The third Betaworks fund ends at USD 66 million for investments at an early stage of AI start-ups

New York Betaworks He closed his fund in the amount of $ 66 million, which focuses on investing in early AI firms.

Betaworks has been investing in artificial intelligence since at least 2016, and because of the investment program camp, he supported firms reminiscent of Huggingface and Granola. Jordan Crook, the company’s partner (and former TECRCRUNCH worker), said that the latest fund will focus on agents, native AI and AI interfaces of the application layers.

“As part of these topics, we will continue to make simple seed investments and Betaworks camps,” said Crook.

Fund III will try to take a position in at least 25 pre -investment seeds, in addition to make at least 50 investments in startups under the Betaworks Camp program. “We have done about 37 offers so far,” said Crook, adding that the average size of the check was about USD 500,000.

Crook called the current environment of obtaining funds “foaming” for startups and “Spiky” for funds, but noticed that Fund III saw how many previous partners with limited partners returned to investing.

“The environment of obtaining funds in Venture was a challenge in 2024 and we were not released, considering that we were raising our fund,” she said.

Betaworks previously collected a fund of $ 46 million II in 2020, and in 2016 a fund and $ 48 million. In 2018, he launched in 2008, and since then it became the basis in the technological ecosystem in New York, introducing the Betaworks Camp program in 2016.