NewsNTech
Magnify Ventures, a Los Angeles-based early-stage venture capital firm, has announced Fund II with a mandate to back AI infrastructure companies targeting the care economy.
Pivotal Ventures is among the limited partners backing the new vehicle, alongside other institutional investors.
The firm's thesis centers on replacing what it describes as fragmented legacy systems that currently underpin care delivery.
The Commercial Case Against Fragmentation The care economy — broadly covering childcare, elder care, disability services, and related sectors — has long run on disconnected software, manual handoffs, and paper-based workflows.
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