Collide Capital, a Brooklyn, NY-based black-owned venture capital firm, closed its Fund I, at $66m.
Collide is backed by Amazon, Alphabet, and Twitter, is also anchored by the University of California Endowment. Additional LPs joining the fund include Bank of America, Citi, Northwestern Mutual, Bain Capital, Insight Partners, and Lightspeed Venture Partners, among others.
Co-founded by Managing Partners Brian Hollins and Aaron Samuels, Collide Capital aims to direct investment to the founders most prepared to build generational companies. To date, the firm has backed over 40 companies, of which more than 80% are led by Black, Latinx, or Female Founders.
FinSMEs
27/10/2022