Collide Capital has closed its oversubscribed $95 million Fund II, bringing its total assets under management to more than $170 million. The fund was raised in 13 months and will be invested over the next 3.5 years. Collide will focus on pre-seed to Series A startups in fintech, supply chain, and the future of work, with investments ranging from $1 million to $3 million.
Brian Hollins and Aaron Samuels started Collide Capital in 2021, drawing on their backgrounds in community development before moving into venture capital. The two met at AfroTech in 2016 and began investing together.
The firm focuses on sector expertise and building strong networks. Portfolio companies receive introductions to procurement and revenue teams at Fortune 500 companies, as well as cloud and computing credits from Amazon, Microsoft, Alphabet, and Anthropic. Collide also connects startups with institutional lenders for financing. Fund II limited partners, such as UC Regents, Goldman Sachs, JPMorgan, Accolade Partners, and Fairview Capital, help expand this network.
Collide started with an exploratory Fund Zero in 2019, then closed a $66 million Fund I in 2022. The firm reports top-quartile TVPI (total value to paid-in capital) for both funds, which is an important metric for institutional investors evaluating new managers.
Collide now has 75 portfolio companies and five exits. The firm is large enough to spot trends but still small enough to lead funding rounds at the pre-seed and seed stages, where its network is most useful. Its portfolio includes Slang.ai, Rheaply, Culina Health, Helios, Coldcart, and Tandem, covering AI enterprise tools, sustainability infrastructure, and fintech platforms.
In addition to investing, Collide runs Collide Campus, an undergraduate program at over 20 universities, including Harvard, Johns Hopkins, and Stanford. The firm also offers an MBA Fellowship, where graduate students work with the Collide team as investors and apprentices. More than 50 students have finished the program, and some alumni now work at General Catalyst and other top firms.
The fund plans to invest in at least 30 companies during its investment period.
