Melinda Gates’ venture firm backs Magnify Ventures’ $46.6M Fund II

• 💰 Early-stage firm Magnify Ventures has successfully closed its second fund with a total of $46.6 million in capital.
• 🤝 The fund received significant backing from high-profile LPs, most notably Melinda French Gates’ investment firm, Pivotal Ventures.
• 🏠 This fresh capital will be used to continue the firm's focus on investing in startups that innovate within the care economy and household technology sectors.