Jewel Burks Solomon’s Collab Capital Secures $75M Fund
Collab Capital, led by Jewel Burks Solomon, has successfully closed a new $75 million fund. This significant milestone will enable Collab Capital to further its mission of investing in and supporting Black entrepreneurs who are often overlooked by traditional venture capital firms.
The Mission of Collab Capital
Collab Capital focuses on providing capital and resources to Black-owned businesses that operate within their communities. They aim to build wealth and create opportunities that can transform underserved markets. This fund represents a substantial commitment to addressing the funding gap that disproportionately affects Black founders.
Impact and Focus
With this new fund, Collab Capital plans to expand its investments in early-stage companies across various sectors. They prioritize businesses that demonstrate a clear understanding of their target market and have the potential for significant social and economic impact. Their investment strategy centers on supporting businesses that are not only profitable but also contribute to community development.
Future Investments
Collab Capital intends to use the $75 million fund to support innovative companies driving change in their respective industries. The firm will seek out ventures demonstrating sustainable growth models and the capacity to scale. Solomon and her team believe that by investing in these businesses, they can catalyze widespread economic empowerment within Black communities.
