The fund exists to expand Bloomberg's horizons by investing in companies built by extraordinary founders that are creating profound change in the way business operates,[2] with a focus on machine intelligence and the future of work.

Bloomberg Beta was recognized by VC review site CB Insights as the #2 investor in AI.

[3] Led by Roy Bahat, the firm has an unconventional investing model where anyone on the team can independently say "yes" to a deal.

[9] Bloomberg Beta is headquartered in San Francisco, California, with additional operations in New York City.

[13] The firm is the organizer behind "Comeback Cities",[14] taking groups of venture capitalists[15] and members of Congress[16] on bus tours throughout America,[17] to find untapped beds of talent and entrepreneurship.