Industry | Venture Capital |
---|---|
Founded | June 2013 |
Founder | Bloomberg L.P. |
Headquarters | San Francisco, California, United States |
Key people
|
Roy Bahat Karin Klein James Cham Shivon Zillis Shaina Conners Morgan Polotan |
Website | www |
Bloomberg Beta is an early stage venture capital firm with $150M under management, capitalized solely by Bloomberg. The fund exists to expand Bloomberg’s horizons by investing in companies that make business work better, with a focus on machine intelligence. Bloomberg Beta was recognized by VC review site CB Insights as the #2 investor in AI. The firm invests purely for financial return. Led by Roy Bahat, a technology business operator and entrepreneur, Bloomberg Beta has an unconventional investing model where anyone on the team can say yes to a deal. The investing partnership has an equal male-to-female ratio.
The fund launched in June, 2013 with $75 million of funding from Bloomberg L.P.
Bloomberg Beta is headquartered in San Francisco, California, with additional operations in New York City.
Bloomberg Beta consists of six full time employees: Roy Bahat, Karin Klein, James Cham, Shivon Zillis, Morgan Polotan and Shaina Conners. Bahat was previously the President of IGN Entertainment and was the chairman of Ouya Inc. until June 2015.
Bloomberg Beta is operated as a separate legal entity from Bloomberg L.P., which is the sole investor in the fund.