computer-science
Melinda Gates’ venture firm backs Magnify Ventures’ $46.6M Fund II
Key takeaways
- Early-stage firm Magnify Ventures has raised $46.6 million for its second fund from LPs including Melinda French Gates’ Pivotal Ventures.
- Founded in 2021 by Joanna Drake and Julie Wroblewski, Magnify invests in companies that target the care economy, such as those building assistive robotics, family cybersecurity, and AI for home use.
- The firm said Fund II will invest in companies that build AI tools for households, health and home systems, and fintech infrastructure for families.
Early-stage firm Magnify Ventures has raised $46.6 million for its second fund from LPs including Melinda French Gates’ Pivotal Ventures.
Founded in 2021 by Joanna Drake and Julie Wroblewski, Magnify invests in companies that target the care economy, such as those building assistive robotics, family cybersecurity, and AI for home use.
The firm said Fund II will invest in companies that build AI tools for households, health and home systems, and fintech infrastructure for families.
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