Episode Details

Magnify Ventures just closed a $46.6M second fund, targeting the booming “care economy” — tech that empowers families with AI for homes, kid-focused cybersecurity, and health solutions. Founded in 2021 by Joanna Drake and Julie Wroblewski, the firm’s first fund raised $52M last year, with Melinda French Gates’ Pivotal Ventures backing both rounds. Pivotal, focused on family-supporting businesses, has invested in elder care and health startups like Papa and Seen Health. Magnify’s new fund will back AI, health, and fintech for families — already supporting startups like Kinside and Till Financial. This signals a major shift toward tech that makes everyday family life easier, smarter, and more secure.

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