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01 Advisors, the venture firm of Dick Costolo and Adam Bain, has closed fund two with $325 million – TechCrunch

Dick Costolo and Adam Bain, renowned early Twitter execs who served as company’s CEO and its chief operating officer, respectively, have quietly closed a second venture fund just one-and-a-half years after disclosing they’d secured $135 million for a debut fund under their firm, 01 Advisors.

According to an SEC filing, they wrapped up their second fund late last week with $325 million in capital commitments from 81 investors.

We’ve reached out to the firm and hope to share more soon. In the meantime, its strategy appears to center around more concentrated bets in both the consumer and enterprise spheres — with checks going out both early and sometimes later in a startup’s trajectory.

Among these recipients is Literati, a…

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