Early-stage agency Enlarge Ventures has raised $46.6 million for its second fund from LPs, together with Melinda French Gates’ Pivotal Ventures.
Based in 2021 by Joanna Drake and Julie Wroblewski, Enlarge invests in firms that concentrate on the care financial system, equivalent to these constructing assistive robotics, household cybersecurity, and AI for dwelling use.
The agency mentioned Fund II will spend money on firms that construct AI instruments for households, well being and residential methods, and fintech infrastructure for households.
The enterprise agency final raised a $52 million Fund I in 2022 (Pivotal Ventures anchored that fund) and has backed childcare startup Kinside and kids’s expense administration startup Till Financial (during which Pivotal Ventures was additionally an investor).
Pivotal Ventures typically acts as a GP and LP, backing firms constructing within the care financial system. Its investments embody caregiving startups Papa (during which Enlarge Ventures was additionally an investor) and Seen Well being.
