Edtech venture capital firm Reach Capital raises $215 million for its largest fund ever and has its sights set on backing more generative AI startups

• Reach Capital has closed its fourth fund with $215 million to invest in education startups.
• The announcement comes at a time when edtech startups have seen a pullback in new deals. 
• Here's why Reach is still betting big on new startups in edtech and the future of work. 

San Francisco-based Reach Capital has closed $215 million in fresh capital for its fourth fund, the largest in the firm's history. Consistent with the previous fund, Reach IV will focus on education and future of work investments in the earlier stages, such as seed to Series B, and in companies based both in the US and abroad.