Bloomberg L.P., the parent company of Bloomberg News, has launched a $75 million venture capital fund on Wednesday. The fund, VentureBeat reports, is called Bloomberg Beta and will focus on startups that produce insights from data and make the experience of work better.
Bloomberg Beta has already invested in nine fledgling companies like Codecademy, a website that produces coding tutorials and Newsle, a social media news tool launched by two Harvard sophomores.
The fund will be led by Roy Bahat, chairman of videogame startup Ouya and the former head of News Corp's IGN Entertainment.
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