{"id":249735,"date":"2026-07-02T15:26:43","date_gmt":"2026-07-02T15:26:43","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2026\/07\/02\/melinda-gates-venture-firm-backs-magnify-ventures-46-6m-fund-ii-techcrunch\/"},"modified":"2026-07-02T15:26:43","modified_gmt":"2026-07-02T15:26:43","slug":"melinda-gates-venture-firm-backs-magnify-ventures-46-6m-fund-ii-techcrunch","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2026\/07\/02\/melinda-gates-venture-firm-backs-magnify-ventures-46-6m-fund-ii-techcrunch\/","title":{"rendered":"Melinda Gates\u2019 venture firm backs Magnify Ventures&#8217; $46.6M Fund II | TechCrunch"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">Early-stage firm Magnify Ventures has raised <a href=\"https:\/\/www.prnewswire.com\/news-releases\/magnify-ventures-launches-new-fund-to-build-the-ai-infrastructure-layer-of-the-care-economy-302815536.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$46.6 million for its second fund<\/a> from LPs, including Melinda French Gates\u2019 Pivotal Ventures.<\/p>\n<p class=\"wp-block-paragraph\">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.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The firm said Fund II will invest in companies that build AI tools for households, health and home systems, and fintech infrastructure for families.<\/p>\n<p class=\"wp-block-paragraph\">The venture firm last raised a $52 million Fund I in 2022 (<a href=\"https:\/\/www.prnewswire.com\/news-releases\/magnify-ventures-debuts-with-52-million-fund-to-invest-in-the-digital-transformation-of-the-care-economy-301539631.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Pivotal Ventures anchored that fund<\/a>) and has backed <a href=\"https:\/\/techcrunch.com\/2022\/06\/07\/kinside-helps-parents-find-and-afford-quality-pre-screened-childcare\/\" target=\"_blank\" rel=\"noreferrer noopener\">childcare startup Kinside<\/a> and children\u2019s expense management startup <a href=\"https:\/\/techcrunch.com\/2021\/04\/22\/forget-the-piggy-bank-till-financials-kids-spend-management-app-gets-gates-backing\/\" target=\"_blank\" rel=\"noreferrer noopener\">Till Financial<\/a> (in which Pivotal Ventures was also an investor).<\/p>\n<p class=\"wp-block-paragraph\">Pivotal Ventures generally acts as a GP and LP, backing companies building in the care economy. Its investments include caregiving startups Papa (in which Magnify Ventures was also an investor) and Seen Health.\u00a0<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/techcrunch.com\/2026\/07\/02\/melinda-gates-venture-firm-backs-magnify-ventures-46-6m-fund-ii\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Early-stage firm Magnify Ventures has raised $46.6 million for its second fund from LPs, including Melinda French Gates\u2019 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.\u00a0 The firm said Fund [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":249736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":{"0":"post-249735","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/249735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=249735"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/249735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/249736"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=249735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=249735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=249735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}