Early-stage venture firm Magnify Ventures has closed its $46.6 million Fund II, with Pivotal Ventures — the investment and incubation company founded by Melinda French Gates — among its limited partners.
A Vote of Confidence from Pivotal Ventures
Pivotal Ventures has been an active backer of funds aligned with expanding opportunity and closing systemic gaps in tech and entrepreneurship. Its participation in Magnify's second fund underscores the LP's continued interest in early-stage firms with a differentiated lens.
The new fund represents a meaningful step up for Magnify Ventures, which focuses on backing founders building products at the intersection of family, work, and caregiving.
What Magnify Invests In
Magnify has carved out a distinct niche in the venture landscape by targeting companies that serve the needs of modern families and the broader "life stage" economy. Its portfolio thesis centers on markets that have historically been overlooked or underfunded by mainstream VC.
- Focus areas: family, caregiving, work-life infrastructure
- Stage: early-stage (seed and Series A)
- Fund size: $46.6 million — up from Fund I
Building on Fund I Momentum
The firm's first fund established its track record and refined its investment approach. Fund II gives Magnify additional firepower to double down on that strategy and expand its portfolio across a growing category of consumer and enterprise startups.
With institutional LPs like Pivotal Ventures now in the mix, Magnify also gains strategic credibility that could open doors for its portfolio companies well beyond capital alone.
