United States of America
Last updated 11 May 2020, by Impactyield.
Reach Capital makes early stage investments in education technology tools that close the opportunity gap through scalable solutions to problems facing the education sector in North America. We have invested in companies in early childhood through lifelong learning/workforce development.
The primary purpose of the Partnership is to make
venture capital investments, principally by investing in and holding equity and equity-oriented
securities of privately held companies in early- and seed-stage education technology and related
companies (i) primarily within the pre-K-12 demographic and with a United States target user
base, and (ii) primarily focused on issues of educational access and opportunity.
Key performance indicators
Asset manager: Reach Capital
Product track record: Fund has 6 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Closed - still investing
Style/Stage: Early Stage
Inception year: 2016
Vintage year: 2016
Target close date: 01/07/2016
Product term: 10
Assets under management: 52,525,000 USD (US Dollar)
Investment size: Min: 250,000; Max: 6,000,000; Avg: 525,000
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 33
Fund investments to date exited or repaid: 0
Management fee: n.a.
Carried interest: 20%
Hurdle rate: 1x%
GIIN Investors' Council Investment: Yes
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Endowments/Foundations, Family Office, Other Institutional Investors, Retail Investors
Reach Capital aims to close the educational achievement and opportunity gap in the United States by empowering educators and families, and by inspiring children. We look for opportunities where the advantages of technology can uniquely address a challenge in education, with a focus on US K-12 public schools. Specifically are target areas are 1) bringing data to bear in instructional decision making, 2) facilitating personalized learning in the classroom, 3) strengthening the connection between parent, teacher and student, 4) connecting instructional goals with the knowledge and skills required for students to become engaged, active members of their community and economy, and 5) supporting the development of age-appropriate literacy and grade-level mastery of academic materials in both English and Spanish.