Bloomberg Beta, US-based media group Bloomberg’s corporate venturing arm, is one of the limited partners (LPs) that have helped early-stage venture capital firm Inner Loop Capital launch its $2.6m Syndicate Fund.
VC firm Gula Tech Adventures has anchored the cybersecurity-focused fund, which also has two family offices and undisclosed founders of cybersecurity companies among its LPs.
Formed in January 2019, Syndicate Fund partners US-based entrepreneurs developing cybersecurity technologies in the Washington metropolitan area and Silicon Valley. It plans to back eight seed-stage companies in the next 18 months, providing between $300,000 and $400,000 per deal.
Inner Loop also targets enterprise technology developers building cloud infrastructure, data analytics and enterprise software-as-a-service offerings.
Bloomberg Beta concentrates its investments in data-centred technologies, and committed to VC firm Unshackled Ventures’ $20m second fund last month.
