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Brown sets up Bowery

May 5, 2013 • Global Corporate Venturing

Mike Brown (pictured), co-founder of AOL Ventures, the corporate venturing unit of the eponymous US-based internet service provider, is setting up Bowery Ventures.

News provider All Things Digital said AOL had committed to Bowery’s first fund, which has raised $33m.

News provider Fortune, which first reported Brown’s departure, said he would focus investments on enterprise technology companies and his colleagues would be fellow AOL Ventures professionals Nic Poulos and Keegan Forte.

Fortune said Bowery venture partners included Neil Capel (founder/CEO…

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