HomeUSABeta Boom Closes $14.5M Fund II

Beta Boom Closes $14.5M Fund II

Managing Partners Kimmy and Sergio Paluch

Beta Boom, a Salt Lake City, UT-based pre-seed and seed stage venture capital firm, has closed a $14.5M Fund II.

Limited Partners include Ally Bank, Pivotal Ventures (A Melinda French Gates Company), Bank of America, and Atento Capital.

Led by Managing Partners Kimmy and Sergio Paluch, the fund will support early-stage startups that address the most critical needs of the fastest-growing, yet least-served populations.

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. Through a self-funded Fund I and its current Fund II, Beta Boom has already invested in 20 companies alongside 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
  • Canopie, which addresses the maternal mental health crisis with accessible, evidence-based care
  • Attane Health, which provides healthy food access for those living with chronic health conditions such as diabetes and heart disease, which affect one-third of all Americans

VCWire

13/02/2024