01 Advisors is a venture capital, consulting, and investment firm founded by Dick Costolo and Adam Bain, former CEO and COO at Twitter. The sectors in which the company plans to invest are unknown but will most likely have a focus on financial technology. In September 2019, the firm invested in Tipalti in its Series D funding round.
On August 6, 2019 01 Advisors completed raising their first venture capital fund called the 01 Advisors 01 Fund I with $134 million in funding. 01 Advisors received their funding from 31 investors and they plan on expanding their fund with an additional $65 million in funding.
In the SEC regulatory filing released Tuesday August 6th, 01 Advisors disclosed it had secured $135 million for its first fund, but was still seeking up to $65 million in additional commitments.
Associated investment funds
Dick Costolo and Adam Bain announce $135 million venture fund
August 6, 2019