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The NYC Venture Capital Firm News Digest: 4/2/2021

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This bi-weekly column covers the latest news from venture capital firms in NYC for the second half of March 2021 featuring must-know news including news for Bowery Capital, Harlem Capital, and much more. If you have NYC venture capital firm news to submit for consideration for this column please send it to vc@alleywatch.com.

Harlem Capital Partners
$134M - Fund II
Harlem Capital Partners, the early-stage fund focused on backing diverse teams, has closed its second fund at $134M. The filing indicates that this fund comes from seventy-seven LPs. Founded by Henri Pierre-Jacques and Jarrid Tingle, and John Henry in 2015, Harlem Capital has backed companies like Aunt Flow, Wagmo, Jobble, Curu, Wellory, and Stuf. The firm closed its first fund at $40M in 2019. The fund also recently announced that Brandon Bryant was promoted to Partner and Gabby Cazeau and Kelly Goldstein were promoted to Principal.
BBG Ventures
$50M - Fund III
BBG Ventures, the early-stage fund backing consumer startups led by female founders, has raised $50M for its third fund. The firm is led by Nisha Dua and Susan Lyne and was founded in 2014, as an offshoot of AOL but has now widened its LP base. The firm's portfolio includes female-founded businesses such as LOLA, Goby, GoTenna, Zola, The Wing, Rockets of Awesome, and GLAMSQUAD. BBG closed Fund II in 2017. AlleyWatch first flagged the filing for this latest fund back in 2019.

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Bowery Capital
$70M - Fund II
Bowery Capital, the B2B-focused venture firm, has closed $70M for its third fund. Founded by Michael Brown in 2013, Bowery counts companies like Moat, Sailthru, Transfix, ActionIQ, Electric, mParticle, and Carnival in its portfolio. The firm closed Fund II in 2017 at $60M.
Contour Venture Partners
$100M Opportunity Fund III Filing
Contour Venture Partners, one of New York's oldest and most active venture firms, is raising $100M for its third Opportunity Fund according to a recent SEC filing. Founded by Bob Greene and Matt Gorin in 2005, Contour has invested in companies like Bench, ClassTag, Contently, Datadog, Ellevest, Movable Ink, Pathgather, ShopKeep, and Voxy. The firm closed its second opportunity fund in 2019 at $13.7M and its most recent main fund, Fund IV, in December at $82M.
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Wesley Barrow
Venture Partner | Correlation Ventures
Wesley Barrow has joined Correlation Ventures, the data-driven venture firm that uses predictive analytics to make investment decisions, as a Venture Partner to lead the company's NYC office. Barrow, a veteran of the NYC tech ecosystem, joins Correlation after holding roles at Yext (IPO), Nomi, and Buddy Media. Wesley is a graduate of the University of Pennsylvania.

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