By David J. Blumberg, Founder and Managing Partner
We are pleased to announce Blumberg Capital Fund V (BCV), an oversubscribed $225M early-stage fund, dedicated to helping visionary entrepreneurs use AI, big data and other transformative technologies to empower individuals, businesses and society.
BCV builds on our 30 years of experience partnering with technology entrepreneurs from inception throughout their growth journey. Historically, 90% of Blumberg Capital’s initial investments were Seed rounds and our latest fund continues to help build great companies from the get-go. A number of our growth stage companies such as Addepar, Bento, Braze, DoubleVerify, IntSights, Katapult, Trulioo and Yotpo achieved major milestones or made successful exits this year. We’ve learned and grown alongside our fellow entrepreneurs and are energized for the adventures ahead.
Acceleration and Decentralization of Innovation
2021 has been a busy year. We have been very active and investing earlier and more broadly than ever. Out of 16 new BCV companies, 12 were initially Seed rounds and 10 are based outside of Silicon Valley. Innovation is flourishing across borders – in North America, Israel, Europe and beyond. It is a great time to build new companies and the future economy relies on a globally connected innovation ecosystem that empowers entrepreneurs and growth.
The Data-Powered Enterprise in the Era of Virtualization
In this new era of business transformation, we are particularly passionate about how big data and AI are improving how we work and live, expanding access to essential services, empowering workforces and fueling economic prosperity. BCV portfolio companies including Ferrum Health and Zone7 are transforming businesses and entire industries, including financial services, healthcare and supply chain and logistics.
Our Collaborative Approach
Early-stage venture capital is a holistic achievement, when done right. Entrepreneurs sit in the race car driver’s seat and Blumberg Capital team members operate as a pit crew – always ready to help with refueling, tune-ups and bringing fans to the stands. We partner with our portfolio companies as active board members and hands-on advisors for business development, recruiting, fundraising, marketing and collaboration with our CIO Council of 100+ IT decision makers.
Our team is stronger than ever. Stanton Green and Juan Pujadas joined Bruce Taragin in New York, Ilia Shnaidman and Lior Carmel joined Yodfat Harel Buchris and team in Tel Aviv, Jacob Katz joined Roy Lowrance and myself in Miami, and Adrian Vanzyl, Lisa McNamara and Deann Sonoda joined Steve Gillan and team in San Francisco.
As we look to the future, our entire team would like to extend a message of gratitude to our inspirational entrepreneurs, LPs, co-investors and other partners across the innovation ecosystem. Together, we can leverage technology as a force for economic growth and to improve the quality of individual lives around the world.