New York – Betaworks, a holding company that invests in and
helps develop online start-ups, has raised $20 million in new funding, led by
Intel Capital and RRE Ventures, GigaOM reported.
Other investors included
Softbank, Founders Collective, DJF Growth, AOL Ventures and The New York Times Co.
New York-based Betaworks has invested in a number of
companies that utilize the Twitter publishing platform, including Summize,
which was acquired by Twitter in 2008.
Other Twitter-related investments include Bit.ly,
Tweetdeck, Chartbeat and Twitterfeed; entertainment-related investments include
Songkick, OMGPOP and Hot Potato.
Betaworks co-founder John Borthwick told
GigaOM that the company will use the funds to be more aggressive in investing
in start-ups, as well as to do more follow-on investments.