Betaworks Fund 3.0
$66 Million to Back the Next Generation of AI Builders
Betaworks today announced that they have closed $66 million for Betaworks Fund 3.0 — a pre-seed/seed stage venture fund dedicated to investing in, building with, and supporting exceptional founders.
Betaworks Fund 3.0 builds on the momentum of Fund 1.0 ($48M, 2016) and Fund 2.0 ($46M, 2020) and continues our legacy of backing creative technologists who are shaping the future with ML/AI.
Beyond Traditional Venture: The Camp Program
Betaworks also backs companies through their Camp program, which has been around since 2016. Camp is a cohort-based investment program — all thesis-based — that focuses on zero-to-one product development within a specific theme.
HuggingFace graduated out of the very first Camp program (BotCamp) in 2016, which was focused on NLP and conversational interfaces.
Since Camp's launch, Betaworks has backed approximately 100 companies across 12 classes. Cohorts are small by design (averaging eight companies per class) and highly selective.
Camp themes throughout the years include NLP, computer vision, synthetic data/media, voice/audio generation, AI agents, as well as augmentative and application layer AI.
From Venture Studio to Venture Fund
Betaworks has been around since 2008. At that time, it wasn't a venture firm at all. Betaworks started just like any other venture-backed company, but the product we delivered was startups.
Arguably, Betaworks was the first real venture studio, and it was the birthplace of household names like GIPHY, Dots, Chartbeat, and Bitly.
