Brooklyn Bridge Ventures — an early investor in New York tech — said it has raised its second fund, with $15.1 million commitments.
Run by Brooklyn native Charlie O’Donnell, the new fund said it will lead funding rounds at the earliest stages with check sizes averaging $350,000.
That’s up from its initial, $8.3 million fund, launched in 2014, whose investments, averaging less than $250,000, have included lending platform Orchard and kids app maker Tinybop.
The fund’s returning investors include Two Sigma Ventures and Jeff Citron. A new investor includes a prominent university endowment.