The, but that hasn't stopped Bloomberg from jumping onto the fund and becoming the first "Enterprise 100" backer.
For US$80,000, the company will receive 100 Ubuntu Edge smartphones, 30 days of online support, and access to "best-practice workshops".
"Bloomberg supports open innovation and initiatives, such as Ubuntu Edge, that align with our software development and business priorities," said Shawn Edwards, Bloomberg chief technology officer in a funding update.
"With this investment, Bloomberg developers will contribute to an open technology initiative that could benefit our clients and have a powerful impact on the future of mobile computing."
The fund to create a smartphone that dual boots into Android, Ubuntu Phone OS, and Ubuntu desktop raised US$2 million in its first eight hours, but has, in the last couple of weeks, only raised a further US$6.4 million.
The final funding target for the device is US$32 million. If that amount is not raised, the project will not proceed.