vision Fund, the round also includes GSV Ventures, Emergence Capital, Maven Partners, Owl Ventures, Insight Partners, SWaN & Legend Venture Partners, Rise of the Rest Fund, Learn Capital, Reach Capital, Slow Ventures, Sound Ventures, Chimera Investment, Daher Capital, Guy Oseary, Bill Tai and Tom Brady.
– The company was founded by education software pioneer Michael Chasen.

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Total investments 139
Average round size 15M
Rounds per year 15.44
Peak activity year 2021
Lead investments 24
Follow on index 0.32
Exits 9
Group Appearance index 0.95

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Suraasa

Apps
E-Learning
Education
Employment
Training
16 Oct 2024 Gurgaon, Haryana, India

Coral Care

Health Care
Software
$5M19 Sep 2024 New York, New York, United States

Nurture

Children
Gaming
$2M18 Sep 2024 Seattle, Washington, United States

LabLabee

Cloud Computing
EdTech
Telecommunications
$3M10 Sep 2024 -

GPTZero

Artificial Intelligence
Software
$10M13 Jun 2024 -

Doowii, Inc

$4M06 Jun 2024 -

Kollegio

$750K04 Jun 2024 Stanford, California, United States

Take2.ai

Employment
Marketplace
Recruiting
$3M16 Apr 2024 Los Altos, California, United States

Ednition

$1M11 Apr 2024 Salt Lake City, Utah, United States
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