Source: TechCrunch
Summary
Reach Capital has announced the closing of its fifth fund, Fund V, with $265 million in capital commitments. The fund was oversubscribed, indicating strong demand from investors. The firm will continue to focus on investing in early-stage education and workforce development companies. Reach Capital’s previous funds have invested in companies such as DreamBox Learning and Handshake. The new fund will allow the firm to expand its support for entrepreneurs and innovators in the education sector.
Our Reading
The announcement sounds ambitious.
Reach Capital’s Fund V hits the scene with a substantial $265M in commitments. Because what the world really needed was another oversubscribed fund. The firm plans to invest in more education and workforce development companies, because that’s exactly what they’ve been doing. This new fund is just more of the same, but with a bigger war chest. Reach Capital is essentially saying, “We’re going to keep doing what we’ve been doing, but now with more money!”
Author: Evan Null
