Today, we’re proud to announce that we’ve raised $200 million across two new funds — Collaborative V and Collaborative Growth.
Collaborative V is our fifth early stage fund and our largest to-date at $125M (up slightly from our last early stage fund which was $100 million). We’ve also raised $75M for our first-ever growth fund, which will enable us to further support our existing portfolio companies as they scale, and back new companies at a later-stage.
With Collaborative V, our focus will continue to be supporting new businesses pushing the world forward — particularly in the categories of Climate & Sustainability, Food, Health, Kids, and Money.
It’s the same thesis that’s led us to partner with great companies like Beyond Meat, Dandelion Energy, Good Eggs, Gumroad, Lovevery, Lyft, Sweetgreen, Upstart, Whoop and more than 100 other promising early stage investments over the years.
The first question we’ve asked ourselves when evaluating new early stage investments has always been: “If this startup becomes massively successful, will it improve people’s lives?” This filter will continue to be the cornerstone of our new growth effort as well.
We’re grateful for the continued support of so many investors who have been with us since our first fund back in 2010. And we’re incredibly thankful for the many founders who have invited us to join them on their path to bringing their companies to life. We can’t wait to get to work to support the next generation of innovative businesses.
—Collaborative Fund Team