Collab Capital announced the closing of its second fund with $75 million in committed capital. And Fund II will invest in early-stage startups addressing foundational needs across work, healthcare, and community infrastructure: three areas that the firm calls “the building blocks of shared prosperity.”
The funding round follows the success of Collab’s $50 million Fund I and brings both new and returning limited partners into the fold, bringing the firm’s total assets under management to $125 million.
Fund II’s limited partners include Apple, Leon Levine Foundation, California IBank, and External Investing Group at Goldman Sachs Asset Management.
Through Fund II, Collab Capital will focus exclusively on Seed and Series A investments, while continuing to target companies led by founders who are “best equipped to solve real-world, consequential problems through unique market expertise and lived experience.”
With its inaugural fund, Collab invested in 38 companies, resulting in a portfolio that delivered marked results, validating the firm’s investment thesis. And since its initial investment in 2020, multiple companies have achieved million-dollar revenue months, secured national contracts, and achieved cash flow positivity. Standouts like Hairbrella, Revry, Intus Care, Goodr, and Culina Health exemplify this momentum, illustrating how financial rigor combined with mission alignment can generate both meaningful impact and competitive returns.
Via Fund II, Collab will be deploying $1 million to $2 million into approximately 30 companies over five years, with 40 percent reserved for follow-on investments in top-performing portfolio companies. Six companies have already received investments, including:
— SparkCharge – the world’s first mobile and off-grid EV charging platform for fleets
— River Health – a telehealth provider delivering affordable, membership-based healthcare for the millions of hourly and uninsured workers that traditional systems leave behind
— A0 – A platform transforming mobile development by using AI to generate fully-functional React Native apps in minutes
KEY QUOTES:
“Fund I showed us what’s possible when you back the right people with the right support. Fund II is about scaling that belief and deepening our conviction that proximity is power and that founders closest to the problem are best positioned to solve it. We’re investing in the infrastructure of an inclusive economy, where real solutions generate real returns for our communities and for our investors.”
Jewel Burks Solomon, co-founder and managing partner
“We believe this is the time to lean in, not pull back. Our investment partners understand that alpha lives where others aren’t looking. Fund II is designed to be a flywheel where early investment, deep founder support and long-term partnership build momentum and multiply outcomes. Jewel and I built Collab to be the firm we wish we had when we were starting out. The impact extends far beyond the companies themselves. It creates jobs, economic mobility, and generational wealth.”
Barry Givens, co-founder and managing partner
