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Bloomberg Beta closes $75 million fund

By TechTaffy Desk

Bloomberg announced the close of a second $75 million fund, with venture capital firm Bloomberg Beta. The new fund will continue building on Bloomberg Beta’s specialty in machine intelligence, according to a statement released by the company.

The announcement comes three years after the formation of Bloomberg Beta’s first fund. Since that time, Bloomberg Beta’s announced investments have secured more than $340 million in total capital, while three companies backed by Bloomberg Beta have been acquired, says Bloomberg.

By the way, Bloomberg Beta open sources its internal operating manual on GitHub. You can find it here – https://github.com/Bloomberg-Beta/Manual. Take a look!

[Image courtesy: Bloomberg]

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