Reach Capital

High-Level Overview

Reach Capital is a leading early-stage venture capital firm dedicated to supporting entrepreneurs who build technology solutions for challenges in education—from early childhood through lifelong learning and the future of work. The firm’s mission is to expand access to education and economic opportunity by investing in innovative startups that improve learning outcomes and empower individuals to reach their full potential. Reach Capital’s investment philosophy centers on impact and quality, backing companies that address real pain points in education and workforce development. Their key sectors include early childhood, K–12, higher education, lifelong learning, and workforce technology. With a portfolio of over 130 companies and a reputation for hands-on support, Reach Capital has become a cornerstone of the edtech startup ecosystem, helping founders scale and drive meaningful change.

Origin Story

Reach Capital was founded in 2015 by Jennifer Carolan, who previously led the NewSchools Venture Fund Seed Fund. Carolan spun off Reach Capital as a for-profit social impact fund, leveraging her experience and a unique joint venture with NewSchools Venture Fund to create a scalable model for investing in edtech. The firm’s early backing from major philanthropic organizations—including the Bill & Melinda Gates Foundation, the Michael & Susan Dell Foundation, and the Sobrato Foundation—helped establish its credibility and mission-driven approach. Over the years, Reach Capital has evolved from a niche edtech investor to a broader supporter of learning and workforce innovation, raising multiple funds and expanding its influence across the education technology landscape.

Core Differentiators

• Impact-Driven Investment Model: Reach Capital prioritizes startups that solve real educational and workforce challenges, balancing financial returns with social impact.
• Deep Industry Network: The team includes former teachers, founders, and researchers, bringing firsthand experience and a robust network to support portfolio companies.
• Hands-On Operating Support: Reach Capital offers founders extensive resources, including mentorship, introductions to partners, and access to a vibrant founder community.
• Proven Track Record: The firm has backed category leaders like Outschool, Replit, Desmos, Nearpod, and Epic, with several successful exits and a strong reputation for identifying high-potential startups.
• Diverse Portfolio: Reach Capital invests across the entire learning and workforce spectrum, from early childhood to lifelong learning and future of work.

Role in the Broader Tech Landscape

Reach Capital is riding the wave of digital transformation in education and workforce development, a trend accelerated by the pandemic and ongoing shifts in how people learn and work. The firm’s focus on both consumer and SaaS models positions it to capitalize on the growing demand for accessible, scalable, and effective learning solutions. As remote and hybrid learning become more prevalent, and as the workforce faces rapid technological change, Reach Capital’s investments are well-aligned with market forces that favor innovation in education and skills development. The firm’s influence extends beyond its portfolio, shaping the broader edtech ecosystem by setting standards for impact, supporting founder communities, and advocating for equitable access to education and economic opportunity.

Quick Take & Future Outlook

Reach Capital is poised to continue its leadership in the edtech and workforce innovation space, with its latest $215 million fund signaling strong investor confidence and a commitment to expanding access and impact. As AI and other emerging technologies reshape education and work, Reach Capital’s focus on founders who start with real pain points—rather than just chasing trends—will be a key advantage. The firm’s influence is likely to grow as it supports the next generation of learning and workforce solutions, helping to bridge gaps in access and opportunity. In a world where education and work are increasingly intertwined, Reach Capital’s mission to elevate human potential remains as relevant as ever.