Betaworks Announces Close of Fund 3.0 at $66 Million

Betaworks, led by a team of builders including John Borthwick(Managing Partner), Jordan Crook(Partner), Jonathan Chin(Operating Partner), Analisa Svehaug(Director), and Nicole Ripka(Associate), announced close of its Fund 3.0 at $66 million. Betaworks has taken some great early bets like Tumblr, Kickstarter, and Everlane, and more recent investments in HuggingFace, RecRoom, The Browser Company, and Granola.

Betaworks Fund 3.0 builds on the momentum of its $48M Fund 1.0 (2016) and $46M Fund 2.0 (2020), continuing a legacy of supporting creative technologists shaping the future with ML and AI. In addition to core pre-seed and seed investments, Betaworks invests through Camp—a thesis-driven, cohort-based program launched in 2016 that supports zero-to-one product development around specific themes. 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.

Founded in 2008, Betaworks began not as a venture firm but as a venture-backed company whose core product was startups. Often credited as one of the first true venture studios, Betaworks launched companies such as GIPHY, Dots, Chartbeat, and Bitly. Over the past 17 years, it has become a foundational force in the New York tech ecosystem, evolving in step with the city’s innovation landscape.