Operator Collective

Quick read

Operator Collective (OpCo) is a seed-stage venture fund founded in 2019 and headquartered in San Francisco, CA. It runs a 'Collective Venture Model' that pools 200+ senior tech executives as LP-operators who actively support portfolio companies. The firm focuses exclusively on enterprise and B2B tech, with 45 portfolio companies and 5 unicorns to date.

Key facts

Founded

2019

Founders

Mallun Yen

Employees

11-50

Sectors

enterprise, saas, fintech

Website

www.operatorcollective.com

Investment thesis

OpCo invests at the seed stage in enterprise and B2B technology companies, pairing capital with a network of 200+ senior operator LPs who provide direct access to enterprise buyers, strategic partners, and functional expertise across sales, finance, marketing, and product.

Recent activity

• Jun 2026investment
  Operator Collective's most recent recorded investment closed on 14 Jun 2026, backing Nox Metals, a business/productivity software company — bringing the firm's total investment count to 122. pitchbook.com
• Aug 2026investment
  Operator Collective participated in Fireworks AI's $1.5 billion Series D at a $17.5 billion valuation, led by Atreides Management, Index Ventures, and TCV. linkedin.com
• Aug 2026investment
  Seedtable signals show the firm made 4 investments in the 90 days to 5 Aug 2026, actively writing cheques without leading any of those rounds. seedtable.com
• Jul 2026investment
  Operator Collective wrote its first cybersecurity cheque, backing Glow — a new sector for the firm as of 22 Jul 2026. seedtable.com
• 2026press
  OpCo Intelligence published the final article in its State of AI Transformation 2026 series, drawing on survey responses from 123 senior operators in the firm's LP and portfolio network on AI adoption blockers and tool preferences. linkedin.com
• 2026press
  The firm hosted a fireside chat featuring Ashley Kramer (global enterprise GTM, OpenAI) and Alison Wagonfeld (first CMO, NVIDIA), covering the full arc of enterprise AI adoption from model to infrastructure. linkedin.com
• Jul 2026press
  Operator Collective published a portfolio company profile on Fireworks, spotlighting open model infrastructure, authored by Mallun Yen. operatorcollective.com
• Jun 2026investment
  Operator Collective invested in Nox Metals, its most recent recorded deal per PitchBook, on 14 June 2026. pitchbook.com
• Jun 2026press
  Operator Collective published an Operator Spotlight featuring Ana Pinczuk, President and Chief Product & Technology Officer at SentinelOne. operatorcollective.com
• 2026product
  OpCo released the final article in its 'State of AI Transformation' series, drawing on survey responses from 123 senior operators across its LP and portfolio network. The research covers what operators want from AI tools, adoption blockers, and gaps in current enterprise AI offerings. linkedin.com
• 2026press
  OpCo hosted its inaugural AI Transformation Exchange, co-led by founding LPs Claire Hughes Johnson and Erica Ruliffson Schultz, gathering 75 senior enterprise tech executives from companies including Stripe, Databricks, Datadog, and Anthropic. The event anchored on findings from the first OpCo Intelligence State of AI Transformation report, covered by Axios. operatorcollective.com
• 2026press
  Operator Collective held its annual Spring Gathering, bringing together operator LPs, portfolio founders, and institutional investors. Partners included Egon Zehnder, Orrick Herrington & Sutcliffe, Mercer Advisors, Cooley LLP, and Goldman Sachs. linkedin.com

Notable investments

• Nox MetalsundisclosedJun 2026pitchbook.com
• Fireworks AISeries D2026linkedin.com
• GlowundisclosedJul 2026seedtable.com
• VivenSeedundisclosedleadiq.com
• DistributionalSeries Aundisclosedleadiq.com
• Santé TechnologiesSeedundisclosedleadiq.com
• NumosSeedundisclosedzoominfo.com
• DemostackSeries Bundisclosedleadiq.com
• SantéSeedundisclosedleadiq.com
• Nox MetalsEarly-stage2025linkedin.com
• NumosSeed ($4.25M)2024zoominfo.com
• Sante TechnologiesSeed ($7.6M)2024zoominfo.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Mallun Yen · Founder, CEO & Managing Partner
  LinkedIn
• Dana (Partner) · Partner
• Caroline Caswell · Head of Marketing & Communications
• Haley Daiber Brannan · Partner
• Anna Jacobson · Partner

Sources

• Operator Collective — Home
• Operator Collective — Team
• Operator Collective — Blog & News
• Operator Collective — Tracxn Profile
• Operator Collective — Crunchbase
• Operator Collective — ZoomInfo
• Operator Collective — LinkedIn
• Mallun Yen — LinkedIn
• https://pitchbook.com/profiles/investor/375602-95
• https://www.operatorcollective.com/blog-posts/how-top-tech-operators-are-using-ai-to-transform-their-companies-and-themselves
• https://www.linkedin.com/in/mallun/
• https://seedtable.com/investors/operator-collective

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