Bloomberg launches $75M venture capital fund
Media outlet Bloomberg will launch a $75 million venture capital fund to invest in early-stage companies.
The fund, called Bloomberg Beta, is expected to launch Wednesday, according to various media reports, but has already invested in nine companies, including Newsle, Nodejitsu, Codecademy, Errplane, and ProsperWorks, according to VentureBeat.
The independent venture will focus on startups that are "producing insights from data" and "making the experience of work better," according to a news release cited by VentureBeat.
Bloomberg has invested in tech companies before through Bloomberg Ventures, an incubator that helped companies that could be combined with … Read more