- Silicon Valley-based venture capital firm Operator Collective announced that it raised $45 million in committed capital from over 100 operators
Operator Collective — a Silicon Valley-based venture capital firm — has raised $45 million in committed capital from over 100 operators, according to Crunchbase. This fund is $15 million more than its target of $30 million.
Operator Collective founder and partner Mallun Yen told Crunchbase that one of the goals of the fund is to bring leading operators together. For this fund, 90% of the fund LPs are women and 40% are people of color.
The LPs in this fund include Stripe COO Claire Hughes Johnson, Gusto COO Lexi Reese, Lime CTO Li Fan, and Slack CCO Christina Crawford Kosmowski. Some of the institutional funds that invested with these operators include Kapor Capital, Perkins Fund, Bloomberg Beta, Gingerbread Capital, University of Minnesota, Michigan State University, and the WK Kellogg Foundation. The fund will be focused on B2B companies that have product fit and revenue.
Leyla D. Seka is also a partner at Operator Collective. Seka is the former EVP of Mobile at Salesforce and also currently serves on the board of directors of Girls Who Code. Some of Operator Collective’s portfolio investments include Guild Education, IronClad, Workstream, and DataGrail.
The core team at Operator Collective also includes operating partner Ambrosia Vertesi, chief content officer Ruthie Miller, events & operations head Jill Durfee, VP of Administration Monique Covington, and committee members Monique Covington, JJ Ramberg, and Susan Kimberlin. And the fund advisors include TaskRabbit CEO Stacy Brown-Philpot, Confluent president of field operations Eric Schultz, PagerDuty CEO Jennifer Tejada, Zoom CEO & founder Eric Yuan, angel investor Dan Scheinman, and entrepreneur and venture capitalist Magdalena Yesil.
