# Betaworks Studio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/betaworks-studio

- Industry: Internet
- Headquarters: New York, US
- Website: www.betaworks.com
- Total disclosed funding: $34M
- Latest round: Seed (Mar 29, 2019)
- Investors on record: 15

## About

Betaworks Studio, LLC is a New York-based investment firm that builds and collaborates with innovative creators and technology startups, providing capital and strategic support to drive growth in the tech and creative sectors.Founded in 2008 in New York, Betaworks Studio, LLC focuses on investing in and building technology and creative ventures. The company has successfully completed 11 deals and received Seed funding of USD 4.4 mn in March 2019, led by JLL Spark, with participation from Betaworks Ventures Management and BBG Ventures. The firm was co-founded by Gabriele Naidzinavice and Gintare Macenyte, and is currently led by CEO John Borthwick.Betaworks specializes in investing, building, and collaborating with a diverse range of creators and makers, focusing on innovative projects since its inception in 2008. The company primarily offers support in the form of capital investment and strategic guidance to startups and entrepreneurs within the technology and creative sectors. Its core product offerings encompass a variety of services designed to foster the growth of emerging technologies, particularly in the realms of artificial intelligence, software development, and design. Betaworks serves a broad client base of creators, developers, and businesses across various geographical markets, with notable engagements in North America and Europe. The end users of Betaworks' products and services include tech-savvy consumers, businesses seeking innovative solutions, and the creative community looking for resources to bring their ideas to fruition.Betaworks generates revenue through strategic investments and partnerships with emerging companies, leveraging its expertise and network to facilitate growth. The company's transaction structure typically includes equity stakes in startups, which may lead to financial returns as these companies scale and succeed in their respective markets. Partnerships often entail collaborative projects where Betaworks provides funding in exchange for equity or revenue-sharing agreements. Although specific pricing plans for individual services are not detailed, the financial model may include arrangements for project-based funding and long-term investment commitments. Flagship services include tailored support for startups that align with Betaworks' focus on innovation in technology and design, contributing to a sustainable revenue stream as these ventures mature and expand.Betaworks Studio, LLC plans to utilize the recent Seed funding of USD 4.4 mn raised in March 2019 to enhance its investment capacity and support new projects. The company aims to launch new products and services designed to cater to innovative technologies, although specific release dates are yet to be disclosed. Additionally, Betaworks is exploring expansion opportunities in new geographic markets, with a focus on increasing its presence in Europe and other international tech hubs by the end of 2021. This growth strategy aligns with its mission to nurture emerging talents and technologies across the globe.

## Funding rounds

- Seed, Mar 29, 2019, $4.4M — Betaworks Ventures Management, BBG Ventures, JLL Spark
- Series B, Mar 11, 2010, $20M — Draper Fisher Jurvetson, RRE Ventures, Intel Capital, Softbank Capital, The New York Times Company Regional Media Group, AOL Ventures, Lerer Hippeau Ventures, Founder Collective, Pilot Group
- Series A, Mar 30, 2009, $2M — Indie Enterprises
- Series A, Jan 1, 2008, $7.5M — RRE Ventures, SV Angel, White Star Capital

## Investors

- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Series A, Series B
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series A
- White Star Capital (https://capitalatlas.ai/funds/white-star-capital) — Series A
- Indie Enterprises (https://capitalatlas.ai/funds/indie-enterprises) — Series A
- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series B
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B
- Softbank Capital (https://capitalatlas.ai/funds/softbank-capital) — Series B
- The New York Times Company Regional Media Group — Series B
- AOL Ventures (https://capitalatlas.ai/funds/aol-ventures) — Series B
- Lerer Hippeau Ventures — Series B
- Founder Collective (https://capitalatlas.ai/funds/founder-collective) — Series B
- Pilot Group — Series B
- Betaworks Ventures Management (https://capitalatlas.ai/funds/betaworks-ventures-management) — Seed
- BBG Ventures (https://capitalatlas.ai/funds/bbg-ventures) — Seed
- JLL Spark (https://capitalatlas.ai/funds/jll-spark) — Seed