Bloomberg's investment fund completed the third fund to raise $75 million

According to TechCrunch, Bloomberg Beta, an early venture capital fund backed by Bloomberg, has completed the third fund, totaling $75 million. Roy Bahat, head of Bloomberg Beta, said that they will continue the company's previous path and will provide venture capital companies with an initial investment of $5 million to $1 million and about 10% of company ownership. Bloomberg Beta currently has more than 100 portfolios, such as Slack, Codecademy, AngelList, etc. The projects involved in cryptocurrencies include The Block, goTenna, Token, Everledger, and SpringRole.