CTA Invests in Collab Capital, As Part of its $10M Commitment
Prior to this, CTA has invested in Harlem Capital Partners, SoGal Ventures, Rethink Impact, Founders First Capital Partners and Plum Alley.Â
SEATTLE (Scrap Monster): The Arlington-headquartered Consumer Technology Association (CTA) announced investment in Collab Capital, as part of its $10 million commitment to firms and funds that invest in women, people of color and other underrepresented entrepreneurs. This is the sixth such investment by the association. Prior to this, CTA has invested in Harlem Capital Partners, SoGal Ventures, Rethink Impact, Founders First Capital Partners and Plum Alley.
Collab Capital is a new capital investment firm that focuses on startups that provide innovative solutions for the future of learning, work and care. The firm is led by Jewel Burks Solomon, Justin Dawkins and Barry Givens and is designed to invest explicitly in Black founders.
Tiffany Moore, SVP, political and industry affairs, CTA noted that the commitment of the team at Collab Capital resonates with CTA’s goal to drive growth of the tech industry by leveraging the best and diverse talent.
Jewel Burks Solomon said that Collab Capital is excited to partner with CTA, which has helped it to close the $50 million debut fund to back Black founders. The investment will help to narrow the racial wealth disparity and drive sustained economic recovery across the U.S., added Jewel.