Bloomberg Beta
| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | June 2013 |
| Founder | Bloomberg L.P. |
| Headquarters | San Francisco, California , United States |
Area served | United States |
Key people | Roy Bahat, Karin Klein, James Cham |
| Products | Venture capital funds |
| Owner | Bloomberg L.P. |
| Website | www |
Bloomberg Beta is a venture capital firm specializing in early-stage investments, managing $450 million in capital exclusively provided by Bloomberg. The fund's mission is to broaden Bloomberg's influence by backing visionary founders who are pioneering significant innovations in business, particularly in machine intelligence and the evolving workplace. CB Insights recognized it as the second top investor in artificial intelligence.
Under the leadership of Roy Bahat, Bloomberg Beta utilizes a distinctive approach where any member of the team has the authority to approve investments independently. Its operational guidelines are openly available to the public.
Established in June 2013 with an initial $75 million commitment from Bloomberg L.P., the firm subsequently secured additional $75 million funds in 2016, 2019, and 2022, which included its inaugural opportunity fund of equal size. The company is based in San Francisco, California and maintains a presence in New York City.
Employing data-centric methods, Bloomberg Beta identifies promising entrepreneurs through its "Future Founders" initiative launched in 2014. It also releases an annual Machine Intelligence report that maps AI and machine learning startups. Additionally, the firm hosts "Comeback Cities," a series of events connecting venture capitalists and policymakers with emerging talent across various U.S. regions beyond established technology centers.
Relationship with Bloomberg L.P.
Although fully funded by Bloomberg L.P., Bloomberg Beta functions as an autonomous organization. The fund is overseen by three full-time partners: Roy Bahat, Karin Klein, and James Cham.