Operator Collective Management, L.L.C.
SEC exempt reporting adviser (venture capital exemption).
- HQ
- CA
Operator Collective Management is a B2B venture capital firm that connects founders to enterprise operators. Its portfolio includes companies such as Vercel, Ramp, Clay, Lovable, Fireworks, Greptile, and Glow. The firm lists many other companies across AI, data, and software in its portfolio.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Not stated | Not enough dated deals | None |
| Sectors | Not stated | Not enough dated deals | Enterprise SaaS |
| Regions | Not stated | Not enough dated deals | None |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2020 | 3 | Enterprise SaaS, AI applications, Data analytics |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Operator Collective Activate Fund, L.P. Operator Collective is a B2B venture capital firm that connects founders to enterprise operators. It backs companies and offers founders access to a network of executives who are building and scaling tech companies. Inferred from the firm's website | approx. 2025 | $50M (Form D) | Raising |
| Operator Collective Fund III - Q, L.P. Operator Collective is a B2B venture capital firm that connects founders to enterprise operators. It backs companies and offers founders access to a network of executives who are building and scaling tech companies. Inferred from the firm's website | approx. 2025 | $125M (Form D) | Raising |
| Operator Collective Fund III, L.P. Operator Collective is a B2B venture capital firm that connects founders to enterprise operators. It backs companies and offers founders access to a network of executives who are building and scaling tech companies. Inferred from the firm's website | approx. 2025 | $15M (Form D) | Raising |
| Operator Collective Capital III, L.P. Operator Collective is a B2B venture capital firm that connects founders to enterprise operators. It backs companies and offers founders access to a network of executives who are building and scaling tech companies. Inferred from the firm's website | approx. 2024 | $5.25M (Form D) | Open, writing first checks |
| Operator Collective Fund II-Q, L.P. | approx. 2021 | $90M (Form D) | Follow-ons only |
| Operator Collective Fund II, L.P. | approx. 2021 | $10M (Form D) | Follow-ons only |
03 · People across funds
- Mallun Yen, Managing Director of the General Partner
Operator Collective Activate Fund, L.P. (Named on Form D); Operator Collective Fund III - Q, L.P. (Named on Form D); Operator Collective Fund III, L.P. (Named on Form D); Operator Collective Capital III, L.P. (Named on Form D); Operator Collective Fund II-Q, L.P. (Named on Form D); Operator Collective Fund II, L.P. (Named on Form D)
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- https://operatorcollective.com/
- https://airtable.com/embed/shrUMZm8JtYK6JvZb
- https://www.operatorcollective.com/insights
- https://www.operatorcollective.com/portfolio-companies
- https://www.operatorcollective.com/
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026