
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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