Media group Bloomberg has supplied a further $75m for its venture firm, Bloomberg Beta, taking its total assets under management to $450m.
Venture capital firm Bloomberg Beta has closed its fifth fund with $75m of capital from its sole limited partner, US media group Bloomberg.
The news was revealed by Bloomberg Beta head Roy Bahat (above) yesterday in a podcast interview with journalist Eric Newcomer.
The latest fund follows a similarly sized fourth fund that was closed in 2022 alongside a follow-on focused Opportunity Fund that Bahat said yesterday is about 50% deployed. The firm’s assets under management now stand at $450m.
Bloomberg Beta invests in startups targeting the future of work, and the main aim of its corporate backer is to get an insight into prevailing trends rather than forming partnerships with portfolio companies.
“The Bloomberg desire is to understand the world of startups,” Bahat said on the podcast. “Our view on that, as investors, is the only way to do that is by having aligned interests with startups.”
The close of the fifth fund comes on the heels of a busy period for the firm, which has closed or lined up four exits so far in 2025. Those include CoreWeave’s $1.7bn acquisition of machine learning technology developer Weights and Biases, first backed by Bloomberg Beta in a $5m series A round.
