Latest Overline VC News
Oct 25, 2021
Atlanta-based Overline closes second fund with more than $13 million in commitments on October 24 th, 2021 Overline , an Atlanta-based seed stage venture capital firm, has announced the closing of its second fund, Overline Opportunity Fund I, Founded in 2019 by Michael Cohn and Sean O’Brien, Overline was built to support Founders in the Southeast region of the U.S. The firm closed its first fund, Overline Seed Fund I, in March 2020, with the goal of eliminating the seed stage institutional funding gap that previously existed in the region. Its new fund expands Overline’s investment mandate to also include later rounds of financing. With commitments of more than $13 million from existing partners, the Opportunity Fund targets $1 million investments in breakout companies, both in the Overline portfolio and across the region. “We are thrilled to announce the closing of our second fund and the expansion of our team—key milestones in the transition of Overline from a fund to a firm, and part of our vision from the outset,” said Sean O’Brien, Managing Partner of Overline. “While our primary focus continues to be leading first round financings, we now have the flexibility to invest in the later rounds of companies that are well on their way to becoming unicorns.” Click here to read more including the naming of new key staffers.