The City-based Better-based beta requirements are closing $ 66 million III funds, which will focus on the early AI investment.
Betaworks have investing the AI since at least 2016 and, through the investment camp program, has created a company such as humola and Granola. Jordan Crook, partner in the company (and former TechCrunch Employees), says new funds will focus on agents, original AI interface, and original AI layer.
“About the theme, we will continue to do the seed investment and Betaworks camp,” Crook said.
Fund III will seek to invest at least 25 pre-seeds for the seed investment, as well as at least 50 investments to start as part of the Betawerges camp. “Thus, we have done around 37 deals,” Crook said, increasing the size of the average size of $ 500,000.
Crook refers to the current fundraising environment for the beginning, and “Spiky” for the fund, but they noted that the Fund III see many limited pairs that return to invest.
“The environment of cuping rentals in 2024, and we will not escape, because we have the future funds,” he said.
Betaworks before raising $ 46 million funds, and the $ 48 million funds in 2016. This is a studio of equity in 2016. Investment Camp Betaworks include Tumblr and Kickstarter.
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