Connect with us

Technology

Beta Boom Closes $14.5 Million Fund II to Invest in Software Solutions for Fastest-growing, Yet Least Served Populations

Published

on

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. This fund will support early-stage startups that address the most critical needs of the fastest-growing, yet least-served populations.

SALT LAKE CITY, Feb. 13, 2024 /PRNewswire-PRWeb/ — Beta Boom, a pre-seed and seed stage venture capital firm committed to achieving impact at scale, has closed a $14.5 million Fund II raised by Managing Partners Kimmy and Sergio Paluch. With Limited Partners that include Ally Bank, Pivotal Ventures (A Melinda French Gates Company), 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.

“The closing of this fund allows us to continue investing in software startups that not only solve real and meaningful problems, but that also have strong market potential,” said Kimmy Paluch, Co-founder and Managing Partner of Beta Boom.

“The closing of this fund allows us to continue investing in software startups that not only solve real and meaningful problems, but that also have strong market potential. We see the greatest needs and opportunities in fintech, digital health, and the future of work, and that’s where Beta Boom’s focus remains,” said Kimmy Paluch, Co-founder and Managing Partner of Beta Boom. “We’ve always seen ourselves as somewhat of outliers in the VC space, and we have so much conviction in that. Not only have we created a sourcing strategy that’s purpose-built to identify incredible founders outside major tech hubs like Silicon Valley, but we are also ludicrously hands-on in the way we support our founders – because our investment in their success is driven by purpose.”

“Beta Boom is doing something different. We’ve been impressed by Kimmy’s deep experience and relationships, allowing the team to have steady, individualized support for their founders. Their unmatched growth mindset gives them the flexibility to learn, absorb, and adjust in an unpredictable ecosystem,” Erin Harkless Moore, Senior Director of Investments at Pivotal Ventures.

Priding themselves on a fiercely untraditional approach to evaluating founders, Beta Boom looks beyond referral networks and major tech hubs, consciously focusing across America’s Heartland. Prospective investments are evaluated on more than 30 dimensions across 5 categories – nearly 50 percent of which is attributed to the team execution and founder qualities such as grit. Attributes related to pedigree, like having attended an Ivy League school, results in detracted points to adjust for bias.

In hopes of taking a closer look at pedigree bias, Beta Boom recently conducted an analysis of the top 10 venture capital firms. After analyzing more than 800 seed investments made throughout the last five years, they found that 69 percent of investments were linked to pedigree.

“Many of our founders tell us that Beta Boom is the first time they feel like they’ve been taken seriously – which is both encouraging and disconcerting at the same time. We don’t care about a founder’s professional background or location; what we’re truly looking for is someone who has persevered in the face of adversity,” said Sergio Paluch, Co-founder and Managing Partner of Beta Boom. “Founders who are intimately connected to the problem they are trying to solve not only have a proven track record, but also have the power to become the next generation of unicorn founders – if given the opportunity.”

“Beta Boom’s approach is truly unique and special. Time and time again Kimmy and Sergio demonstrate their roles as true partners and champions, and not only because they provide critical, actionable support, but also because they see the potential and greatness in founders when they often struggle to see it themselves. Simply put, Beta Boom sets a new standard for the relationship investors need to have with their portfolio companies,” said Emily Brown, Co-founder and CEO of Attane Health.

Through a self-funded Fund I and its current Fund II, Beta Boom has already invested in 20 companies alongside leading investors like Union Square Ventures, Acumen America, SoGal Ventures, Serena Ventures, BBG Ventures, Alumni Ventures Group and others; supporting impact-driven companies like:

Bolder Money, an online money coaching program, that has increased the wealth of members by an average of $12KCanopie, addressing the maternal mental health crisis with accessible, evidence-based care, and has helped 80% of its mothers achieve clinically significant improvements in depression scoreAttane Health, providing healthy food access for those living with chronic health conditions such as diabetes and heart disease, which affect one-third of all Americans

Beta Boom’s General Partners have led innovation and growth projects for some of the world’s leading brands, companies like Google and TiVo. Individually, and as a firm, they have been awarded for their commitment to changing both the business and venture capital landscape through recognition from Utah Business, Kem C. Gardner Institute, Silicon Slopes, Living Color, and other highly-respected accolades and organizations.

About Beta Boom

Since 2018, Beta Boom has invested in early-stage software companies solving the most critical needs of the fastest-growing, yet least-served, populations. Committed to investment principles that are fiercely untraditional, Beta Boom values grit and perseverance over pedigree and looks beyond Silicon Valley for founders who are intimately connected to the problems they’re trying to solve. The firm invests primarily in fintech, digital health, and the future of work, areas where the greatest opportunities lie in addressing unmet needs, at scale. Co-founded by Kimmy and Sergio Paluch, who have led product innovation projects for companies like Google and TiVo, Beta Boom is backed by Limited Partners that include Ally Bank, Pivotal Ventures (A Melinda French Gates Company), Bank of America, and Atento Capital. For more information about Beta Boom visit https://betaboom.com/.

Media Contact

Liza Vilnits, Beyond Trending PR, 1 508-333-8548, liza@beyondtrendingpr.com

View original content to download multimedia:https://www.prweb.com/releases/beta-boom-closes-14-5-million-fund-ii-to-invest-in-software-solutions-for-fastest-growing-yet-least-served-populations-302060107.html

SOURCE Beta Boom

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Larsa Pippen Still Fabulous at 50: Celebrates Larsa Light Launch at Birthday Party

Published

on

By

Larsa Light Celebrates Her 50th Birthday at the Boca Resort

BOCA RATON, Fla. , July 13, 2024 /PRNewswire-PRWeb/ — The enchanting ambiance of the Boca Resort in Boca Raton, Florida, was the perfect setting for Larsa Pippen’s milestone celebration as she turned 50 on Wednesday, July 10th, 2024. The evening was not only a celebration of Larsa’s fabulous fifty years but also marked the official launch of her new product, the Larsa Light.

Larsa, renowned for her timeless beauty and vibrant personality, shined brighter than ever as she introduced the Larsa Light, a revolutionary selfie light designed to enhance every photo. Friends, family, and fans gathered to celebrate her achievements and the debut of this exciting new venture.

The party was elevated by performances from country music stars Zay Wilson, Ricky Young, and Dustin Lynch. Their energetic and heartfelt performances kept the guests entertained throughout the night. As the evening progressed, Larsa was seen mingling and getting friendly with the performers, adding a touch of personal charm to the festivities.

The event was a blend of glamour, music, and celebration, perfectly encapsulating Larsa’s dynamic spirit and her enduring influence in both the entertainment and business worlds. The Larsa Light launch at her 50th birthday party is just the beginning of yet another exciting chapter in her illustrious journey.

For more information on the Larsa Light and the birthday celebration, please contact:

Alana Bernwinkler

About Larsa Pippen

Larsa Pippen is a prominent television personality, entrepreneur, and social media influencer known for her vibrant lifestyle and business acumen. With the launch of the Larsa Light, she continues to expand her brand, bringing innovative products to her dedicated followers.

Media Contact

Alana Bernwinkler, The Berman Team, 1 4078667350, alana@thebermanteam.com, www.thebermanteam.com

View original content to download multimedia:https://www.prweb.com/releases/larsa-pippen-still-fabulous-at-50-celebrates-larsa-light-launch-at-birthday-party-302196064.html

SOURCE Larsa Pippen

Continue Reading

Technology

MEDIA ADVISORY – Minister Wilkinson to Make Transportation Infrastructure Announcement to Support Critical Minerals Development

Published

on

By

OTTAWA, ON, July 13, 2024 /CNW/ – The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources; the Honourable Josie Osborne, British Columbia’s (BC) Minister of Energy, Mines and Low Carbon Innovation; the Honourable Rob Flemming, BC Minister of Transportation and Infrastructure; as well as representatives from the Tahltan First Nation Central Government, Mining Association of BC and Industrial Equipment Manufacturing Ltd; will make a transportation infrastructure announcement to improve the safety and connectivity of northwest BC communities while supporting critical minerals development.

A media availability will follow. 

Date: Monday, July 15, 2024

Time: 11 a.m. PT

Location:
Industrial Equipment Manufacturing Ltd.
109 – 19433 96th Ave
Surrey, British Columbia V4N 4C4

Media Dial-in Number: 1-800-717-1738

Conference ID: 72812

For media joining on-site, parking is available at the west entrance parking lot. From 96th Avenue, use the west entrance (ignore the exit sign). Enter the complex and head straight to the parking lot. 

Follow us on LinkedIn

SOURCE Natural Resources Canada

Continue Reading

Technology

Bolt Data Announces Strategic Partnership with Boomi to Provide Customers with Seamless Integrations

Published

on

By

Bolt Data and Boomi form a strategic alliance to support CRM and software integrations.

NEW YORK, July 13, 2024 /PRNewswire-PRWeb/ — Bolt Data, a leading consulting and software company, and Boomi, a leading cloud integration and data management solutions provider, are pleased to announce a new, strategic partnership. This partnership aims to empower Bolt Data and Boomi’s joint customers by enabling them to connect their CRM solutions to external software platforms like enterprise resource planning (ERP), finance and billing, and field service management (FSM) systems.

By joining forces, Bolt Data will continue to leverage Boomi solutions to achieve efficient connectivity and ensure accurate, consistent data across various software touchpoints. One of the biggest obstacles in any CRM integration project is eliminating data latency and data silos. This partnership guarantees customers a reliable integration service through a seamless continuity of expertise.

“Our integration architects have used Boomi’s integration platform for years, but making this an official partnership is the next logical step in solidifying our relationship with Boomi,” said Rob Meredith, Chief Executive Officer at Bolt Data. “Integrations don’t have to be a stressful or cumbersome experience. With our partnership, we’re able to streamline the entire integration process for our customers.”

In fact, Bolt Data recently used Boomi to help a global medical device manufacturing company connect to its field service management software, ServiceMax, in order to streamline service information like work orders to SAP.

“We’re actively planning for the future and uncovering new and innovative ways to grow with Boomi and maximize the ways companies can use Salesforce with external systems,” added Meredith.

To learn more about how Bolt Data’s partnership with Boomi can help your company, visit bolt-data.com

About Bolt Data

Bolt Data is a leading software and consulting firm that empowers service professionals to unlock their full potential through AI, IoT and service implementations. With over a decade of specialized experience in the service industry, Bolt Data has transformed service organizations worldwide by enabling them to service smarter. For more information, please visit www.bolt-data.com.

About Boomi

Boomi is a leader in the integration and automation software market, trusted by over 20,000 global customers. Boomi is also a Gartner Magic Quadrant leader in the iPaaS industry. The Boomi platform connects applications, data, and devices across various environments, enabling businesses to automate workflows, manage APIs, and ensure seamless data integration. Boomi’s cloud-native architecture and low-code interface simplify the integration process, making it an ideal choice for organizations looking to modernize their IT infrastructure and achieve digital transformation.

Media Contact

Morena Kubat, Bolt Data, 1 7853202722, hello@bolt-data.com, www.bolt-data.com

Twitter, LinkedIn

View original content to download multimedia:https://www.prweb.com/releases/bolt-data-announces-strategic-partnership-with-boomi-to-provide-customers-with-seamless-integrations-302194796.html

SOURCE Bolt Data

Continue Reading

Trending