BROOKLYN BRIDGE VENTURES, INC.

Thesis

Brooklyn Bridge Ventures (BBV) is a seed-stage venture capital firm founded in 2012, notable as the first VC fund based in Brooklyn, New York. The firm historically focused on being an accessible early-stage partner for startups in the New York City area, often providing the first institutional capital. As of May 2023, BBV has ceased making new investments. Their investment strategy centered on pre-seed and seed-stage companies, frequently investing in startups that were pre-revenue, pre-product, or even pre-business plan. The primary geographic scope was New York City, with a preference for companies reachable by bike or a short train ride. While a generalist investor, BBV showed a thematic focus on Software, Health Care, and E-Commerce, and also invested in B2B SaaS, Fintech, Food Tech, and EdTech. BBV typically acted as a lead or co-lead investor, aiming to be part of a company's first funding round. They looked for founders with significant energy, unique industry insight, maturity, a passion for learning, authenticity, and respect for others. The firm managed a total of $70 million in capital across multiple funds (BBV I-IV). The typical check size per investment deal ranged between $250,000 and $750,000, with a sweet spot between $300,000 and $400,000. BBV was willing to participate in rounds where a company had raised no more than $750,000 in prior funding. The firm is primarily associated with its founder and sole General Partner, Charlie O'Donnell.