
Operator Collective
Description
Operator Collective is a San Francisco-based venture fund distinguished by its unique model, which integrates a robust community of experienced operators directly into its investment strategy. Founded by Kara Nortman and Kaitlin Christine, the firm leverages the collective expertise of over 300 diverse operators, who also serve as limited partners (LPs) in the fund. This community, notably comprising 80% women and 40% people of color, provides invaluable strategic guidance, due diligence support, and network access to portfolio companies, offering a significant competitive advantage.
Operator Collective primarily targets early-stage companies, typically from seed to Series A, with a strong emphasis on B2B software, fintech, and select consumer technology sectors. The firm's investment capacity has grown significantly since its inception. Their first fund closed at $50 million in 2019, followed by a $100 million Fund II in 2021, demonstrating a rapid increase in capital deployment capabilities.
With the closing of their $150 million Fund III in 2023, Operator Collective now manages a total of $300 million in assets under management. This increased capital allows them to write larger initial checks and participate more substantially in follow-on rounds. Their unique value proposition lies not just in providing capital, but in the unparalleled operational support and strategic insights derived from their extensive network of seasoned professionals, aiming to accelerate the growth and success of their portfolio companies.
Investor Profile
Operator Collective has backed more than 55 startups, with 3 new investments in the last 12 months alone. The firm has led 4 rounds, about 7% of its total and boasts 3 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Seed, Series B rounds (top funding stages).
- Majority of deals are located in United States.
- Strong thematic focus on Software, SaaS, Artificial Intelligence (AI).
- Typical check size: $1M – $5M.
Stage Focus
- Series A (38%)
- Seed (36%)
- Series B (13%)
- Pre Seed (5%)
- Series Unknown (4%)
- Series C (2%)
- Series F (2%)
Country Focus
- United States (96%)
Industry Focus
- Software
- Saas
- Artificial Intelligence (Ai)
- Enterprise Software
- Machine Learning
- Sales Automation
- Business Intelligence
- Information Technology
- Health Care
- Medical
Frequently Asked Questions
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