Collab Capital announced today the close of a $75 million Fund II.
Jewel Burks Solomon, who rose to prominence in Silicon Valley during her years running Google for Startups US, has just closed her second fund for her VC firm Collab Capital.
Fund II is $75 million and includes heavyweight limited partners like Apple, Goldman Sachs Asset Management, and The Leon Levine Foundation.
Solomon co-founded the firm alongside Barry Givens in 2020 with an inaugural $50 million Fund I and invested in 38 companies, including the waste management platform Goodr and Culina Health.
Fund II will continue to back early-stage companies — seed and Series A — building in the future of work, healthcare, and infrastructure.
She said this latest fund will let Collab Capital “double down” on its mission of supporting promising founders tackling big, systemic problems.”
“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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The Fund will cut checks ranging between $1 and $2 million to at least 30 companies across the next five years. It has already invested in six companies, while 40% of the fund is reserved for follow-on investments.
Solomon said raising this second fund was incredibly hard and it took her and her team nearly two years.
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