In early 2022, COLABS raised $3 million in a seed round led by Indus Valley Capital, Zayn Capital, and Fatima Gobi Ventures. This was the first time these three leading Pakistan-focused VCs invested together in a startup. COLABS had previously raised $1 million in a pre-seed round. The round was also joined by Shorooq Partners, Kinnow Capital, Muir Capital, Sai Ventures, and a few angel investors including Turner Novak, William Hockey, and Teddy Himler.