Collab Capital has announced the close of its $75 million Fund II—an expansion of its commitment to back founders building solutions around the future of work, care, and community.
With this new raise, the Atlanta-based firm now manages $125 million in assets, cementing its position as one of the leading Black-led VC firms in the U.S.
Fund II will focus on Seed and Series A investments in high-growth, tech-enabled companies addressing foundational needs. This strategy reflects Collab’s continued focus on what it calls “the building blocks of shared prosperity,” with investments that aim to generate both financial returns and systemic impact.
This new fund brings a mix of new and returning LPs, including Apple, the Leon Levine Foundation, California IBank, and Goldman Sachs Asset Management’s External Investing Group.
Collab’s first fund, launched in 2020, invested in 38 companies—several of which have reached million-dollar revenue months, secured national contracts, and become cash-flow positive. Standout portfolio companies include Hairbrella, Goodr, Revry, Intus Care, and Culina Health.
Fund II has already backed six companies, including:
- SparkCharge – mobile, off-grid EV charging infrastructure
- River Health – affordable telehealth for underserved workers
- A0 – an AI-powered platform that builds fully functional mobile apps in minutes
Beyond capital, Collab continues to evolve its “collaboration-as-a-service” model, providing founders with strategic guidance, coaching, enterprise connections, and operational support. Initiatives like their Executive-in-Residence program—featuring AI expert Dr. Nashlie Sephus—and quarterly Strategic Town Halls reflect their deep investment in founder success.
They’ve also prioritized founder well-being, offering free therapy sessions through a partnership with CWC Coaching and Therapy. Collab’s approach reflects a belief that sustainable companies start with supported leaders.
Fund II will invest in approximately 30 companies over five years, with 40% of capital reserved for follow-on investments in top performers.
by Tony O. Lawson
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