Reach Capital has closed its fifth fund at $265 million, with total commitments potentially stretching to $275 million, marking an increase from its $215 million Fund IV raised in April 2023. The oversubscribed vehicle underscores continued limited partner appetite for specialist AI strategies even as the broader venture fundraising market remains difficult. The firm, founded in 2015 by Jennifer Carolan, Wayee Chu, Shauntel Garvey, and Esteban Sosnik, has long focused on technology tied to human potential and built a reputation in edtech through investments including ClassDojo, Outschool, and Nearpod. With Fund V, Reach is broadening that approach toward AI-native companies aimed at improving how people learn and work, particularly in education, professional development, and workforce transitions. Reach invests primarily at the pre-seed and seed stages. Existing details indicate Fund V is expected to write checks of $1 million to $10 million across roughly 50 companies over the next three years. The fund excludes direct investments in crypto or digital assets, reinforcing its concentration on AI applications rather than broader frontier technology bets.