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Bloomberg Beta

Bloomberg Beta

Bloomberg Beta is an early stage venture capital firm capitalized solely by Bloomberg.

Company Overview

Bloomberg Beta is an early-stage venture capital firm with $150M under management, capitalized solely by Bloomberg. The fund exists to expand Bloomberg's horizons by investing in companies that make business work better, with a focus on machine intelligence. The firm invests purely for financial return.



Led by Roy Bahat, a technology business operator and entrepreneur, Bloomberg Beta has an unconventional investing model where anyone on the team can say yes to a deal. The investing partnership has an equal male-to-female ratio. The fund launched in June 2013 with $75 million of funding from Bloomberg L.P.

History

Bloomberg Beta is an early-stage venture firm, backed by Bloomberg L.P., with $150M under management, capitalized solely by Bloomberg. The firm is headquartered in San Francisco, California, with additional operations in New York City.



The fund invests for financial return and chooses its investments independently, without preference for companies who have or want a relationship with Bloomberg. It is focused broadly on the future of work and is inspired by Bloomberg as a template for startups — founded on a powerful idea, bringing transparency to markets, achieving global scale, with a strong and open culture that embraces technology, led by its founders for decades. The fund exists to expand Bloomberg’s horizons by investing in companies that make business work better, with a focus on machine intelligence.

Investments

Bloomberg Beta has made 143 investments. One of them was on Feb 14, 2019, when they invested $13.5M in Pinpoint. Bloomberg Beta has had 19 exits, including Versive, Kaggle, and Mavrx. The firm has raised a total of $150M across 2 funds, their latest being Seed Investment Fund II. This fund was announced on Jul 19, 2016, and raised a total of $75M. Bloomberg Beta has $18.3M in revenue annually and competes with Uncorked Studios, Fuseproject, and Frog Design.

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