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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.

Timeline

Funded Companies

Company
Description
Industry
Website
Location
Deep Genomics (company)

A genetic medicine company that build data platforms using synthetic biology, artificial intelligence and genetic medicine creating medical therapies.

InCountry is a San Francisco-based data residency-as-a-service platform that enables global data compliance for international business.

Everledger is a supply chain and asset tracking company using blockchain to store records of valuable assets like diamonds.

Repl.it is a San Francisco-based IDE and software development environment company making a browser application platform for coding in over 50 programming languages.

Range Labs is a San Francisco-based software company developing tools for organizations, teams, and individuals be more productive and work together.

An artificial intelligence company with a cognitive process mining software platform that leverages computer vision and machine intelligence for process mining and discovery. It was founded in 2018 and is located San Francisco, California.

A software company offering an open-source platform for machine learning and data science teams to create data applications with python.

Newfront Insurance is a company that provides technologies that are designed to simplify brokerage processes

Shield AI is a company building artificially intelligent systems like drones for use by military service members and first responders.

EvaBot is a San Francisco-based company founded by Rabi Gupta, Akshay Gupta, Satwick Saxena and Ashish Kumar.

Survata is a marketing research company selling brand intelligence.

Fiddler Labs is an artificial intelligence engine which focuses on solutions which are transparent, explainable and understandable for data scientists, product owners and businesses to deploy machine learning models at scale.

Enveil, Inc. is a data security and privacy security technology company.

pulseData is a company that develops adaptive and predictive engines for Hospitals and Healthcare companies.

Intuition Robotics is a digital companion company, using artificial intelligence.

48 Results
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People

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LinkedIn

Further reading

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Bloomberg-Beta Manual

Web

Documentaries, videos and podcasts

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Companies

Company
CEO
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News

Title
Author
Date
Publisher
Description
Mary Ann Azevedo
May 3, 2021
TechCrunch
Remote work is no longer a new topic, as much of the world has now been doing it for a year or more because of the COVID-19 pandemic. Companies -- big and small -- have had to react in myriad ways. Many of the initial challenges have focused on workflow, productivity and the like. But [...]
Sounding Board, Inc.
January 22, 2021
www.prnewswire.com:443
/PRNewswire/ -- Sounding Board, Inc, the premier cloud-based coaching platform, announced the close of an oversubscribed $13.1M Series A funding led by Canaan...
Samantha Stokes
November 23, 2020
Business Insider
We spoke with the founders of two startups and their investors about how they're shaking up the way professional services firms do business.
Walter Thompson
April 24, 2020
TechCrunch
If we want more informed discussions about tech's behavior, and we want the people who make choices to enter these crises prepared to think ethically, we need to start training people who work in tech to think ethically.
Sherin Shibu
October 23, 2019
Business Insider
Roy Bahat is an "untraditional" investor-- someone who became a VC after trying nearly everything else.
May 2, 2019
WebWire
SAN FRANCISCO, Calif. -- May 2, 2019 -- InCountry, the first data residency-as-a-service platform, today announced the launch of its service and first product offering. The company is also announcing $7 million in seed funding from Caffeinated Capital, Felicis Ventures, Ridge Ventures, Bloomberg Beta, Charles River Ventures, Global Founders Capital, Parade Ventures, MState, and a series of angel investors. Already operating in 50 countries, the funding will be used to grow the...
ERIN GRIFFITH
November 1, 2018
nytimes.com
Following the money isn't easy in the opaque world of venture capital.

References

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