Collab Capital Closes $75M Fund II With Backing from Apple and Goldman Sachs

Venture capital firm Collab Capital has closed a $75 million Fund II to back founders solving real-world problems.

Fund II limited partners include Apple, Leon Levine Foundation, California IBank, and the External Investing Group at Goldman Sachs Asset Management.

Fund II will invest in early-stage startups that address foundational needs in work, healthcare, and community infrastructure—three critical areas that the firm refers to as “the building blocks of shared prosperity.”

A Fund For Founders Solving Real-World Problems

Collab Capital was founded in 2020 by Barry Givens, Justin Dawkins, and Jewel Burks Solomon, who gained Silicon Valley prominence as the first head of Google for Startups US.

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The raise follows the success of Collab’s $50 million Fund I and brings new and returning limited partners into the fold, bringing the firm’s total assets under management to $125 million.

“Fund I showed us what’s possible when you back the right people with the right support,” said Jewel Burks Solomon, co-founder and managing partner. “Fund II is about scaling that belief and deepening our conviction that proximity is power and that founders closest to the problem are best positioned to solve it. We’re investing in the infrastructure of an inclusive economy, where real solutions generate real returns for our communities and for our investors.”

With Fund II, Collab Capital will focus exclusively on Seed and Series A investments. They’ll continue to target companies led by founders who are, in Collab’s words, “best equipped to solve real-world, consequential problems through unique market expertise and lived experience.”

Collab’s Refined Strategy for Continued Success

After the success of Fund I, Collab has continued to shape its investment model around three thematic pillars:

• Economic Mobility: Platforms preparing the workforce for an AI-powered economy and driving economic mobility at scale by expanding access to high-paying jobs; bridging the skills gap; and ensuring equitable access to capital and resources.
• Healthcare Access: Healthcare innovations expanding access, closing equity gaps, and delivering better outcomes through scalable, tech-enabled care models.
• Community Infrastructure: Modern infrastructure solutions reimagining how communities access power, transportation, broadband, housing, and food through models built for resilience and scale.

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These themes serve as both a strategic filter for Fund II and a long-term vision for the firm. Furthermore, they focus investment on areas where changing demographics, systemic inequities, and market inefficiencies intersect.

Through its inaugural fund, Collab invested in 38 companies, comprising a portfolio that delivered marked results, validating the firm’s investment thesis. Since its initial investment in 2020, portfolio companies have achieved million-dollar revenue months, secured national contracts, and reached cash flow positive. 

Standouts like Hairbrella, Revry, Intus Care, Goodr, and Culina Health exemplify this momentum. This illustrates how financial rigor combined with mission alignment can generate both meaningful impact and competitive returns.

Collab Capital’s Support Beyond Funding

Through Fund II, Collab will deploy $1 to $2 million into approximately 30 companies over five years, with 40 percent reserved for follow-on investments in top-performing portfolio companies. 

Six companies have already received investments, including SparkCharge, the world’s first mobile, off-grid EV charging platform for fleets, and River Health, a telehealth provider delivering affordable, membership-based healthcare for millions of hourly and uninsured workers. Another notable investment is A0, a platform that transforms mobile development by using AI to generate fully-functional React Native apps in minutes.

Collab’s “collaboration-as-a-service” framework, developed and tested in Fund I, has evolved to provide even deeper, relationship-driven support for its portfolio companies. 

This model connects founders to strategic guidance, operational resources, and meaningful connections designed to unlock scale. Support includes personalized coaching, go-to-market planning, warm introductions with enterprise partners, and follow-on investors.

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The firm has also expanded its support offerings to include an Executive-in-Residence program. This will provide on-demand expertise in high-growth sectors like artificial intelligence and fintech. Dr. Nashlie Sephus, a former Amazon AI leader and tech entrepreneur, serves as Collab’s inaugural AI Executive-in-Residence. 

Additionally, Collab Capital hosts Strategic Town Halls, a quarterly event featuring top industry experts who lead sessions on topics such as AI implementation, enterprise sales, company culture, and economic outlooks.

Collab prioritizes founder well-being, offering free therapy sessions to every founder in its portfolio through a partnership with CWC Coaching and Therapy. This reflects the firm’s belief that sustainable companies start with supported leaders.

“We believe this is the time to lean in, not pull back. Our investment partners understand that alpha lives where others aren’t looking. Fund II is designed to be a flywheel where early investment, deep founder support, and long-term partnership build momentum and multiply outcomes,” Barry Givens, co-founder and managing partner, said. 

“Jewel and I built Collab to be the firm we wish we had when we were starting out. The impact extends far beyond the companies themselves. It creates jobs, economic mobility, and generational wealth.”

Image Credit: Collab Capital