COLLAB capital The closing of fund II price $ 75 million was announced today.
Jewel Burks Solomon, which gained importance in the Silicon Valley during its years, leading Google for Startups USA, just closed its second fund for VC Collab Capital.
Fund II costs $ 75 million (*75*) includes heavy limited partners resembling Apple, Goldman Sachs Asset Management (*75*) Leon Levine Foundation.
Solomon was a co -founder of the company together with Barry Givens in 2020 with the inaugural fund I (*75*) invested in 38 firms, including the Goodr (*75*) Culina Health waste management platform.
Fund II will proceed to support firms at an early stage-seed (*75*) series A-building in the future work, healthcare (*75*) infrastructure.
She said that this latest fund would allow Collab to “double” his mission to support promising founders dealing with large, system problems. ”
“Then there is a deeper belief, larger plants and constant proof that common prosperity is scalable and can generate competitive phrases,” said Solomon from TechCrunch.
The fund will reduce checks from 1 to 2 million USD to at least 30 firms in the next five years. He has already invested in six firms, (*75*) 40% of the fund is reserved for subsequent investments.
Solomon said that collecting this second fund was incredibly difficult (*75*) it took her (*75*) its team for almost two years.
“We moved on a hard climate macro and changed LP priorities,” she said. “But we remained involved in our vision and built strong relationships with LP, which see both urgency and the possibility of what we do.”
The announcement of Collab Capital Fund II appears as a black leader (*75*) the founded funds are still closing considerable funds. Last month, Zeal Capital Partners announced the closing of fund II $ 82 million. At the starting of this 12 months, Symphonic Capital Sydney Thomas collected an inaugural fund price USD 13.5 million, while Cherryrock Capital, founded by Stacy Brown-Pilpot, announced a fund in the amount of USD 172 million I. At the end of last 12 months Slauson & Co. He announced Fund II in the amount of $ 100 million.