Subscribe to our newsletter and stay informed

Check out our list of top companies

Check out our carefully compiled lists of the most relevant and impactful companies within their fields.

Check out our list of top unicorns

Read and learn about the biggest companies that various countries have produced, how they made it, and what the future looks like for them.
February 14, 2024

Beta Boom Raises $14.5M to Empower Diverse Founders

Addressing this disparity head-on, Beta Boom, a US-based venture capital firm, has successfully secured $14.5 million

In a landscape often dominated by established tech hubs, Beta Boom is reshaping the venture capital scene with its fresh approach and unwavering focus on overlooked founders. With the closing of its $14.5 million Fund II, the US-based VC firm is gearing up to support early-stage startups addressing the critical needs of underserved communities.

Breaking away from the Silicon Valley mold, Beta Boom casts its net wider, scouring America's Heartland for founders deeply connected to the problems they aim to solve. Emphasizing grit and purpose over pedigree, the firm seeks out opportunities in fintech, digital health, and the future of work – sectors ripe for innovation and impact.

Co-founder Kimmy Paluch underscores Beta Boom's commitment to backing startups with real-world solutions and market potential. Their hands-on approach, tailored sourcing strategy, and steadfast support set them apart in an industry often marred by exclusivity.

Backing this vision are notable Limited Partners like Ally Bank and Melinda French Gates' Pivotal Ventures, recognizing Beta Boom's unique position and unwavering dedication to founder success.

Through its previous Fund I and the current Fund II, Beta Boom has already made strides, investing in impactful ventures like Bolder Money, Canopie, and Attane Health, each tackling pressing societal challenges with innovation and purpose.

Co-founder Sergio Paluch emphasizes the firm's belief in founders who have weathered adversity, signaling a shift towards inclusivity and empowerment in the startup ecosystem.

As attested by Attane Health's CEO Emily Brown, Beta Boom's approach sets a new standard, fostering true partnerships and championing founders' potential when others may overlook it.

In a world hungry for innovation, Beta Boom stands as a beacon of hope, championing diversity, resilience, and purpose-driven entrepreneurship.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
Back to top

Related articles

chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram