Magnify Ventures Fund II

About Magnify Ventures Fund II

Closed Fund II at $46.6M for AI infrastructure for the care economy — health, wealth, and family care. Pivotal Ventures (Melinda French Gates) returned as anchor. Brings total AUM to ~$100M across two funds. Pre-seed and seed checks of $250K-$2M.

Investment Focus

Location / RegionUnited States

Funding StagePre Seed

Industry Focus

Ai Ml

Digital Health

Fem Tech

Investor Signals Profile

active

Sweet Spot

Founder building AI infrastructure for health, wealth, or family care

care economy AI

health-wealth-family

aging-in-place

family fintech

longevity

Bullish Signals

Pivotal Ventures returned as anchor LPblog

~$100M total AUM across two fundsblog

Category-defining Care Summit and researchblog

Unum Fortune 500 insurer as strategic LPblog

Contrarian Signals

Fund II slightly smaller than Fund Iblog

Care economy exits unproven at scaleblog

Founder Do's

Build AI for households or care navigation

Target care economy infrastructure layer

Show how AI changes unit economics

Accept $250K-$2M pre-seed/seed check

Leverage Pivotal Ventures and Unum network

Founder Don'ts

Pitch direct-to-consumer care services

Build without AI cost-reduction thesis

Expect generalist consumer app support

Key GPs & Partners

Joanna Drake

Co-Founder & Managing Partner

community-builderthesis-drivenhands-on

Julie Wroblewski

Co-Founder & Managing Partner

community-builderthesis-driven

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Fund Overview

Fund Size$46.6M

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Website

Key People

Joanna Drake, Julie Wroblewski

Joanna DrakeCo-Founder & Managing Partner

Julie WroblewskiCo-Founder & Managing Partner