Twitter is investing 'at least $10m' in the latest fund to be raised by Betaworks, an early investor in two companies it has acquired in the past.
Social media company Twitter is set to provide at least $10m in capital for a fund raised by US-based startup studio Betaworks, TechCrunch reported on Friday.
Founded in 2008, Betaworks operates as an incubator and venture capital firm, typically providing between $100,000 and $200,000 for its first investment. TechCrunch’s source did not reveal the ultimate size of the fund, or whether Betaworks will be the sole manager.
Betaworks was an investor in Summize and TweetDeck, which were acquired by Twitter…
