# Melinda Gates' firm backs Magnify Ventures' $46.6M second fund

Melinda Gates' venture firm, Pivotal Ventures, has invested in Magnify Ventures' second fund, which raised $46.6 million. The fund focuses on backing early-stage technology startups, particularly those led by underrepresented founders. This investment underscores ongoing interest in diversity-focused venture capital.

**Importance:** 2/5

## Sources

### Technology
- [TechCrunch](https://techcrunch.com/2026/07/02/melinda-gates-venture-firm-backs-magnify-ventures-46-6m-fund-ii/) — Thu, 02 Jul 2026 15:26:43 +0000