TLDR:
– Pre-seed and seed stage VC firm Beta Boom has closed a $14.5 million Fund II with limited partners including Ally Bank, Pivotal Ventures, Bank of America, and Atento Capital.
– The fund will support early-stage startups that address the most critical needs of the fastest-growing, yet least-served populations, with a focus on fintech, digital health, and the future of work.
Beta Boom has closed a $14.5 million Fund II to invest in software startups that address the most critical needs of the fastest-growing, yet least-served populations. The fund was raised by Managing Partners Kimmy and Sergio Paluch and includes limited partners such as Ally Bank, Pivotal Ventures, Bank of America, and Atento Capital. Beta Boom is aiming to focus on startups in the fintech, digital health, and future of work sectors. The firm takes a unique approach to evaluating founders, looking beyond referral networks and major tech hubs, and assessing attributes such as grit and problem-solving abilities rather than pedigree. Through its previous fund, Beta Boom has already invested in 20 companies, supporting impact-driven firms such as Bolder Money, Canopie, and Attane Health.
