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Social Media Incubator Betaworks Gets $20 Million From NYT, AOL Ventures, Others

Betaworks, the NYC-based tech investor and social media incubator that has positioned itself at the center of the ‘real-time web,’ has raised $20 million in a round led by RRE Ventures and Intel (NSDQ: INTC) Capital. Other new investors include AOL (NYSE: AOL) Ventures, the New York Times (NYSE: NYT), Softbank Japan and Softbank NY, DFJ Growth, and Lerer Media Ventures, the company tells us.

The sites Betaworks has incubated or invested in are a who’s who of the hottest social media startups around right now: bit.ly, Twitterfeed, Superfeedr, Chartbeat, DailyBooth, Hot Potato, Outside.in—to name a few. Betaworks also owns a stake in Twitter via its sale of Summize to the company in July 2008.

More to come.

Mar 11, 2010 12:45 PM ET

John Borthwick Photo: http://www.flickr.com/photos/maryhodder/31084560/

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Posted In: Money, M&A & Venture Capital, Venture Capital, Social Media

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