The third Betaworks Fund closes $ 66 million to invest in startups in the early stage

Betaworks, based in New York City, has closed its third funds worth $ 66 million, which will focus on investing in artificial intelligence companies in the early stage.

Betaworks has been invested in artificial intelligence at least 2016, and through the investment program camp, it has supported companies such as Hugingface and Granola. Jordan Crook, the company’s partner (and former Techcrunch employee), said that the new box will focus on agents, original artificial intelligence facades, and AIER AI.

“On these topics, we will continue to invest straight seeds and Betaworks,” said Crook.

Fund III will seek to invest at least 25 years before seed investments, as well as at least 50 investments in startups as part of Betaworks Camps. “Until now, we have made 37 transactions,” Crook said.

Crook has invited the current “Frothy” donation environment for startups, and “Spike” to get money, but noted that the III fund witnessed many of the company’s former partners who return to investment.

She said: “The process of collecting donations in the project was difficult in 2024, and we were not exempt, given that we were affecting our funds.”

Betaworks previously raised a $ 46 million fund in 2020, and a $ 48 million fund in 2016. It was launched in 2008 as a studio for projects, and has since become a key component of the technology ecosystem in New York City, launched the Beetaworks Camps program in 2016.