Collide Capital is a Black-owned VC firm ushering in a new era of venture capital where opportunities go to the most deserving, not the most privileged. The firm is led by two GPs who founded AfroTech and BLCK VC, and combines institutional training from Goldman Sachs, Bain and Co, Harvard Business School, and Stanford Graduate School of Business.
Following their top-quartile proof-of-concept fund, they set out to raise a $40M Fund 1 and successfully closed an oversubscribed vehicle with $66M in AUM. This fund is backed by a diverse array of LPs from Big Tech (Alphabet, Twitter), Private Equity (General Catalyst, Lightspeed, Bain Capital, Insight Partners), Philanthropy (Weinberg Foundation, George Kaiser Family Foundation), and Institutional Banking (Bank of America and Citi). The portfolio consists of 40+ companies with over 80% led by Black, Latinx, and Female founders, and the Collide Capital team works to equip their founders with the resources, knowledge networks, and hands-on operational support for a successful exit.
Stage of capital: Pre-Seed, Seed, Series A
Location: New York, NY
Fund manager diversity: Black and African American led
Diversity focus: Women, Black and African American, Hispanic-Latino, Asian American and Pacific Islander
Industry focus: General Tech- and Tech-Enabled, B2B, Fintech and Payments, Future of Work and Living (incl. Education/EdTech)
Min and max capital: $500,000 - $1,500,000