Magnify Ventures Raises $46.6 Million Fund II Backed by Pivotal Ventures
Updated
Updated · TechCrunch · Jul 2
Magnify Ventures Raises $46.6 Million Fund II Backed by Pivotal Ventures
3 articles · Updated · TechCrunch · Jul 2
Summary
$46.6 million Fund II gives Magnify Ventures fresh capital to back early-stage startups serving the care economy, with Melinda French Gates' Pivotal Ventures among the limited partners.
Fund II will target AI tools for households, health and home systems, and fintech infrastructure for families, extending Magnify's focus on practical consumer and caregiving needs.
Founded in 2021 by Joanna Drake and Julie Wroblewski, the firm previously raised a $52 million Fund I in 2022, also anchored by Pivotal Ventures.
Magnify's earlier bets include childcare startup Kinside and children's expense platform Till Financial, underscoring a broader push by both Magnify and Pivotal into caregiving and family-focused technology.