Reach closes a $265M fund for human-potential AI

Reach Capital closed a $265 million Fund V for AI startups in learning, health, and work, with planned checks of $1 million to $10 million across roughly 50 companies over the next three years. TechCrunch’s account says the specialist fund raised the money in less than six months, after Reach’s $215 million Fund IV in 2023 and $165 million Fund III in 2021. Founders should file the mandate as a capital-allocation signal—not proof that “human potential” is a market—alongside the archive’s analysis of enterprise AI’s buyer problem.