Bloomberg Beta
Accounting Assistant Backoffice Enterprise Fintech
Artificial Intelligence Computer Vision Machine Learning

Business Overview

2013
Date Founded
Corporate Venture Capital
Investor Type
$0.025M -
$1M
Cheque Size
$150,000,000
Total Funds Raised

Bloomberg Beta is an early stage venture capital firm with $150M under management, capitalized solely by Bloomberg. The fund exists to expand Bloombergs horizons by investing in companies that make business work better, with a focus on machine intelligence.

We run our fund in unorthodox ways to build trust with founders: We’re a corporate-backed fund that invests to make money. We experiment with the limits of transparency — instead of a normal website, we open sourced our entire operating manual. We measure success by our founders’ customer service ratings of us.

Bloomberg Beta has an unconventional investing model where anyone on the team can say yes to a deal. The investing partnership has an equal female-to-male ratio.

Read our full internal operating manual here: https://github.com/Bloomberg-Beta/Manual

We are flexible as to whether our investment is structured as a SAFE, convertible note (debt), or equity — though we believe the valuation cap is the price, because almost every conversion of a SAFE or note we’ve seen in a successful company has happened at or above the valuation cap. We share our form documents in public here.

No, not every VC wants to own 30% of your company. In fact, we think at seed stages too much ownership by the early investors can ruin the cap table — making it difficult for the founders to make money, or later investors to own enough of the company when the company needs bigger dollars to scale.

We believe in transparency. If a startup that takes our money wants to publicize the terms of our investment, wed generally support that. (Of course wed never disclose anything confidential without consent, and we expect the same of our founders.)

The average pre-money valuation of our recent investments was $7M, though the range was wide depending on the company’s state (with valuations ranging from $2-15M. (We update this number from time to time, at a pace that avoids inadvertently disclosing the terms of any one deal. This average includes only investments where we were the first money into a company — we lack a way to make our small number of later-stage investments comparable.)

Investment Preference

Series
Seed, Series A, Series B
Business Model
B2B
Offering Type
Hardware, Software
AI Type
Artificial Intelligence Computer Vision Machine Learning Natural Language Processing Robotics
Sectors
Accounting Assistant Backoffice Enterprise Fintech Healthcare Information Technology (IT) Senior Care

Team

Bloomberg Beta
Karin Klein
Partner
View Email
Bloomberg Beta
Roy Bahat
Partner
View Email

Investment Portfolio

Startup

Operating Status

Offering Type

Business Model

Total Funding

AI Employees

Replicant
Active
Software
B2B
$37 M
5
SignifAI
Acquired
Software
B2B
$9 M
1
Intuition Robotics
Active
Hardware, Software
B2B
$64 M
7

Investment Rounds History

7

Funding Rounds

$2M -

$50M

Investment Round Size

Startup

Date Announced

Funding Round

Amount Raised

Investors

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Investor Snapshot

Average Funding Round Size

$22 Million

No. of Investments

7

No. of Portfolio Companies

4

Largest Funding Round Size

$50 Million

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