Bloomberg Forms $75M VC Fund For Tech Startups

Law360, San Diego (June 5, 2013, 9:39 PM EDT) -- Bloomberg LP, the parent company of Bloomberg News, said Wednesday it launched a $75 million venture capital fund based in San Francisco that aims to invest in and develop early-stage technology firms.

The fund, Bloomberg Beta, will initially focus on areas that generate insight from data, such as companies that specialize in technology platforms, content discovery and media distribution. It also will center on entities that help improve the work experience through networks and communities, human-computer interaction and “radically new” organizational models.

The venture fund plans...
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