Blumberg Capital
TypePrivate
IndustryEarly Stage Venture Capital
Founded1991
FounderDavid J. Blumberg[1][2]
Headquarters
San Francisco, California
,
U.S.A.
Websiteblumbergcapital.com

Blumberg Capital is an early-stage venture capital firm that partners with entrepreneurs to innovate and build technology companies. The firm specializes in leading Seed and Series A rounds collaborating with angel investors, other venture capital firms and strategic partners. Blumberg Capital is headquartered in San Francisco with team members in Tel Aviv, Miami, and New York. Blumberg Capital was founded in 1991 by David J. Blumberg.[3][4] The firm's investments typically range from $500,000 to $5-million with additional amounts reserved for follow-on funding.

Blumberg Capital invests in early stage capital efficient technology companies in North America, Israel and Europe which are automating the white collar economy by merging big data and artificial intelligence (AI), integrating IT and healthcare, transforming the automotive industry from a product to service, FinTech, PropTech, InsureTech, building data businesses with growing barriers to entry, such a marketplaces, orchestrating and simplifying cybersecurity operations; addressing new challenges, innovating in new domains, including: Deep tech, IoT, drones and space.

Blumberg Capital has an invitation-only council of CIOs that connects members and portfolio company entrepreneurs to provide introductions, forge partnerships and engage in conversations about business and technology trends. With more than 100 members, the Council meets regularly in San Francisco and New York.

On September 17, 2021, Blumberg Capital announced its fifth flagship fund, Blumberg Capital Fund V, an early stage fund to help entrepreneurs use AI, big data, and other transformative technologies to "empower individuals, businesses and society."[5] The fund raised $225M, the most of any its four previous funds, bringing Blumberg Capital's total amount raised to over $750M. Blumberg Capital Fund V (BCV) portfolio companies include Ferrum Health, Slync.io, and Zone7, among others in the fintech, health tech, supply chain and logistics industries and beyond. Out of 16 new BCV companies, 12 were initially Seed rounds. Blumberg Capital was the first investor in many of these startups, including Braze, DoubleVerify, Katapult and Trulioo.

A number of Blumberg Capital’s growth stage companies such as Addepar, Bento, Braze, DoubleVerify, IntSights, Katapult, Trulioo and Yotpo achieved major milestones or made successful exits in 2021. The firm was named among three big winners, alongside Tiger Global and Providence Equity Partners in “The Big Winners in DoubleVerify’s Public Debut.”

Blumberg backed companies including Addepar,[6] BioCatch, Braze, CaseStack, Check Point, Credorax, Cyvera, Deep Instinct, DoubleVerify, DSP Group, Easyknock, efi, eVoice, Fundbox,[7] HootSuite, Lendio, Namogoo, Nutanix, Parse.ly, SQream DB, WorkJam,[7] Trulioo,[8] CoverHound, IntSights, Ferrum Health, Slync.io, Wunder Mobility, and Apester (Heb).[9]

References

  1. ↑ Desk, AIT News (2019-08-05). "Survey Reveals Significant Disparity in Consumer Sentiment Towards AI". AiThority. Retrieved 2020-07-29.
  2. ↑ "Venture capital and health system investors are bullish on tech startups". Modern Healthcare. 2020-01-18. Retrieved 2020-07-29.
  3. ↑ O’Brien, Chris (25 May 2011). "O'Brien: LinkedIn doesn't mean we're in a bubble". Mercury News. Retrieved 11 March 2014.
  4. ↑ Calvey, Mark (21 January 2011). "Venture capitalists fly into angels' territory". San Francisco Business Journal. Retrieved 11 March 2014.
  5. ↑ Sonoda, Deann (2021-09-17). "Fund V: Seeding the Next Generation of Innovation". Blumberg Capital. Retrieved 2022-04-25.
  6. ↑ O'Mara, Kelly (10 June 2012). "Addepar means to be the only technology platform RIAs will ever need -- and has MIT minds and PayPal money to back it up". United States: RIABiz. RIABiz LLC. Retrieved 13 February 2017.
  7. 1 2 "Companies | Blumberg Capital". www.blumbergcapital.com. Retrieved 2019-02-01.
  8. ↑ Novet, Jordan (11 March 2014). "Funding Daily: Electricity, Clouds, and Spam". Venture Beat. Retrieved 11 March 2014.
  9. ↑ Schiff, Allison (11 March 2014). "Funding Daily: Electricity, Clouds, and Spam". Venture Beat. Retrieved 20 April 2016.
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