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Operator Collective functions as an early-stage B2B venture firm, connecting founders with a broad network of seasoned enterprise operators. It merges investment capital with direct operational expertise, providing strategic guidance and hands-on support for portfolio companies. This integrated model significantly accelerates growth and enhances B2B technology startup success.
Mallun Yen founded the firm in 2019. Her insight: traditional venture capital often lacked deep operational engagement. Leveraging her company-scaling background, Yen recognized the profound value experienced operators bring beyond capital. This led to Operator Collective's establishment on the principle that collective executive wisdom is vital for accelerating startup development.
Early-stage B2B technology founders are the primary beneficiaries, accessing funding and a powerful mentor network. Operator Collective envisions enterprise startups receiving robust support from proven leaders. Its long-term vision redefines venture success by embedding operational talent directly into the core strategies of emerging B2B innovators.
Key people at Operator Collective.
Key people at Operator Collective.
# Operator Collective: The Dream Team of Operator LPs
Operator Collective is an early-stage B2B venture firm with a mission to democratize access to venture capital and operational expertise by building a community of exceptional enterprise operators as Limited Partners (LPs). Their investment philosophy centers on the belief that the best outcomes come from teams—not just capital—so they actively engage their operator LPs in sourcing, diligence, and post-investment support. They focus on enterprise tech sectors such as SaaS, AI, data analytics, fintech, and business services, investing primarily at the seed and Series A stages. Their impact on the startup ecosystem is profound: by diversifying who has access to capital and influence, Operator Collective is reshaping the venture landscape to be more inclusive, effective, and founder-friendly.
Founded in 2019 by Mallun Yen, Operator Collective emerged from a recognition that traditional venture capital was too insular, with power concentrated among a homogenous group of investors. Yen, drawing from her own experience as an operator and investor, set out to create a fund where the people who had built and scaled major tech companies—operators—were not just passive investors but active participants. The firm’s evolution has been marked by a deliberate focus on diversity and inclusion, with over 200 operator LPs, many of whom are women and people of color, and a portfolio that reflects this diversity. The launch of Fund II further solidified their commitment to expanding access and influence beyond the traditional VC elite.
Operator Collective is riding the trend of operator-led investing, which is gaining momentum as founders seek more than just capital—they want access to networks, expertise, and real-world operational guidance. The timing is critical, as the tech industry grapples with issues of diversity, inclusion, and the need for more sustainable, founder-centric models of growth. By aligning incentives and expanding access to wealth creation, Operator Collective is influencing the broader ecosystem to become more equitable and effective. Their approach is particularly resonant in an era where the value of networks and community is increasingly recognized as a key driver of startup success.
Operator Collective is poised to continue leading the charge in operator-led venture capital, with a growing community of LPs and a portfolio that reflects the future of tech. As the demand for diverse, founder-friendly investors grows, their model is likely to inspire more funds to adopt similar approaches. The trends shaping their journey—increased focus on diversity, the rise of operator-led investing, and the importance of network effects—will only amplify their influence. Operator Collective is not just a venture fund; it’s a movement to rebuild the ecosystem from the ground up, ensuring that the next generation of founders has the support and access they need to succeed.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 12, 2026 | Santé | $7.6M Santé Seed | Bonfire Ventures, Tyler Churchill, Operator Collective, TipTop VC, Veridical Ventures | Luke Sophinos, Y Combinator, Ian Crosby, Y Combinator |
| Feb 5, 2026 | Sapiom | Sapiom Seed | Accel, Amit Kumar | Array Ventures, Coinbase Ventures, Formus Capital, Gradient, Menlo Ventures, Okta Ventures, Plug and Play, Umami Capital, Anthropic, Menlo Ventures |
| Jan 30, 2026 | Poetiq | $45.8M Seed | FYRFLY Venture Partners, Surface Ventures, Philipp Stauffer | 468 Capital, Hico Ventures, Neuron Venture Partners, Y Combinator, Y Combinator |
| Dec 17, 2025 | Clarity Pediatrics | $14.5M Series A | Victor Echevarria | City Light Capital, GingerBread Capital, Homebrew, MassMutual, Maverick Ventures, Rethink Impact, Scrub Capital |
| Dec 15, 2025 | Solve Intelligence | $40.0M Series B | Paul Bonnet, Robert Lacher | Julien Codorniou, Justin Mateen, Alex Bouaziz, Barnaby Hussey-Yeo, Cliff Obrecht, Colin M Evans, Eléonore Crespo, Harry Stebbings, Jason Boehmig, Judith Dada, Kevin Johnson, Mehdi Ghissassi, Sebastian Pollok, Shuo Wang, Thomas Wolf, Mallun Yen, Thomson Reuters, Y Combinator |
| Oct 1, 2025 | Anrok | $55.0M Series C | Spark Capital | Chemistry VC, Khosla Ventures, Sequoia Capital, Index Ventures, Sapphire Ventures |
| Sep 1, 2025 | Fleetline | $500K Seed | — | Alumni Ventures, Shine Capital, Y Combinator, Jawed Karim, Paul Graham, Rich Miner, Sam Altman, Scott Belsky, Tim Griffin |
| Sep 1, 2025 | Overmind | $6.0M Seed | Renegade Partners | Helion Venture Partners, Scheinman Angel Fund, Summit Partners, Village Global, Krishna Mehra, Dan Scheinman, Walter Kortschak, Four Rivers |
| Sep 1, 2025 | Time Atlas Labs | $2.0M Seed | — | Jett Fein, K9 Ventures, Pioneer Fund, Cristina Cordova |
| Sep 1, 2025 | nexos.ai | $35.0M Series A | Hannah Seal, Matt Miller | AirAngels, Andreessen Horowitz, Cornerstone Venture Partners, Felicis Ventures, Hanaco Ventures, Predictive VC, Sequoia Capital, Theory Ventures, XYZ Venture Capital, Y Combinator, Allison Pickens (Allison Pickens Ventures), Scott Belsky, Creandum, Dig Ventures |
| Aug 1, 2025 | Agenda Hero | $6.0M Seed | Kerry Bennett | Jett Fein, K9 Ventures, Pioneer Fund, Cristina Cordova, Tuomas Artman, Precursor Ventures |
| Jul 30, 2025 | Paribus | $500.0M Series E | ICONIQ Growth | 137 Ventures, 8VC, Altimeter, Avenir, Coatue, D1 Capital Partners, Definition Capital, Emerson Collective, Founders Fund, General Catalyst, GIC, Google Ventures, Khosla Ventures, Lux Capital, Pinegrove Venture Partners, Sands Capital, Stripes, Sutter Hill Ventures, Thrive Capital, T. Rowe Price Associates |
| Jul 1, 2025 | Julius AI | $10.0M Seed | — | Accel, Andreessen Horowitz, Axiom Partners, Bee Partners, Blue Bear Capital, C2 Investment, Contrary Capital, CRV, Index Ventures, Lightspeed Venture Partners, Lowercarbon Capital, Next Play Ventures, Sequoia Capital, South Park Commons, Stash Ventures, Sutter Hill Ventures, SV Angel, UP.Partners, Webb Investment Network, Y Combinator, Akshay Kothari, Alexandre Prot, Amjad Masad, Arash Ferdowsi, Balaji Srinivasan, Bradley Horowitz, Claire Hughes Johnson, Deborah Liu, DJ Patil, Don Dodge, Drew Houston, Dylan Field, Elad Gil, Eoghan McCabe, Fidji Simo, Gloria Baeuerlein, Gokul Rajaram, Guillaume Princen, Guillermo Rauch, Hanno Renner, Howie Liu, Jean Charles Samuelian, Job Van Der Voort, Jonathan Wasserstrum, Kevin Lin, Koen Bok, Kyle Vogt, Marc Benioff, Mike Volpe, Pawan Deshpande, Sahin Boydas, Sam Altman, Sam Palmisano, Shishir Mehrotra, Tobias Lutke, Tom Blomfield |
| Jul 1, 2025 | OnParty | $1.0M Seed | — | Index Ventures, NewFund, Stash Ventures, Akshay Kothari, Alexandre Prot, Charles Gorintin, Claire Hughes Johnson, Gloria Baeuerlein, Guillaume Princen, Hanno Renner, Job Van Der Voort, Saturnin Pugnet |
| Jul 1, 2025 | Lovable | $200.0M Series A | Accel, Ben Fletcher | byFounders, Creandum, CRV, Flex Capital, Heavybit, Hummingbird Ventures, La Famiglia, Pareto Holdings, RTP Global, TenOneTen Ventures, Uncork Capital, Adam D'Angelo, Ben Tossell, Charlie Songhurst, Chris McKillop, Christian Reber, Dharmesh Shah, Fredrik Hjelm, George Kurtz, Job Van Der Voort, Melissa Tan, Robert Muñoz, Stefan Lindeberg, Stewart Butterfield, Charlie Songhurst, Sebastian Siemiatkowski, Thomas Wolf, 20VC, Visionaries Club |
| Jul 1, 2025 | Sundial | $23.0M Series A | Dj Patil | Accel, Alt Capital, Bee Partners, Blue Bear Capital, Browder Capital, Contrary Capital, Jenny Fielding, Scott Hartley, Founders Fund, Freestyle Capital, FTX Ventures, Lightspeed Venture Partners, Meritech Capital Partners, Mischief Venture Capital, Next Play Ventures, Redpoint Ventures, Saga, Sequoia Capital, South Park Commons, Summit Partners, Sutter Hill Ventures, TCV, The Hit Forge, UP.Partners, Vela Partners, Webb Investment Network, Amjad Masad, Arash Ferdowsi, Balaji Srinivasan, Bradley Horowitz, Christina Cacioppo, Deborah Liu, Dharmesh Shah, DJ Patil, Don Dodge, Drew Houston, Dylan Field, Elad Gil, Fidji Simo, Howie Liu, Immad Akhund, Jason Lemkin, Jonathan Neman, Jonathan Wasserstrum, Joshua Reeves, Julian Shapiro, Justin Mateen, Koen Bok, Kyle Vogt, Marc Benioff, Max Mullen, Parker Conrad, Sahin Boydas, Sam Altman, Scott Belsky, Scot Wingo, Sean Rad, Shishir Mehrotra, Siqi Chen, Tobias Lutke, Anil Varanasi, Brian Hale, Jay Parikh, Ruchi Sanghvi, Electric Capital, Slow Ventures, Sunflower Capital, Tribe Capital, Unusual Ventures |
| Jul 1, 2025 | Polymarket | $150.0M Series C | — | 10100, 1confirmation, Abstract Ventures, Kevin Hartz, Brainchild, Darling Ventures, Divergence Ventures, ENIAC Ventures, EQT Ventures, Felicis Ventures, Founders Fund, General Catalyst, iNovia Capital, New Form Capital, Polychain Capital, Robot Ventures, Sound Ventures, The Hit Forge, Thrive Capital, Tiger Global Management, Triatomic Capital, Balaji Srinivasan, Diego Berdakin, Dylan Field, Mark Pincus, Sahin Boydas, Stani Kulechov, Vitalik Buterin |
| Jun 1, 2025 | Decagon | $130.0M Series C | Accel, Sarah Wang | 8VC, Gautam Gupta, Kevin Hartz, A* Capital (A Star Capital), Afore Capital, Aglae Ventures, AirAngels, Airtree Ventures, Alt Capital, Andreessen Horowitz, Avenir, Avid Ventures, Bain Capital Ventures, Bessemer Venture Partners, Blackbird Ventures Australia, Bond, Cornerstone Venture Partners, Cyberstarts VC, DTCP, Endeavor Health Ventures, ENIAC Ventures, Felicis Ventures, Flex Capital, Forerunner Ventures, Greenoaks Capital, Index Ventures, Insight Partners, Kairos HQ, Kipaki Ventures, Lightspeed Venture Partners, Nasdaq Ventures, Andrew Schoen, Hans Tung, Predictive VC, Primary Venture Partners, Redpoint Ventures, Ribbit Capital, Salesforce Ventures, Sequoia Capital, SoftBank Investment Advisers, Sound Ventures, Theory Ventures, XYZ Venture Capital, Y Combinator, Aaron Levie, Allison Pickens (Allison Pickens Ventures), Bernard Arnault, Frederic Kerrest, Greg Kidd, Howard Schultz, Howie Liu, Matt Macinnis, Mike Vernal, Philippe Teixeira da Mota, Scott Belsky, A Capital, Avra Capital, Forerunner Ventures |
| Jun 1, 2025 | Tebi | $34.0M Series B | CapitalG, Alex Nichols | Forerunner Ventures, Greylock, Index Ventures, Stash Ventures, Akshay Kothari, Alexandre Prot, Claire Hughes Johnson, Gloria Baeuerlein, Guillaume Princen, Hanno Renner, Jean Charles Samuelian, Job Van Der Voort |
| May 1, 2025 | Coworker.ai | $13.0M Seed | Jeff Huber | Abstract Ventures, Darling Ventures, ENIAC Ventures, Peterson Ventures, Tenzing Capital, Triatomic Capital, Vitalize Venture Group, Y Combinator, Francis Santora, Clark Golestani, Jack Greenfield, Ken Hausman, Mallun Yen, Ramtin Naimi, Tim Young, Focal VC, Karman Ventures, Mischief, Soma Capital |
| May 1, 2025 | Unblocked | $20.0M Series A | Radical Ventures, B Capital Group | Gautam Gupta, Kevin Hartz, Accel, AI4ALL, Alkeon Capital, Alt Capital, Alumni Ventures, AME Cloud Ventures, Andreessen Horowitz, Axiom Partners, Bain Capital Ventures, Blockchange Ventures, Bond, Conviction Partners, Decibel Partners, DFJ, DTCP, Electric Capital, Expa, Forerunner Ventures, G2VP, General Catalyst, Greylock, Hanabi Capital, Hardware Club, Heretic Ventures, Innovation Endeavors, iNovia Capital, Intel Capital, InterWest, Madrona Ventures, Kazuma Ieiri, Picus Capital, Ribbit Capital, Sequoia Capital, Sherpalo Ventures, Tribe Capital, Valar Ventures, Y Combinator, Aaron Levie, Akshay Kothari, Amjad Masad, Don MacAskill, Eric Futoran, Frederic Kerrest, Howie Liu, Matt Macinnis, Mike Abbott, Mike Vernal, Neha Narkhede, Nitay Joffe, Oliver Cameron, Quinn Slack, Ron Pragides, Stewart Butterfield, Tobias Lutke, Yan-David Erlich |
| May 1, 2025 | Glide | $15.0M Series A | Acrew Capital | Act One Ventures, Alumni Ventures, American Express Ventures, Bain Capital Ventures, Adeyemi Ajao, Rexhep Dollaku, Benchstrength, Coelius Capital, Company Capital, Craft Ventures, Emergence Capital, ENIAC Ventures, f7 Ventures, Homebrew, Index Ventures, Inspired Capital, Latitud, Pear VC, Play Ventures, Precursor Ventures, PS Investments, Saga, Sequoia Capital, Stash Ventures, The General Partnership, Vamos Ventures, Visible Ventures, Y Combinator, Akshay Kothari, Alexandre Prot, Arash Ferdowsi, Claire Hughes Johnson, Emanuel Pleitez, Gloria Baeuerlein, Guillaume Princen, Hanno Renner, Jean Charles Samuelian, Job Van Der Voort, Maxime Paradis, Paul Williamson, Pathlight Capital |
| May 1, 2025 | CedarDB | $6.0M Seed | — | Index Ventures, Stash Ventures, Akshay Kothari, Alexandre Prot, Claire Hughes Johnson, Gloria Baeuerlein, Guillaume Princen, Jean Charles Samuelian, Job Van Der Voort |
| May 1, 2025 | Duna | $12.0M Seed | Index Ventures | 10100, AI4ALL, Axiom Partners, Conviction Partners, Draper Associates, E1 Ventures, First Round Capital, FORWARD.one, Gradient Ventures, Graduate Entrepreneur, Madrona Ventures, Jonathan Golden, Next47, Kazuma Ieiri, OpenCapital.vc, Radical Ventures, Runa Capital, Stash Ventures, Summit Partners, Y Combinator, Akshay Kothari, Alexandre Prot, Amjad Masad, Bastian Nominacher, Claire Hughes Johnson, Dharmesh Shah, Gloria Baeuerlein, Guillaume Princen, Hanno Renner, Jared Leto, Jean Charles Samuelian, Job Van Der Voort, Mathilde Collin, Michael Wax, Oliver Cameron, Sergei Anikin, Steve Anavi, Adriaan Mol, David Singleton, Ethan Tandowsky, Frank Slootman, Frederick Reynolds, Mariëtte Swart, Pieter van der Does, Puzzle Ventures |
| May 1, 2025 | Rillet | $25.0M Series A | Sequoia Capital | Kevin Hartz, Andreessen Horowitz, Congruent Ventures, Creandum, DGF Investimentos, FasterCapital, First Round Capital, General Catalyst, Goat Capital, ICONIQ Capital, Latitud, Lead Edge Capital, LGF, Mischief Venture Capital, monashees, Next47, Sapphire Ventures, Soma Capital, Susa Ventures, XYZ Venture Capital, Y Combinator, Bill Gates, Cristina Cordova, Gordon Wintrob, Hanno Renner, Immad Akhund, Max Mullen, Mike Vernal, Parker Treacy, Peter Reinhardt, Roland Grenke, Scott Belsky, Zack Kanter, Lee Kirkpatrick, Ron Gill |