Brooklyn Bridge Ventures Just Raised a $15.1 Million Fund

Charlie O'Donnell

Charlie O’Donnell announced today that he has completed fundraising for Brooklyn Bridge Ventures’ second fund. (He went head to head with some basketball player who also announced a new fund today.)

The fund is $15.1 million. That’s nearly twice the size of the firm’s previous $8.3 million fund. The larger pool of capital will enable O’Donnell to notch up the size of his seed-stage investments in new portfolio companies, he said, from about $200,000 to $350,000.

It was much easier to fundraise this time around, he said. He got commitments in about a third of the time it took to raise the firm’s previous fund.

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