PayPal is one of 99 limited partners to have committed to the debut fund for the black entrepreneur-focused venture capital firm.
Collab Capital, a US-based venture capital firm focused on black entrepreneur-led startups, has closed its debut fund at $50m with a commitment from digital payment services provider PayPal.
Collab Capital Fund I has been backed by 99 unnamed limited partners according to a Medium post by the firm. It was founded in 2018 and began fundraising for the vehicle the following year.
PayPal announced last week it had made a commitment to Collab’s fund as part of a wider…
