A new $95 million fund has been launched to support early-stage startups in fintech and future-of-work sectors. Collide Capital closed its second fund on Thursday, marking a significant step in backing companies reshaping traditional industries.
The fund is led by Brian Hollins and Aaron Samuels, both former operators in venture capital and technology. Their first fund launched in 2022 with $50 million, backing 18 companies. This second fund nearly doubles that capacity, allowing Collide Capital to invest in more startups at the seed and Series A stages.
Collide Capital focuses on startups using technology to improve financial services or redefine how people work. The fund’s investments include companies in payments, lending, HR software, and remote collaboration tools. The partners emphasized the need for capital in startups addressing inefficiencies in financial and labor markets.
The announcement comes as venture funding slows after years of rapid growth. Despite tighter capital markets, Collide Capital’s new fund signals confidence in early-stage fintech and future-of-work companies. The firm plans to make 25 to 30 investments from Fund II, with initial checks ranging from $500,000 to $2 million.
This fund follows a trend of specialized venture funds emerging in niche sectors. Collide Capital’s approach targets founders solving real operational challenges rather than speculative bets.
Source: techcrunch.com