Collaborative Fund Secures $125M Fund to Address Climate, Health, and Food Issues After Success with Reddit and Scopely
The folks at Collaborative Fund certainly like a challenge.
Oh, and they decided to raise their sixth flagship fund at a time when limited partners have grown more miserly.
Collaborative recently raised $125 million for its sixth flagship fund, the firm exclusively told TechCrunch, completing the process in just over 90 days.
“This fundraising environment is tougher than any I’ve seen since starting the firm well over a decade ago,” founder and managing partner Craig Shapiro told TechCrunch.
Part of that could be the fact that Collaborative has recently returned capital to its LPs, Shapiro said.
