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How Reach Capital Spots Venture Winners

Crunchbase News •
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Before evaluating education startups, James Kim used their products in his classroom. The Reach Capital partner began as a high school math teacher with Teach For America after studying astrophysics at Yale. He later worked in college access and Yale admissions, earning graduate degrees in business and education from Stanford before joining Reach. As a teacher, he was an early user of Class Dojo, describing it as "game-changing."

Reach Capital, founded in 2015 after spinning out of New Schools Venture Fund, initially focused on K-12 technology. Its mandate expanded to learning, health and work, with investments in Class Dojo, Cartwheel, Stepful and Replit. In August, Reach announced its fifth fund, a $265 million vehicle bringing assets under management to nearly $1 billion. The firm, which has backed more than 180 companies, plans to invest in approximately 50 additional teams through the new fund.

Kim explains that education's regulatory complexity and institutional buying informed Reach's approach to healthcare and work. Health and wellbeing affect classroom readiness, pulling the firm toward mental health and developmental health. On the work side, formal learning ends in college but the bridge to a job remains essential. The common thread across learning, health and work is that these are the most important systems underlying human development and flourishing.

Source: Crunchbase News · Summarized by HeadlinesBriefing