‘Weird And Maybe Uninvestable’: How Reach Capital Spots Its Venture Winners
Reach Capital, founded in 2015 after spinning out of NewSchools Venture Fund, has grown to nearly $1 billion in assets under management and backed over 180 companies. Partner James Kim, a former high school math teacher and Yale graduate, brings education expertise to the firm's investment thesis. Reach announced a $265 million fifth fund targeting pre-seed, seed, and Series A investments in approximately 50 additional teams. The firm's portfolio spans ClassDojo, Cartwheel, Stepful, and Replit, and includes holdings in AI detection company GPTZero.
Key points
- Reach Capital's fifth fund raised $265 million, bringing AUM to nearly $1 billion
- Firm targets 50 new investments across pre-seed, seed, and Series A stages
- Partner background as teacher informs investment strategy across education, health, and work sectors
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