Betaworks

Company

Investment-firm

Last deal

Amount

Venture - Series Unknown

Stage

11.03.2019

Date

3

all rounds

$50.95M

Total amount

Financing round

General

About Company
Betaworks is a startup studio that builds and invests in next generation internet companies.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2007

Number of employees

Last funding type

Venture - Series Unknown

IPO status

Private

Description

The company operates as a tightly linked network of ideas, people, capital, products, and data united to build out a more inspired and useful connected world. They make seed-stage investments in early-stage, heavily tech-focused companies with a working prototype. Betaworks also builds and works closely with companies that they view as core to their vision, creating a strong network and eventually a media company for this century.
Contacts

Contact Email

Social url

Sub-Organizations
2
Betaworks Studios

Betaworks Studios

Betaworks Studios is a membership club that offers a collaborative space for individuals looking to make an impact.

Sector

Travel and Leisure

Subsector

Recreational Services

Keywords

Communities

Location

New York, NY, USA

total rounds

2

total raised

$7.85M
Betaworks Ventures

Betaworks Ventures

Betaworks Ventures is a product-focused, seed-stage venture capital fund.

Sector

Closed End Investments

Subsector

Closed End Investments

Keywords

Venture Capital, Software, Artificial Intelligence

Location

New York, NY, USA

count Of Investments

39

count Of Exists

6
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Subsector

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Subsector

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Subsector

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Keywords

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Location

Central Jakarta, Central Jakarta City, Jakarta, Indonesia

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Vayner/RSE

Vayner/RSE

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Sector

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Subsector

Asset Managers and Custodians

Keywords

Financial Services, Venture Capital

Location

New York, NY, USA

count Of Investments

52

count Of Exists

23

Financials

Funding Rounds
6
3

Number of Funding Rounds

$50.95M

Money Raised

Their latest funding was raised on 11.03.2019. Their latest investor Peter Hershberg. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
DG Ventures (Digital Garage Group TSE4819)

DG Ventures (Digital Garage Group TSE4819)

DG Ventures is a leading venture capital firm that provides partnerships for entrepreneurs building innovations and technologies.

Sector

General Industrials

Subsector

Diversified Industrials

Location

Tokyo, Japan

count Of Investments

120

count Of Exists

14
Investments
186
Date 
name 
Lead 
type 
Raised 
02.04.2024
No
$5.6M
15.02.2024
No
$20M
Granola

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AI note-taking solution

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total raised

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Quadratic

Quadratic

Quadratic is a spreadsheet that allows users to work with data using data science tools.

Sector

Software and Computer Services

Subsector

Software

Keywords

Software, Analytics, Database

Location

Boulder, CO, USA

total rounds

3

total raised

$10.61M
Flower

Flower

Flower is a German software startup that offers decentralized AI model training.

Sector

Software and Computer Services

Subsector

Software

Keywords

Robotics, Software, Artificial Intelligence

Location

Hamburg, Germany

total rounds

2

total raised

$20.5M
Co-Investors
Investors
12
6

Number of lead investors

12

Number of investors

Investor 
Lead 
Round 
Partners 
No
Series B
Yes
Series B, Series C
Peter Hershberg

Peter Hershberg

Peter Hershberg is an entrepreneur, company advisor, and active angel investor, who has successfully founded, funded, and exited several start-ups over more than twenty years in online advertising and technology. Peter Co-Founded leading search and social media marketing firm, Reprise Media, in February, 2003 and served as Co-Chief Executive Officer until December, 2009. The company was acquired by Interpublic Group (IPG) in April, 2007. From April, 1999 to February, 2002, Peter served as the Vice President of Strategic Development at Ask.com. In this role, he created long-term strategies and functioned as a key decision maker in the company's new business ventures. He was also the Co-Founder and Chief Executive Officer of Rotomedia, a consulting and advertising firm for web marketers and publishers. Rotomedia was acquired by Ask Jeeves in April, 1999. Peter was named as a finalist at Ernst & Young's Entrepreneur of the Year Award in 2005 and 2007.

current job

SocialFlow
SocialFlow

count Of Investments

12

count Of Exists

4
DFJ Growth

DFJ Growth

DFJ Growth is a venture capital firm that invests in technology companies.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Financial Services, Venture Capital, Finance

Location

Menlo Park, CA, USA

total rounds

2

count Of Investments

109

count Of Exists

24
Randy Glein

Randy Glein

Randy Glein is a co-founder and Managing Director of DFJ Growth. His career spans more than 25 years as a venture capital investor, operating executive and entrepreneur. Randy has led investments in numerous high-growth technology companies, including Box, DataStax, Performics (Google), SpaceX, Tesla Motors (NASDAQ: TSLA), Tremor Video (NYSE: TRMR), Tumblr (Yahoo), Twitter (NYSE: TWTR) and Yammer (Microsoft). Previously, Randy was CFO of FeedBurner, a DFJ portfolio company acquired by Google, and a member of the founding team at DIRECTV. He also served in senior roles at Tribune Ventures and Hughes New Ventures. Randy began his career as an engineer with Hughes Space & Communications.

current job

Coinbase
Coinbase
Aol Ventures

Aol Ventures

AOL Ventures is a venture capital arm of AOL, focused on early stage investing in technology-centric consumer Internet companies.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Location

New York, NY, USA

count Of Investments

28

count Of Exists

14
Michael Brown

Michael Brown

Michael is a Founder & Managing Partner at Bowery Capital based in New York. Prior to Bowery Capital, Brown was a Co-Founder and General Partner at AOL Ventures. Before AOL Ventures, Brown worked for the investment arm of Richard Branson’s Virgin Group. He began his career at Morgan Stanley as an equity research analyst. Outside of his professional life, Brown serves on the Board of Directors of the National Forest Foundation and the Columbia College Alumni Association. He holds a B.A. from Columbia University.

current job

Bowery Capital
Bowery Capital
Acquisitions
2
Acquiree Name 
Date 
Price 
Acquisition Name 
Piictu acquired by Betaworks

Piictu acquired by Betaworks

acquirer

Betaworks
Betaworks

date

22.05.2013

type

Acquisition
Piictu

Piictu

Piictu is a photo gaming tool that allows users to share pictures and interact with friends via mobile phones.

Sector

Leisure Goods

Subsector

Electronic Entertainment

Keywords

Mobile, Mobile Apps, iOS

Location

New York, NY, USA

total rounds

3

total raised

$1.87M
Vibe acquired by Betaworks

Vibe acquired by Betaworks

acquirer

Betaworks
Betaworks

date

23.02.2012

type

Acquisition
Vibe

Vibe

Vibe uses AI, AR, and computer vision to transform fashion shopping.

Sector

Personal Goods

Subsector

Clothing and Accessories

Keywords

E-Commerce, Artificial Intelligence, Augmented Reality

Location

San José Province, San José, Costa Rica
Exits
62
Embedly

Embedly

Embedly simplifies link embedding and previewing for publishers and consumers.

Sector

Software and Computer Services

Subsector

Software

Location

Boston, MA, USA

total rounds

5

total raised

$1.02M
GroupMe

GroupMe

GroupMe is an app and service that connects you with your real-life social network.

Sector

Software and Computer Services

Subsector

Consumer Digital Services

Keywords

Mobile Apps, Social Network, Messaging

Location

New York, NY, USA

total rounds

2

total raised

$11.45M
Ditto

Ditto

Ditto.me is a location-based social-planning recommendation iPhone app.

Sector

Software and Computer Services

Subsector

Consumer Digital Services

Location

New York, NY, USA

total rounds

1

total raised

$775K

People

Founders
3
Billy Chasen
Billy Chasen

Billy Chasen

Billy Chasen co-founded betaworks in 2007. At betaworks, Billy built several product prototypes, including Chartbeat, a real-time web analytics service that is today used by over 80% of US publishers. After betaworks, Billy co-founded stickybits, a way to attach digital information to physical objects and turntable.fm, a social music service where people could play music with each other online. Most recently Billy co-founded Ketchup, an idea incubator backed by Accel. Billy holds a BS in Computer Science from the University of Michigan. His art website is located at billychasen.com and his blog is anerroroccurredwhileprocessingthisdirective.com

current job

turntable.fm
turntable.fm

Billy Chasen

John Borthwick
John Borthwick

John Borthwick

John Borthwick is the CEO and Founder of Betaworks. He leads the company building and investment process since 2008. Previously, John was SVP of Alliances and Technology Strategy for Time Warner Inc.; CEO of Fotolog, one of the first social photo sharing sites; and head of AOL’s product development studio after they acquired his first company, WP Studio, one of Silicon Alley’s first content studios. John holds an MBA from Wharton and a BA in Economics from Wesleyan University.

current job

Betaworks
Betaworks

count Of Investments

3

count Of Exists

1

John Borthwick

Andy Weissman
Andy Weissman

Andy Weissman

Andy Weissman is a managing partner at Union Square Ventures.

current job

Union Square Ventures
Union Square Ventures

count Of Investments

2

Andy Weissman

Employee Profiles
79
Neel Baronia

Neel Baronia

Associate

Yaël Eisenstat

Yaël Eisenstat

Researcher-in-Residence, Betalab

Chris Saad

Chris Saad

Fellow (Part time)

Danika Laszuk

Danika Laszuk

GM

Margot Boyer-Dry

Betaworks venture fellow

Veronica Belmont

Veronica Belmont

Venture Fellow

Jake Levine

Jake Levine

Venture Fellow

Nicole Ranucci

Executive assistant to partners

Activity

Recent News
3
News Timeline

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month