Bloomberg has made its third $75m commitment to work technology-focused Bloomberg Beta to bring its total capital under management to $225m.
US-based venture capital firm Bloomberg Beta has closed its third fund at $75m, again capitalised solely by media group Bloomberg, the firm’s partner Roy Bahat told TechCrunch on Friday.
Bloomberg Beta launched in 2013 with a $75m first fund to invest in companies broadly focused on the future of work. Its creation followed the departure of the team at Bloomberg Ventures, the corporate’s incubator subsidiary.
The firm doubled its capital under management in 2016 by establishing a $75m…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
