Black-Led ‘Collide Capital’ Closes $66M Debut Fund With Backing From Amazon, Alphabet And Twitter

Essence Magazine:

By Jasmine Browley· Updated October 31, 2022

Recent reports have shown a dramatic drop in venture capital investment in Black-owned companies, with just about 0.43% of the nearly $43 billion deployed in Q being raised by Black founders.

Collide Capital is aiming to significantly close this gap.

One of the largest Black-owned first time funds, Collide recently announced the close of its debut, which tops out at $66M. Per a news release,

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