Atlanta-based venture capital firm Collab Capital, led by Jewel Burks Solomon, has successfully closed its second fund, Fund II, with an impressive $75 million in committed capital. This milestone brings the firm's total assets under management to $125 million, reinforcing its mission to support early-stage startups founded by historically underfunded entrepreneurs.
Founded in 2019 by Jewel Burks Solomon, former head of Google for Startups US, and Barry Givens, Collab Capital focuses on driving innovation in key sectors such as work, healthcare, and infrastructure. The firm aims to create shared prosperity by investing not only financial capital but also human and network resources into promising startups.
The announcement of this new fund comes at a time when Black-led venture capital firms are gaining significant traction, closing sizable funds to address systemic inequities in the tech and startup ecosystem. Collab Capital’s efforts are a beacon of progress, providing critical support to founders who have traditionally faced barriers to funding.
With its first fund of $50 million, Collab Capital has already invested in 38 early-stage startups, including notable ventures like Goodr, a food waste startup making waves in Atlanta with innovative community initiatives. The success of these investments highlights the firm's ability to identify and nurture high-potential businesses.
Fund II has attracted heavyweight limited partners, including industry giants like Apple and Goldman Sachs, signaling strong confidence in Collab Capital’s vision and strategy. This backing will enable the firm to scale its impact and continue championing inclusive innovation.
As Collab Capital moves forward with this new capital, the focus remains on empowering underrepresented founders to build transformative solutions. The firm’s commitment to diversity and equity in the startup world is poised to create lasting change, one investment at a time.
Maria Lourdes
