Collab Capital Closes $50M First Fund to Invest in Black Innovators
After over 18 months of fundraising (primarily in a global pandemic and over Meets, Zooms, Teams, and the occasional Webex), we are excited to announce the close of Collab Capital Fund I. We’ve garnered the support of 99 Limited Partners and are thrilled to have over $50M to invest in the best Black led early stage startups over the next few years. We have been intentional and specific about our focus on Black founders since 2018, when we first began planning the launch of our fund. At that time and when we began fundraising in 2019, many people told us that focusing exclusively on Black founders was too narrow and that we would not be successful in raising the fund or finding enough qualified Black founders to back. We never wavered from our mission, and are proud today to be in a position to write meaningful first checks and roll up our sleeves to help Black innovators build world class businesses that scale, create jobs, and make a positive impact.
What we do
We write checks between $500–750K, with 30% of the fund reserved for follow on investments up to $2M. We will invest in 50 startups across the US over the next 3–5 years. The majority of our investments will fund companies in our hometown of Atlanta and in cities like DC, Houston, Detroit, St. Louis, and New Orleans, which have a high…
