Fund profile / United States

Magnify Ventures Fund II

Geography: United States
Stage: Pre-Seed
Fund size: $46.6M
Focus: AI/ML, Digital Health and FemTech
Signals: Published

N°01 / About

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.

N°02 / Thesis

Investment Focus

Location / RegionUnited States

Funding StagePre-Seed

Industry Focus

AI/ML

Digital Health

FemTech

Investor Signals Profile

active

Sweet Spot

Founder rebuilding family care systems with AI infrastructure layer

care economy AI

family fintech

aging-in-place

health-wealth-family

care infrastructure

longevity

assistive robotics

value-based care

family cybersecurity

workplace benefits

at-home healthcare

prenatal/maternal

family mental health

Bullish Signals

Pivotal Ventures returned as anchor LPwebsite

~$100M total AUM across two fundswebsite

Care Summit 2024 launched, market-definingwebsite

Unum Fortune 500 insurer as strategic LPwebsite

Fund II focused on AI infrastructure layerwebsite

$46M Fund II closed with Melinda French Gatesexternal

12+ portfolio companies across full care spectrumwebsite

Ecosystem builder: RAISE Global, Care Summitwebsite

Portfolio highlights: genetic testing, elder AI, scam protectionexternal

Care Summit 2024 catalyzes partnerships & investmentsexternal

Contrarian Signals

Fund II slightly smaller than Fund Iwebsite

Care economy exits unproven at scaleexisting

Founder Do's

Build AI infrastructure reshaping family systems

Target prenatal, maternal, mental health, aging

Show AI cost-reduction or access impact

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

Leverage Pivotal Ventures, Unum, RAISE network

Redesign enduring family systems fundamentally

Founder Don'ts

Pitch direct-to-consumer care services

Build without AI cost-reduction thesis

Ignore family-centric system redesign angle

23 signals on Magnify Ventures Fund II

10 bullish · 2 contrarian · 6 pitch do's · 3 don'ts · 2 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size$46.6M

Saves0

Website

People

Key People

Joanna Drake, Julie Wroblewski

Joanna DrakeCo-Founder & Managing Partner

Julie WroblewskiCo-Founder & Managing Partner

N°04 / See also

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