Collide Capital has announced the closing of its $95 million Fund II, targeting early-stage innovators in fintech, supply chain, and the future of work.
The New York-based firm, after a 13-month fundraising effort, aims to expand its support for diverse founders building transformational technologies.
From Fund I to Accelerated Growth
Founded in 2021 by Brian Hollins and Aaron Samuels, Collide Capital previously closed its debut $66 million Fund I in 2022, marking one of the largest Black-owned first-time venture funds.
To date, the firm has backed 75 companies, partnering with leaders from big tech, philanthropy, and academia to drive capital to promising startups.
This new fund builds on that momentum, broadening the limited partner base that already includes heavyweights like Amazon, Alphabet, and institutional investors.
Investment Thesis and Market Impact
Collide Capital's thesis centers on early-stage SaaS and consumer startups tackling global challenges, with a focus on underrepresented founders often overlooked by traditional VCs.
The raise comes amid a shifting venture landscape where future-of-work solutions are critical for addressing remote collaboration, automation, and workforce evolution post-pandemic.
Fintech investments will prioritize embedded finance and payment innovations, sectors seeing explosive growth amid digital economy expansion.
By injecting capital into these areas, the fund promises significant impact, fostering economic inclusion and technological advancement for underserved communities.
Looking ahead, Collide Capital plans to scout more aggressively through its network, equipping portfolio companies with resources for institutional scaling.
This milestone underscores the rising influence of Black-owned VC firms in reshaping startup funding dynamics.
Maria Lourdes
