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Collab Capital announced today the closure of a fund of $ 75 million II.
Jewel Burks Solomon, who has gotten importance in Silicon Valley during his years that runs Google for US startups, has just closed its second fund for its company VC Collab Capital.
Fund II costs $ 75 million and includes limited heavyweight partners like Apple, Goldman Sachs Asset Management and Leon Levine Foundation.
Salomon co -founded the company in 2020 with an inaugural fund of $ 50 million I and invested in 38 companies, including the Goodr and Culina Health waste management platform.
Fund II will continue to support start -up companies – seeds and A – Building series in the future of work, health care and infrastructure.
She said that this last fund will allow the collaboration of collaboration of “double” on its mission to support the promising founders attacking important and systemic problems. »»
“The next step is a deeper conviction, larger bets and continuous proof that shared prosperity is scalable and can generate competitive yields,” Solomon told Techcrunch.
The fund will reduce checks between $ 1 and $ 2 million to at least 30 companies over the next five years. He has already invested in six companies, while 40% of the fund is reserved for follow -up investments.
Solomon said that the collection of this second fund was incredibly difficult and that she had taken her and her team for almost two years.
“We are sailing in a difficult macro climate and changing LP priorities,” she said. “But we have been attached to our vision and have established solid relations with the LPs which see both the urgency and the opportunity in what we do.”
The announcement of COLLA CAPITAL Fund II intervenes while the funds led by black and founded continues to close large funds. Last month, Zeal Capital Partners announced the fence of a fund of $ 82 million II. Earlier this year has seen Sydney Thomas symphonic capital collected an inaugural fund of $ 13.5 million, while Cherryrock Capital, founded by Stacy Brown-Philpot, announced a fund of $ 172 million I. At the end of last year, Slauson & Co. announced a fund of $ 100 million II.
