Bloomberg Beta is an early stage

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which h ...

firm with $375M under management, capitalized solely by

Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and m ...

. The fund exists to expand Bloomberg’s horizons by investing in companies built by extraordinary founders that are creating profound change in the way business operates, with a focus on machine intelligence and the future of work. Bloomberg Beta was recognized by VC review site CB Insights as the #2 investor in AI. Led by Roy Bahat, the firm has an unconventional investing model where anyone on the team can independently say yes to a deal. The fund's operating manual is publicly available online. Bloomberg Beta launched in June 2013 with $75 million of funding from Bloomberg L.P. A second fund of $75 million was announced in July 2016. In October 2019, they announced a third fund of $75 million. In June of 2022, they announced a fourth fund of $75 million and their first opportunity fund, also of $75 million. Bloomberg Beta is headquartered in

San Francisco, California San Francisco (; Spanish for " Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the fourth most populous in California and 17t ...

, with additional operations in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

. Areas where the firm invests include: content discovery, cybersecurity, data sets and services, developer tools, full-stack startups using technology to compete in a new way, hardware, human-computer interaction, learning, media distribution, new organizational models, open-source software, productivity tools, professional networks, technology platforms, workflow tools, and workplace communication. The firm uses data to find new customers. Their "Future Founders" project started in 2014 to predict who will start companies before they do. In 2014, it began publishing an annual Machine Intelligence landscape to better understand what was happening in the startup ecosystem with artificial intelligence and machine learning. the firm is the organizer behind "Comeback Cities," taking groups of venture capitalists and members of congress on bus tours throughout America to find untapped beds of talent and entrepreneurship.

Partners

Bloomberg Beta consists of three full-time partners: Roy Bahat, Karin Klein, and James Cham.

Relationship with Bloomberg L.P.

Bloomberg Beta is operated as a separate entity from Bloomberg L.P., which is the sole investor in the fund.

References

{{Bloomberg Financial services companies established in 2013 Venture capital firms of the United States Companies based in San Francisco American companies established in 2013