Betaworks, the New York City-based holding company investing in the realtime Web, just raised a $20 million Series B. The round was led by RRE Ventures and Intel Capital, DFJ Growth, AOL Ventures, The New York Times, Softbank Japan and Softbank NY, Lerer Investments and Founders Collective, also participated, along with investors from the last round, which was $7.5 million

The company both invests and incubates realtime media startups, including Summize (acquired by Twitter for realtime search), bit.ly, TweetDeck, StockTwits, SuperFeedr, Outside.in, OMGPOP, and gdgt.

CEO John Borthwick says that the funds will be used to do more of the same, invest in and create realtime media startups.

Crunchbase

• BETAWORKS

Company: betaworks

Website: betaworks.com

Funding: $27.5M

betaworks believes in the power of the real-time social web. We believe that the popularity of the real-time and social aspects of the web represent a radical shift in how people use and interact with the Internet. The future is about dynamic streams of information, not static pages. It’s about push, not pull; it’s about enabling publishing tools and data; and it’s about the ways we touch, experience and interact with the Internet and each other. With this...

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