{
  "id": 1693565,
  "title": "Reach Capital raises $265M Fund V to back AI founders building to ‘expand human potential’",
  "url": "https://urgent.news/2026/08/18/reach-capital-raises-265m-fund-v-to-back-ai-founders-building-to",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-18T11:00:00.000Z",
  "source": {
    "name": "TechCrunch",
    "slug": "techcrunch",
    "url": "https://techcrunch.com/2026/08/18/reach-capital-raises-265m-fund-v-to-back-ai-founders-building-to-expand-human-potential/"
  },
  "original_language": "en",
  "account": "Reach Capital finalized the $265 million allocation for its Fund V on Tuesday, with the goal of investing in AI-driven startups that contribute to \"expanding human potential,\" according to Tony Wan, the firm's head of platform. The San Francisco-based company, established 11 years ago, targets investments in three key areas: learning, health, and work. Wan emphasized that Reach Capital believes AI should enhance human flourishing rather than replace it. Prior investments by the firm include Replit, ClassDojo, and Coral Care. The new fund will provide investments ranging from $1 million to $10 million, targeting roughly 50 companies over the next three years, with no funded deals as of yet. Notable limited partners for this fund consist of Capricorn Investment Group, the Los Angeles Fire and Police Pensions, the LEGO Foundation, and College Board. Reach Capital's general partner, Jomayra Herrera, revealed that the fundraising process went smoothly and that the team managed to raise the new fund within six months, thanks to LP interest in sector-focused boutique funds. The firm's recent exit included GPTZero's acquisition by Superhuman, where Reach Capital was one of several investors.",
  "summary": "Reach Capital announced Tuesday an oversubscribed $265M Fund V.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}