Collab Capital, co-founded by Jewel Burks Solomon, has successfully closed its second fund at $75 million, following a $50 million inaugural fund. Fund II will support early-stage startups in sectors like future of work and healthcare, aiming to invest between $1 million and $2 million in at least 30 companies over the next five years. Notably, the fund has already made six investments and reserved 40% for follow-ons. Despite challenges in raising the fund amidst a difficult macroeconomic climate, the firm remains committed to its vision of shared prosperity and addressing systemic issues faced by founders.
"We were navigating a tough macro climate and shifting LP priorities. But we stayed committed to our vision and built strong relationships with LPs who see both the urgency and the opportunity in what we're doing."
"What's next is deeper conviction, bigger bets, and continued proof that shared prosperity is scalable and can generate competitive returns," Solomon told TechCrunch.
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