Bloomberg Beta launched in June 2013 with $75 million from Bloomberg L.P. as its sole limited partner, and has raised four more $75 million funds since, plus a matching $75 million opportunity fund, for $450 million total - all still capitalized entirely by Bloomberg. The firm runs an unusually transparent, unconventional model for a corporate-backed fund: any of its three equal partners can independently say yes to a deal, and its full operating manual has been public on GitHub since inception. Focused on machine intelligence and the future of work, the firm has made roughly 367 investments in companies including Replit, Flexport, LaunchDarkly, MasterClass, Netlify, and Weights & Biases, and was once ranked the #2 AI investor globally by CB Insights.
No public exits yet - the firm instead measures itself by founder outcomes: head Roy Bahat cites 93 founders who've become millionaires from Bloomberg Beta-backed companies as the metric he's proudest of, ahead of raw returns