Betaworks

Betaworks is a product-focused, seed-stage venture capital fund, having invested in more than 150 companies including Rec Room, Hugging Face, Stability AI, Twitter, Venmo, and more.

Betaworks is a product-focused, seed-stage venture capital fund.

GitHubRepository owner

Betaworks holds a 5.5% stake in Hugging Face, valued at about $650 million at the company’s $11.9 billion acquisition price for stockholders. John Borthwick’s venture firm wrote Hugging Face’s first check, while A.Capital says it could receive $1.5 billion from the sale.

Sep 2026 · Wall Street JournalNews article

Flipboard acquires Portland-based Graze to expand open social protocols and give users more control over content algorithms. Graze’s no-code platform lets creators, publishers, and other users build and monetize custom social algorithms, delivering more than 41 billion posts to 12 million users. The deal pairs Flipboard’s discovery tools with Graze’s algorithmic engine; Graze’s service remains online, and co-founder Devin Gaffney and engineer Nick Gerakines join Flipboard. Financial terms are undisclosed.

Aug 2026 · GeekWireNews article

Era raises $11 million to build a software platform that lets hardware makers create AI agents and orchestrations for gadgets. The funding includes a $9 million seed round led by Abstract Ventures and BoxGroup, following $2 million in pre-seed funding from Topology Ventures and Betaworks. Era’s platform offers more than 130 large language models from over 14 providers for devices such as glasses, jewelry, and home speakers.

Apr 2026 · TechCrunchNews article