Beta Boom’s New $14.5M Fund Targets Underserved Populations

February 23, 2024

Beta Boom has recently closed its $14.5 million Fund II, with investments from Ally Bank, Pivotal Ventures (A Melinda French Gates Company), Bank of America, and Atento Capital, among others. This new fund will focus on supporting early-stage startups that address the needs of rapidly growing but underserved populations, particularly in fintech, digital health, and the future of work sectors. The venture capital firm, known for its investments in startups like Canopie and Attane Health, which operate within the healthcare and women’s health space, takes a distinctive approach to investing. Beta Boom emphasizes the importance of founder qualities such as perseverance and grit over traditional success indicators like pedigree, aiming to reduce bias in the investment process.

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