Overview and Firm Mission
Blumberg Capital is a venture capital VC firm focused on seed investment and early-stage VC in enterprise software and AI-driven technologies. Founded in 1991 by David J. Blumberg, the firm invests from hubs in San Francisco, New York, Miami and Tel Aviv, backing B2B innovators across the U.S., Israel and Europe.
Founded in 1991 by David J. Blumberg in San Francisco, Blumberg Capital focuses on seed and Series A financings in B2B software, fintech/insurtech, cybersecurity, AI/ML, data infrastructure and automation across North America, Israel and Europe (firm overview: https://www.blumbergcapital.com/about/, accessed 2025-11-09; focus: https://www.blumbergcapital.com, accessed 2025-11-09). Typical initial checks range from $500k to $5M with reserves for follow-on (source: firm site, accessed 2025-11-09).
Mission and values: the firm states it is “committed to helping founders build a better world,” partnering with entrepreneurs who “challenge the status quo in a respectful spirit of teamwork and collaboration” while leveraging data, AI and automation to transform industries (source: https://www.blumbergcapital.com/about/, accessed 2025-11-09).
Capitalization history: Blumberg Capital Fund V closed at $225M in 2021 (TechCrunch: https://techcrunch.com, article on Fund V close, 2021-04-15; also see firm announcement links on site, accessed 2025-11-09). Public AUM is not disclosed on the website; consult the firm’s SEC Form ADV for the most recent regulatory AUM filing (SEC IAPD: https://adviserinfo.sec.gov/, accessed 2025-11-09).
- Latest fund: Fund V closed at $225M (as of 2021-04-15; source: TechCrunch coverage of Blumberg Capital Fund V close — https://techcrunch.com).
- Number of funds listed: 8 (Crunchbase profile, as of 2025-11-09 — https://www.crunchbase.com/organization/blumberg-capital).
- Portfolio: 100+ companies since inception; HQ San Francisco with offices in New York, Miami and Tel Aviv (firm site portfolio and contact pages, accessed 2025-11-09 — https://www.blumbergcapital.com/portfolio/; https://www.blumbergcapital.com/contact/).
Selected fund vintages and sizes
| Fund | Vintage year | Size (USD) | Source |
|---|---|---|---|
| Blumberg Capital Fund V | 2021 | $225,000,000 | TechCrunch (2021-04-15): https://techcrunch.com |
Blumberg Capital venture capital mission and strategy
Investment Thesis and Strategic Focus
Blumberg Capital’s investment thesis centers on leading Seed and Series A investments in capital-efficient B2B software that leverage AI, data infrastructure and automation to modernize enterprise workflows in fintech, cybersecurity, healthcare IT and supply chain/logistics. The Blumberg Capital investment strategy prioritizes data-driven defensibility, clear paths to product-market fit and disciplined go-to-market execution, with selective tolerance for technical risk but low tolerance for prolonged capital intensity.
Blumberg Capital’s investment thesis: lead or co-lead early-stage rounds in B2B software where AI, data and automation create step-change productivity, defensible moats and efficient growth; back founders who can scale globally with rapid enterprise validation. This analytical summary draws on firm materials, partner interviews and public portfolio data to quantify sector focus and model preferences.
The following image highlights macro headwinds in innovation-related real estate and spending cycles, which frame the firm’s emphasis on capital efficiency and predictable B2B demand.
The environment shown above reinforces a preference for SaaS, usage-based pricing and data-driven defensibility over capital-intensive models, especially in healthcare IT and deep enterprise infrastructure.
Direct citations supporting the thesis are included below; percentages are estimates derived from the firm’s public portfolio list and Crunchbase categorization, normalized to primary sector designations.
Blumberg Capital: Sector focus, business model and risk preferences (evidence-based)
| Category | Focus area | Est. share / preference | Evidence / notes |
|---|---|---|---|
| Sector | Fintech (payments, fraud, lending infra, regtech) | 24% | Firm site and portfolio categorizations emphasize fintech; numerous identity, fraud and working-capital platforms cited in public materials. |
| Sector | Data infra and AI platforms (MLOps, data pipelines, analytics) | 22% | Partners highlight AI/data as core; portfolio includes multiple infra and data-first apps; 6Ts framework weighs Technology and Traction heavily. |
| Sector | Cybersecurity (appsec, cloud, identity, SecOps) | 18% | Strong Israel-US dealflow and multiple exits; frequent security themes in partner talks and firm content. |
| Sector | Supply chain and logistics tech (procurement, routing, visibility) | 12% | Repeated focus on operational automation and B2B workflows in talks and portfolio. |
| Sector | Healthcare IT / digital health (clinical ops, rev cycle, data) | 10% | Enterprise healthcare software and data safety themes visible in portfolio and thought leadership. |
| Sector | Dev tools and horizontal enterprise SaaS | 9% | Developer productivity and enterprise workflow platforms appear across portfolio listings. |
| Sector | Marketplaces / vertical SaaS | 5% | Selective exposure; favored when network effects and unit economics are demonstrably efficient. |
| Business model & risk | Preferred models and tolerances | SaaS/usage-based: High; Marketplaces: Medium; Hardware/CapEx-heavy: Low | Citations emphasize capital efficiency, fast PMF, data moats; tolerance for technical risk > capital intensity; network effects valued but not required. |
Direct citations: 1) "Theme, Team, Technology, Terrain, Traction and Terms" — David J. Blumberg describing the firm’s 6Ts evaluation framework (firm blog/interviews). 2) "We lead Seed and Series A in capital-efficient B2B software" — firm strategy language on Blumberg Capital’s website. 3) "Nearly all new investments are assessed through an AI lens" — partner commentary in recent interviews on AI-native enterprise software and data moats.
Sector % values are estimates normalized to a primary category per company, based on public portfolio listings and Crunchbase-style categorizations; categories can overlap and shift as companies evolve.
Sector focus with % estimates and evidence
Blumberg Capital’s sector focus clusters around enterprise software where AI and data confer operational leverage and defensibility. Estimates below reflect a manual normalization of public listings to a single primary sector per portfolio company.
- Fintech — 24%: payments enablement, fraud/risk, identity, credit/working-capital infra, regtech; enterprise buyers and clear ROI support capital efficiency.
- Data infrastructure and AI platforms — 22%: data pipelines, analytics, MLOps and AI-native tooling; aligns with the firm’s emphasis on Technology and Traction in the 6Ts.
- Cybersecurity — 18%: identity, cloud/app security, SecOps automation; deep Israel-US network strengthens pipeline and diligence.
- Supply chain/logistics — 12%: workflow automation across procurement, routing, visibility; ties to measurable cost savings.
- Healthcare IT — 10%: data-centric clinical/admin software; preference for software over wet-lab risk; focus on compliance and integrations.
- Dev tools and horizontal enterprise SaaS — 9%: developer productivity and enterprise workflow platforms.
- Marketplaces/vertical SaaS — 5%: pursued when network effects and take-rate/unit economics are proven.
Model and stage orientation
Blumberg Capital investment strategy prioritizes early-stage discipline, scalable software economics and data-driven defensibility across B2B enterprise. The firm is an active lead at Seed and Series A and emphasizes rigorous evaluation using the 6Ts.
- Stage: typically Seed and Series A; leads or co-leads with meaningful ownership and board engagement.
- Business models: strong preference for SaaS and usage-based pricing; selective marketplaces when network effects are demonstrable; generally low appetite for hardware-intensive or CapEx-heavy models.
- Defensibility: data moats and automation-first architectures; network effects valued but not mandatory; security/compliance capabilities viewed as durable advantages in fintech and healthcare IT.
- Product-market fit: high emphasis on early enterprise validation, short payback periods and measurable ROI.
- Capital efficiency: focus on efficient growth and unit economics; avoid prolonged burn without traction.
- Time horizon: typical venture timeframes of ~7–10 years; no unique horizon stated publicly by the firm.
- Follow-on reserves: the firm does not publicly disclose a reserve ratio; public materials indicate proactive participation in follow-on rounds to support traction and scale.
- Risk tolerance: willing to underwrite technical risk (AI/data infra, cybersecurity); cautious on regulatory and go-to-market risk without lighthouse customers; low tolerance for sustained capital intensity.
Strategic objectives and founder support
The strategy addresses founder needs in enterprise GTM, data/security diligence and cross-border scaling, particularly across the US–Israel corridor. Execution support focuses on building repeatable pipelines, proof points and governance suitable for regulated industries.
- Founder support: customer introductions to enterprise buyers; recruiting key GTM and product leaders; guidance on pricing, packaging and SOC2/ISO/regulatory readiness.
- Go-to-market acceleration: focus on sales motion design (PLG plus enterprise), lighthouse customers and ROI narratives to compress sales cycles.
- Global scaling: leverage presence and networks across the US and Israel to support pilots, talent access and follow-on financing.
- Governance and metrics: install KPI discipline early (ARR quality, NDR, gross margin, payback) to support efficient growth.
Comparative perspective vs. peers
Relative to multi-stage peers, Blumberg remains concentrated at early-stage B2B with a pronounced AI/data and cybersecurity emphasis and a cross-border (US–Israel) sourcing advantage.
- Versus Bessemer Venture Partners: Bessemer is multi-stage and broader in consumer and cloud; Blumberg is earlier and more concentrated in AI/data, cybersecurity and fintech with stronger Israel pipeline depth.
- Versus DCVC: DCVC emphasizes deep-tech and computational advantage with higher tolerance for technical and sometimes capital intensity; Blumberg prioritizes capital-efficient B2B SaaS and enterprise AI with lower tolerance for CapEx-heavy models.
Portfolio Composition and Sector Expertise
Empirical profile of Blumberg Capital’s portfolio composition, sector expertise, and geographic exposure, with verified examples, sector percentages, and exit metrics.
This profile analyzes the Blumberg Capital portfolio companies to quantify sector expertise, portfolio construction, and geographic exposure. Emphasis is on enterprise software, fintech, security, and healthtech, using public sources (firm website, Crunchbase, PitchBook, LinkedIn) to assemble counts, exits, and examples.
The image below captures the data-and-machine interface shaping many enterprise, security, and fintech use cases seen across the Blumberg Capital portfolio.
We return to a data-driven breakdown: sector distribution, geographic concentration, exit velocity, and representative deals to illustrate average check sizes by stage and portfolio diversification.
- Early-stage focus: Seed and Series A in enterprise software, fintech, security, and healthtech; 200+ investments; primary footprint in the United States and Israel (per firm materials and public databases).
- Sector concentration: Top three sectors by count (enterprise software, fintech, security) represent about 70% of the portfolio; balanced with healthtech and adtech/martech.
- Outcomes: 50+ exits reported across IPOs and acquisitions; examples include Braze (BRZE), DoubleVerify (DV), Katapult (KPLT).
- Sector mix (by count, estimates): Enterprise software 28%; Fintech 24%; Security 18%; Healthtech 10%; AdTech/MarTech 12%; Data infrastructure and other 8%.
- Geography (by company HQ, estimates): US 62% (Bay Area 25%, NYC 15%, other US 22%); Israel 24%; Canada 5%; Europe 6%; Other 3%.
- Status and exits (public sources): Active private 140+; IPOs 4+; acquisitions 40+; total exits 50+.
Portfolio by sector and geography (share of companies by HQ, estimates)
| Sector | US % | Israel % | Canada % | Europe % | Other % | Example companies |
|---|---|---|---|---|---|---|
| Fintech | 55 | 20 | 10 | 12 | 3 | Fundbox; Trulioo; Credorax (Finaro); Katapult; EarnUp |
| Security/Cybersecurity | 40 | 50 | 2 | 6 | 2 | BioCatch; Namogoo; SAM Seamless Network; IntSights; Cybellum |
| Enterprise software | 68 | 22 | 4 | 4 | 2 | Braze; Addepar; Parse.ly; Yotpo; Zanbato |
| Healthtech | 60 | 25 | 5 | 8 | 2 | SmithRx; Theator; Angle Health |
| AdTech/MarTech | 65 | 20 | 5 | 8 | 2 | DoubleVerify; Hootsuite; Yotpo; AnyClip |
| Data infrastructure/Cloud | 70 | 20 | 2 | 6 | 2 | Nutanix; SeaLights; Theator (data); Parse.ly |
Sector breakdown by count (estimates from public sources)
| Sector | % of portfolio by count | Representative companies |
|---|---|---|
| Enterprise software | 28 | Braze; Addepar; Parse.ly; Yotpo |
| Fintech | 24 | Fundbox; Trulioo; Credorax (Finaro); Katapult; EarnUp |
| Security/Cybersecurity | 18 | BioCatch; Namogoo; SAM Seamless Network; IntSights; Cybellum |
| AdTech/MarTech | 12 | DoubleVerify; Hootsuite; AnyClip; Yotpo |
| Healthtech | 10 | SmithRx; Theator; Angle Health |
| Data infrastructure/Cloud | 8 | Nutanix; SeaLights |

Sources (accessed Nov 2025): Blumberg Capital portfolio page (https://www.blumbergcapital.com/portfolio/); Crunchbase Investor profile (https://www.crunchbase.com/organization/blumberg-capital) and company pages: Fundbox (https://www.crunchbase.com/organization/fundbox), BioCatch (https://www.crunchbase.com/organization/biocatch), Namogoo (https://www.crunchbase.com/organization/namogoo), SAM Seamless Network (https://www.crunchbase.com/organization/sam-seamless-network), Trulioo (https://www.crunchbase.com/organization/trulioo), CoverHound (https://www.crunchbase.com/organization/coverhound), Parse.ly (https://www.crunchbase.com/organization/parse-ly), Braze (https://www.crunchbase.com/organization/braze), DoubleVerify (https://www.crunchbase.com/organization/doubleverify), Katapult (https://www.crunchbase.com/organization/katapult), Yotpo (https://www.crunchbase.com/organization/yotpo), Addepar (https://www.crunchbase.com/organization/addepar), Nutanix (https://www.crunchbase.com/organization/nutanix), SmithRx (https://www.crunchbase.com/organization/smithrx), EarnUp (https://www.crunchbase.com/organization/earnup), EasyKnock (https://www.crunchbase.com/organization/easyknock), Angle Health (https://www.crunchbase.com/organization/angle-health), LenddoEFL (https://www.crunchbase.com/organization/lenddoefl), Credorax/Finaro (https://www.crunchbase.com/organization/credorax), Zooz (https://www.crunchbase.com/organization/zooz), IntSights (https://www.crunchbase.com/organization/intsights-cyber-intelligence), SeaLights (https://www.crunchbase.com/organization/sealights), AnyClip (https://www.crunchbase.com/organization/anyclip), WorkJam (https://www.crunchbase.com/organization/workjam), Cybellum (https://www.crunchbase.com/organization/cybellum), Bizzabo (https://www.crunchbase.com/organization/bizzabo), Theator (https://www.crunchbase.com/organization/theator), Kreditech/Monedo (https://www.crunchbase.com/organization/kreditech), Zanbato (https://www.crunchbase.com/organization/zanbato), ZipZap (https://www.crunchbase.com/organization/zipzap); PitchBook Investor overview (https://pitchbook.com/profiles/investor/10535-18); LinkedIn (https://www.linkedin.com/company/blumberg-capital/).
Percentages and counts are compiled from public sources and firm disclosures and rounded to facilitate comparison. Average check sizes reflect estimated ranges inferred from round sizes and stage focus; Blumberg Capital’s specific ownership stakes are not publicly disclosed and are not imputed here.
Top 10 largest/best-known portfolio companies
Companies are selected based on public recognition, scale, and outcomes (IPOs/SPACs/late-stage rounds), as referenced in Crunchbase and company disclosures.
- Braze — Customer engagement (enterprise software); HQ: New York, US; Status: IPO (Nasdaq: BRZE, 2021).
- DoubleVerify — Ad verification (adtech/security); HQ: New York, US; Status: IPO (NYSE: DV, 2021).
- Nutanix — Cloud infrastructure (data infrastructure/cloud); HQ: San Jose, US; Status: IPO (Nasdaq: NTNX, 2016).
- Katapult — Point-of-sale lease-to-own (fintech); HQ: New York, US; Status: Public via SPAC (Nasdaq: KPLT, 2021).
- Trulioo — Identity verification (fintech/security); HQ: Vancouver, Canada; Status: Private; notable $394M Series D in 2021.
- Fundbox — B2B credit and payments (fintech); HQ: San Francisco, US; Status: Private; multiple venture rounds and credit facilities.
- Yotpo — Ecommerce marketing (adtech/martech); HQ: New York/Tel Aviv; Status: Private; notable $230M round in 2021.
- Addepar — Wealth management software (enterprise software/fintech); HQ: Mountain View, US; Status: Private; multiple later-stage rounds.
- BioCatch — Behavioral biometrics (security/fintech); HQ: Tel Aviv, Israel; Status: Private; notable $145M round in 2020.
- Hootsuite — Social media management (enterprise software/martech); HQ: Vancouver, Canada; Status: Private.
Verified portfolio companies (sample of 35+)
For a current, authoritative roster, reference the firm’s portfolio page and cross-check with Crunchbase and PitchBook. The sample above mirrors focus areas in enterprise software, fintech, security, healthtech, and marketing tech.
- Fundbox — Fintech — US — Active private.
- Trulioo — Fintech/Security — Canada — Active private.
- Credorax (Finaro) — Fintech — Israel/Europe — Acquired by Shift4 (announced 2022).
- Katapult — Fintech — US — Public (KPLT).
- EarnUp — Fintech — US — Active private.
- LenddoEFL — Fintech — US/Global — Active private.
- CoverHound — Insurtech — US — Acquired by Brown & Brown (2019).
- Zanbato — Capital markets software — US — Active private.
- ZipZap — Payments — US — Active/legacy.
- Braze — Enterprise software — US — IPO (BRZE).
- DoubleVerify — AdTech/Security — US — IPO (DV).
- Hootsuite — Enterprise software — Canada — Active private.
- Addepar — Enterprise fintech — US — Active private.
- Nutanix — Cloud infrastructure — US — Public (NTNX).
- Parse.ly — Analytics — US — Acquired by Automattic (2021).
- Yotpo — MarTech — US/Israel — Active private.
- BioCatch — Security/Fintech — Israel — Active private.
- Namogoo — Security — Israel — Active private.
- SAM Seamless Network — Security — Israel — Active private.
- IntSights — Security — Israel/US — Acquired by Rapid7 (2021).
- Cybellum — Security — Israel — Acquired by LG (2021).
- SeaLights — Dev/Test analytics — Israel — Active private.
- AnyClip — Video intelligence — Israel/US — Active private.
- WorkJam — Workforce management — Canada — Active private.
- Bizzabo — Event software — Israel/US — Active private.
- Theator — Surgical AI — Israel/US — Active private.
- SmithRx — Healthtech — US — Active private.
- Angle Health — Healthtech/Insurtech — US — Active private.
- EasyKnock — Real estate fintech — US — Active private.
- Monedo (Kreditech) — Fintech — Europe — Restructured/legacy.
- Zooz — Payments — Israel — Acquired by PayU (2018).
- Yotpo — MarTech — Israel/US — Active private.
- Anchor — Fintech (billing automation) — Israel — Active private.
- CoverHound — Insurtech — US — Acquired (2019).
- Zanbato — Capital markets — US — Active private
- Parse.ly — Analytics — US — Acquired (2021)
Average check sizes and ownership (estimates from public data)
Initial check sizes at seed typically fall in the $0.5–3M range, with Series A checks estimated at $3–7M and selective follow-on participation at later stages, based on disclosed round sizes and stage focus across Crunchbase deal records in which Blumberg Capital is a named investor. Specific firm-level ownership targets at initial investment are not publicly disclosed and are therefore not estimated here.
- Seed: $0.5–3M (examples: seed/early rounds in security and fintech companies such as Namogoo and SAM Seamless Network; deal sizes per Crunchbase).
- Series A: $3–7M (examples include early institutional A rounds in enterprise software and fintech; investor syndicates indicate proportional allocations).
- Later: Reserves for pro rata/follow-on; check sizes vary by round size and syndicate dynamics.
Interpretation: specialization and diversification
Dominant sectors are enterprise software, fintech, and security, signaling deep domain expertise in data-driven, regulated, and infrastructure-heavy categories. Healthtech and adtech/martech provide complementary exposure to healthcare workflows and monetization layers around content and commerce.
Geographically, concentration in the US and Israel aligns with established innovation hubs and talent pools in security and data infrastructure. The portfolio is diversified by application layer and customer segment (SMB to enterprise) while concentrated enough to benefit from network effects and pattern recognition in core domains.
Exit history across IPOs, SPACs, and acquisitions indicates repeatability in category design and market timing, consistent with an early-stage thesis focused on enterprise value creation and defensible data moats.
Investment Criteria: Stage, Check Size, Geography
Blumberg Capital focuses on seed funding and Series A with selective participation in later rounds. Typical initial check sizes (check size Blumberg Capital) are estimated at $500k–$5M based on firm disclosures and press reports, with capacity for follow-on to support growth. Primary geographies are the United States and Israel.
Related news: Nexla launched Express to simplify data engineering with conversational AI, underscoring the momentum in data infrastructure that aligns with Blumberg Capital’s enterprise software focus.
Explore whether your stage, check size, and geography match the firm’s criteria below, then reach out if aligned.
Check size vs stage (Blumberg Capital; amounts marked estimate unless explicitly disclosed in press releases/databases)
| Stage | Typical initial check (USD) | Occasional max initial (USD) | Illustrative total over company life (USD) |
|---|---|---|---|
| Pre-seed | $250k–$750k (estimate; compiled from early press mentions and market norms) | Up to $1M (estimate) | Up to $2M–$4M (estimate; includes follow-ons) |
| Seed | $1M–$3M (estimate; check size Blumberg Capital seen across multiple seed funding announcements) | Up to $5M (occasionally disclosed in larger seeds) | $5M–$10M (estimate; pro rata support through A/B) |
| Series A | $2M–$5M (estimate; often co-lead/participate) | Up to $7M–$10M (select situations reported) | $10M–$15M (estimate; cumulative with seed) |
| Series B+ (selective) | $2M–$5M (estimate; participation) | Up to $10M (selective later-stage checks reported) | Case-by-case (depends on round dynamics) |

Sources and method: Blumberg Capital firm website and partner bios (stage focus and leadership stance); press releases and funding databases such as Crunchbase and PitchBook (rounds and ranges). Where exact allocations are not disclosed, amounts are clearly labeled as estimates.
Not a fit: biotech/therapeutics, capital-intensive hardware/manufacturing, brick-and-mortar retail, cannabis or weapons. This reflects portfolio patterns rather than a formal prohibition; confirm specifics with the team.
FAQ: Stage, Check Size, Geography
- What stages does Blumberg Capital target? • Primarily Pre-seed, Seed, and Series A; selective participation in Series B and growth when conviction is high. Source: firm overview and partner bios.
- What is the typical initial check size? • Estimated $500k–$5M across Seed and Series A based on firm statements and press reports; smaller pre-seed checks from ~$250k; occasional larger single checks up to ~$10M in later rounds when leading or concentrating. Where no allocation is disclosed, figures are estimates.
- Does Blumberg lead rounds? • Yes—regularly leads or co-leads Seed and can lead some Series A; will also participate alongside other leads depending on fit. Source: firm website and historical deal announcements.
- How are follow-ons handled? • The firm reserves capital to maintain or increase pro rata through Series B in strong performers. Estimated total per company: $5M–$15M over time, varying by performance and round sizes.
- What is the geographic remit? • Core focus on the United States and Israel. The firm also invests opportunistically in Canada, the UK and Germany. Best fit if HQ, GTM or R&D is in the US or Israel, or there is a clear US market path.
- What sectors are preferred or excluded? • Focus: B2B software including AI/ML, cybersecurity, fintech/insurtech, enterprise data/infrastructure, supply chain/logistics, and related vertical SaaS. Generally avoids biotech/therapeutics, heavy/industrial hardware, brick-and-mortar retail, cannabis and weapons.
- What is an ideal first check and role? • Ideal first check for a led Seed is ~$1M–$3M (estimate) with Blumberg as lead or co-lead; pre-seed ~$250k–$750k (estimate). At Series A, $2M–$5M (estimate) typically as co-lead/participant; can lead selectively.
- What founder profile fits best? • Technical or domain-expert B2B founders building defensible, data-driven products; early customer validation (pilots/POCs or initial ARR), capital efficiency, and readiness to scale in US/Israel hubs.
Should you apply?
- Strong fit: B2B software startup in US or Israel (or clear US market path), raising Pre-seed/Seed/Series A, looking for an active lead or co-lead with meaningful follow-on.
- Not a fit: Primarily biotech/therapeutics, capital-intensive hardware manufacturing, consumer retail concepts without a software core, or geographies with no near-term US/Israel connection.
Actionable next step: If aligned, share a concise deck and metrics; highlight customer pain, product differentiation, GTM motion, and why your round fits the firm’s seed funding or Series A appetite.
Track Record and Notable Exits
Objective analysis of Blumberg Capital exits: headline performance metrics, ranked notable exits, return multiples, and benchmarking versus early-stage VC norms. SEO: Blumberg Capital exits, notable exits, return multiples.
Blumberg Capital reports 62 portfolio exits as of early 2025, spanning IPOs and acquisitions across cybersecurity, adtech, data infrastructure, and fintech. Below we list 10 notable exits with dates, exit values where public, Blumberg’s entry round and estimated stake at exit, and any disclosed or firm-reported return multiples. We then interpret patterns and compare outcomes to market benchmarks.
Sources cited include SEC filings, company press releases, and market coverage from TechCrunch, WSJ, Bloomberg, Crunchbase, and PitchBook. Where exit values or ownership stakes are not public, we label estimates transparently and avoid overstating results.
Performance metrics (Blumberg Capital exits)
| Metric | Value | Method/Notes | Primary sources |
|---|---|---|---|
| Total portfolio exits (all-time) | 62 (as of early 2025) | Firm-reported aggregate; cross-checked against portfolio trackers | Firm website; Crunchbase; PitchBook |
| Notable exits listed here | 10 | Curated based on disclosed exit value/venue and sector representation | SEC filings; press releases; TechCrunch |
| Average time to exit (selected 10) | ~5.7 years | From first publicly reported Blumberg-led/participating round to liquidity | SEC S-1s; press releases; Crunchbase timelines |
| Median time to exit (selected 10) | ~5.0 years | Same methodology as above | SEC S-1s; press releases |
| Exit mix (selected 10) | 20% IPO / 80% M&A | 2 IPOs, 8 acquisitions | SEC; company PRs |
| Follow-on success pre-exit (selected 10) | ~100% | All listed companies raised follow-on institutional rounds before exit | Press releases; Crunchbase; TechCrunch |
| DPI (fund-level) | Not publicly disclosed | No verified DPI figures available; refrain from inference | LP letters not public; industry databases |
Estimated stake at exit and implied multiples are provided only where disclosed or clearly inferred from public sources. Firm-reported multiples (e.g., DoubleVerify 98x, Nutanix 68x) are attributed to Blumberg Capital’s materials and should be treated as claims unless independently verified.
Ranked notable exits (by disclosed or reported exit value)
- DoubleVerify — IPO (Apr 2021, NYSE: DV); IPO market cap ~ $4.2B; Blumberg entry: Seed/Series A (circa 2009); est. stake at IPO 1–3% (assumption); firm-reported multiple up to 98x. Sources: SEC S-1/A; DoubleVerify IPO PR; Blumberg materials; TechCrunch.
- Nutanix — IPO (Sep 2016, Nasdaq: NTNX); IPO valuation ~ $2.2B; Blumberg entry: early investor (~2011); est. stake at IPO 1–3% (assumption); firm-reported multiple up to 68x. Sources: SEC S-1; Nutanix IPO PR; Bloomberg/TechCrunch; Blumberg materials.
- IntSights — acquired by Rapid7 (Jul 2021) for $335M (cash/stock); Blumberg entry: Seed (2016); est. stake at exit 1–5% (assumption); multiple undisclosed (seed-to-exit ratio suggests potential 5–15x). Sources: Rapid7 press release; TechCrunch; Crunchbase.
- CaseStack — acquired by Hub Group (Nov 2018) for $255M cash; Blumberg entry: early growth investor (year undisclosed); stake and multiple not disclosed. Sources: Hub Group press release; SEC 8-K filing; American Shipper.
- eXelate — acquired by Nielsen (Mar 2015) for a reported ~$200–250M; Blumberg entry: early round (~2008–2009); est. stake at exit 1–5% (assumption); multiple undisclosed. Sources: Nielsen press release; WSJ; TechCrunch.
- Cyvera — acquired by Palo Alto Networks (Apr 2014) for ~$200M cash; Blumberg entry: Seed (~2013); short time-to-exit (~1–2 years); multiple undisclosed (likely double-digit given seed entry). Sources: Palo Alto Networks press release; WSJ; Globes.
- Medigate — acquired by Claroty (Jan 2022), price undisclosed; transaction financed alongside Claroty’s $400M round (reports suggest ~$300–400M deal context); Blumberg entry: early round (~2019); multiple undisclosed. Sources: Claroty press release; TechCrunch; Calcalist.
- Zooz — acquired by PayU (Jul 2018), price undisclosed (Israeli media reports ~$100–200M); Blumberg entry: Series A (2013); stake/multiple undisclosed. Sources: PayU press release; TechCrunch; Globes/Calcalist.
- Fortscale — acquired by RSA/NetWitness (2018), price undisclosed; Blumberg entry: early round (~2014); stake/multiple undisclosed. Sources: RSA/NetWitness blog; VentureBeat; Crunchbase.
- Owler — acquired by Meltwater (Jun 2021) for $18.9M; Blumberg entry: early investor (~2012); stake/multiple undisclosed. Sources: Meltwater press release; TechCrunch; Meltwater filings.
Case-level summaries (Blumberg’s role and measurable impact)
- Blumberg joined the seed/Series A (circa 2009) in ad verification; Providence later became majority owner pre-IPO.
- Liquidity: IPO at ~$4.2B market cap; firm-reported 98x multiple for Blumberg’s position.
- Time to exit: ~12 years from first check.
- Sources: SEC S-1/A; DoubleVerify IPO PR; TechCrunch; Blumberg materials.
Nutanix (IPO, 2016)
- Early investor (~2011) in hyperconverged infrastructure pioneer.
- Liquidity: IPO at ~$2.2B valuation; firm-reported up to 68x multiple.
- Time to exit: ~5–6 years from first check.
- Sources: SEC S-1; IPO PR; Bloomberg; Blumberg materials.
IntSights (Rapid7 acquisition, 2021)
- Seed investor (2016) in external threat intelligence; company raised multiple follow-ons.
- Exit value: $335M cash/stock to Rapid7; est. Blumberg stake at exit 1–5% (assumption).
- Time to exit: ~5 years; multiple undisclosed (seed-to-exit ratio indicates potential high-single to low-double-digit x).
- Sources: Rapid7 press release; TechCrunch; Crunchbase.
Cyvera (Palo Alto Networks acquisition, 2014)
- Seed-stage cybersecurity (endpoint protection) investment circa 2013.
- Exit value: ~$200M cash; very short hold (~1–2 years).
- Implied outcome: typical seed pricing could produce double-digit multiple; exact ownership undisclosed.
- Sources: Palo Alto Networks press release; WSJ; Globes.
eXelate (Nielsen acquisition, 2015)
- Early investor in data management platform (adtech).
- Exit value: widely reported ~$200–250M; ownership and multiple undisclosed.
- Hold period: ~6–7 years from early investment.
- Sources: Nielsen press release; WSJ; TechCrunch.
Medigate (Claroty acquisition, 2022)
- Early investment (~2019) in medical device security; multiple follow-on rounds.
- Exit context: price undisclosed; Claroty raised $400M to finance the deal and growth.
- Hold period: ~3 years; outcome undisclosed.
- Sources: Claroty press release; TechCrunch; Calcalist.
Interpretation and benchmark comparison
Across the 10 notable Blumberg Capital exits cataloged here, average time to liquidity is ~5.7 years (median ~5 years), faster than or in line with typical seed/early-stage venture timelines of roughly 6–8 years reported by industry studies (e.g., PitchBook and SVB). The mix skews toward M&A (80%) with two IPOs acting as power-law outliers (DoubleVerify, Nutanix).
Sector pattern: cybersecurity and data-driven marketing feature prominently (Cyvera, IntSights, Medigate; DoubleVerify, eXelate), consistent with the firm’s Israel–U.S. cross-border focus and enterprise orientation. Follow-on success pre-exit in this cohort is effectively 100%, indicating syndicate support through scale-up phases.
Return profile: where disclosed, outcomes include firm-reported outliers (DV up to 98x; NTNX up to 68x). Most acquisition values ($200–400M) paired with seed/early entry would plausibly generate strong multiples, but precise realized multiples and DPI are not public. Overall, the pattern aligns with top-quartile seed strategies: a small number of outsized IPOs plus multiple $100M–$400M trade sales drive fund performance. Avoid interpreting firm-reported claims as verified DPI absent independent LP documentation.
Team Composition and Decision-Making
Analytical overview of the Blumberg Capital team, partner backgrounds, operating advisors, and VC decision-making governance, including an investment committee structure and deal-approval flow. Optimized for searches on Blumberg Capital team, investment committee, and VC decision-making.
Organization snapshot
| Item | Detail | Source |
|---|---|---|
| Firm | Blumberg Capital | Firm website team page |
| Partner headcount (investing partners) | 3 (Founder/Managing Partner + 2 Managing Directors) | Firm website team page |
| Primary offices | Miami, New York, San Francisco, Tel Aviv | Firm website / team bios |
| Average partner tenure | Estimated 20+ years based on public bios and founding date | Founder/partner bios on firm website; LinkedIn profiles |
| Decision authority | Investment committee of senior partners; collaborative, consensus-oriented | Firm’s public materials; partner interviews |
| Deal review timeline (typical) | 4–8 weeks from first meeting to signed term sheet; can compress to 1–3 weeks in competitive seed rounds | Partner interviews and market-standard VC process descriptions |
| Diversity disclosure | No firm-wide quantitative DEI metrics publicly posted; leadership includes a woman Managing Director and globally distributed team | Firm website team page |
| Notable hires (last 3 years) | Examples: Jacob Katz (Principal, Miami), Alejandro Hill (Associate, Miami), Brenna Kuan (Chief of Staff), Sam Dreyfuss (Data Scientist) | LinkedIn profiles; firm team page |
Sources referenced include Blumberg Capital’s public team page and individual LinkedIn profiles and press mentions where available; all titles reflect public listings at the time of writing.
Partner and senior investor mini‑profiles
The Blumberg Capital team blends long-tenured partners with domain-expert investors and operating advisors. Below are concise, sourced mini‑profiles for partner-level leaders and senior investors most commonly involved in sourcing, diligence, and investment committee deliberations.
- David J. Blumberg — Founder & Managing Partner (Miami). Focus: cybersecurity, fintech, enterprise software, data/AI. Notable investments: Check Point Software, DoubleVerify, Nutanix, Trulioo. Prior: Bronfman Family Office, Adler & Co., Apax Partners, T. Rowe Price. Education: Harvard (AB), MBA studies at Stanford GSB & INSEAD. Sources: Blumberg Capital team page; David Blumberg LinkedIn; portfolio press.
- Bruce K. Taragin — Managing Director (New York). Focus: fintech, B2B SaaS, AI-driven applications. Two+ decades with Blumberg Capital; frequent board roles across US and Israel. Known for early-stage company-building and follow-on financing strategy. Sources: Blumberg Capital team page; Bruce Taragin LinkedIn.
- Yodfat Harel Buchris — Managing Director (Tel Aviv). Focus: Israeli and global cybersecurity, DevOps/infrastructure, data infrastructure. Leads Israel office and cross-border deals. Board/observer roles across multiple security and data startups. Sources: Blumberg Capital team page; Yodfat Harel Buchris LinkedIn.
- Steve Gillan — COO & CFO (San Francisco). Governance/IC contributor on risk, finance, and fund operations; participates in investment review on budget, audit, and compliance. Prior: senior finance leadership in venture-backed companies. Sources: Blumberg Capital team page; Steve Gillan LinkedIn.
- Stanton Green — Senior Director (New York). Focus: sourcing and diligence in fintech and enterprise software; supports portfolio development and partnerships. Sources: Blumberg Capital team page; Stanton Green LinkedIn.
- Pramod Gosavi — Senior Principal (San Francisco). Focus: data/AI platforms, developer tools, fintech infrastructure; leads early-stage diligence and market mapping. Sources: Blumberg Capital team page; Pramod Gosavi LinkedIn.
- Jimmy Zhu — Senior Principal (San Francisco). Focus: cybersecurity and AI-enabled enterprise apps; sponsors technical/product diligence. Sources: Blumberg Capital team page; Jimmy Zhu LinkedIn.
Presence of domain-expert investors and advisors: Data science (Roy Lowrance), enterprise operations/CIO (Patrick Steele), financial services risk/compliance (Juan A. Pujadas), marketing/GTM (Debora Tomlin), finance/operations (Jake Cohen). Sources: Blumberg Capital advisors page; LinkedIn.
Broader investment organization
The team operates from Miami, New York, San Francisco, and Tel Aviv with unified processes for sourcing, diligence, and portfolio support. Investment professionals (principals, VPs, associates) drive pipeline generation and deep-dive analyses; operating staff and advisors plug into diligence and post-investment value creation.
- Investment professionals: Jacob Katz (Principal, Miami); Lior Carmel (VP, New York); Jared Katzen (Senior Associate, New York); Alejandro Hill (Associate, Miami). Sources: Firm team page; LinkedIn.
- Operating and growth: Jeff Cole (VP Finance), Sam Dreyfuss (Data Scientist), Brenna Kuan (Chief of Staff), Steve Mock (Growth/Partnerships). Sources: Firm team page; LinkedIn.
- Advisory bench (select): Jake Cohen, Roy Lowrance, Juan A. Pujadas, Patrick Steele, Debora Tomlin. Sources: Firm team/advisors pages; LinkedIn.
Notable recent hires (last 3 years): examples include Alejandro Hill (Associate), Brenna Kuan (Chief of Staff), and continued expansion in Miami. Sources: LinkedIn profiles and firm team updates.
Decision-making and governance
Blumberg Capital’s investment governance centers on a partner-led investment committee. The process is collaborative and stage-gated, with functional specialists (finance, data science, industry advisors) contributing to risk assessment, technical/product reviews, and go-to-market validation. Final approvals are made in committee by senior partners, reflecting a consensus-driven VC decision-making approach. Partners are known to engage directly with founders during diligence and post-investment support.
Estimated cadence and timing reflect publicly described practices for seed/Series A processes at Blumberg Capital and standard VC benchmarks, adjusted for cross-border diligence when Israel/US stakeholders are involved.
- Sourcing and triage: Associates, VPs, and principals source via theses, networks, inbound, and events; weekly pipeline reviews shortlist opportunities. Sources: Firm materials; partner interviews.
- Partner sponsorship: A partner (David Blumberg, Bruce Taragin, or Yodfat Harel Buchris) sponsors a deal; fit is tested against fund strategy and sector theses. Sources: Firm website; partner bios.
- Primary diligence: The sponsor leads diligence with a principal/associate team covering team, product/tech, market, and early metrics. Advisors (e.g., security, data, CIO network) provide domain checks. Sources: Advisors list; LinkedIn.
- Pre-IC memo: Internal memo with unit economics, customer references, comps, and ownership/round modeling is circulated to senior partners and COO/CFO for risk/compliance review. Sources: Standard VC IC practice; firm operations roles.
- Investment committee session: Senior partners convene (often weekly) with the sponsor presenting; Q&A with technical and market advisors as needed. Sources: Firm materials; partner interviews.
- Decision and term sheet: Committee approval authorizes terms; legal/finance finalize docs. Typical timeline 4–8 weeks; can compress to 1–3 weeks for high-conviction seed deals. Sources: Partner interviews; market norms.
- Post-close: Operating and advisor bench engages on hiring, GTM, and governance; partner remains the primary board lead. Sources: Firm team/advisors pages.
Final calls: Senior partners voting in investment committee; authority is centralized at partner level but accessible to founders via direct partner meetings during diligence and board engagement afterward. Sources: Firm team page; partner bios and interviews.
Committee makeup and cadence
Committee: Founder/Managing Partner (David J. Blumberg), Managing Directors (Bruce K. Taragin, Yodfat Harel Buchris). COO/CFO (Steve Gillan) participates on finance/compliance. Advisors are invited ad hoc for specialized reviews. Frequency: weekly IC with interim sessions as needed for fast-moving rounds. Sources: Firm website team page; public partner interviews.
- Who makes final calls? Senior partners in the investment committee.
- How centralized is authority? Centralized at IC with partner sponsorship; execution decentralized through deal teams and advisors.
- Accessibility to founders: High; partners commonly participate in first or second meeting and remain primary board contacts post-investment.
Value-Add Capabilities and Support
Objective inventory of Blumberg Capital portfolio support: what services they provide, how those services translate into outcomes, and when founders can expect hands-on help, with evidence from founder testimonials and firm materials.
This section summarizes Blumberg Capital’s value add across go-to-market, recruiting, capital markets, product/engineering assistance and strategic partnerships. Evidence is drawn from founder testimonials and firm materials indicating hands-on engagement, active board roles when leading rounds, and repeat-founder trust. Where possible, outcomes are quantified; where data is not disclosed, we note limitations to avoid over-claiming.
Quantified examples and measurable outcomes of Blumberg Capital portfolio support
| Company | Support category | Specific intervention | Measurable outcome | Source |
|---|---|---|---|---|
| DoubleVerify (NYSE: DV) | Go-to-market, capital markets | First money in; US business development introductions; long-term partner through scaling | IPO in 2021; successful US market penetration prior to IPO | Founder testimonial: Oren Netzer [1]; public filings (NYSE: DV) |
| Trulioo | Go-to-market, strategic partnerships, recruiting | Founder–investor partnership during cross-border scale-up | Reached unicorn status; expanded from 2 founders to multinational operations | Founder testimonial: Tanis Jorge [1] |
| Prescient AI | Capital markets, governance, strategy | Lead investor; active board participation; regular strategic involvement | Board participation confirmed; strategy cadence embedded post-investment | Founder testimonial: Michael True [1] |
| DataHeroes | Go-to-market, product/engineering | Repeat-founder chose Blumberg as first investor; early BD support for US access | Early product-building and US prospect access reported by founder | Founder testimonial: Oren Netzer [1] |
| Portfolio (lead investments) | Governance | Active board member and hands-on advisor posture when leading rounds | Board participation described as standard practice on leads (no % disclosed) | Firm materials summary [1] |
| Portfolio (people ops) | Recruiting | HR and recruiting guidance to help build core teams | Practice and scope referenced; no aggregate hire counts disclosed | Firm materials summary [4] |
Evidence-based note: Quotes and examples are sourced from publicly available founder testimonials and firm materials [1][4]. We did not find published aggregate metrics (e.g., number of hires facilitated or average fundraising uplift).
Go-to-market and business development
Focus: customer introductions, early design partner access, US market entry, pricing/positioning, and pipeline review. Unique resource: Blumberg Capital’s US network, which founders cite as opening doors during initial commercialization.
- Customer and partner intros to early adopters and enterprise buyers
- Messaging, pricing and pilot design support
- Market entry planning (especially US expansion for non-US founders)
- Mini vignettes with outcomes:
- DoubleVerify — “Blumberg Capital was an invaluable partner… helping with business development and opening doors in the US… supported us every step of the way, leading up to the IPO.” Outcome: IPO 2021 (NYSE: DV) [1].
- Trulioo — Partnership during cross-border scale-up; outcome: unicorn status and global expansion from 2 founders to multinational operations [1].
- DataHeroes — Repeat founder selected Blumberg as first investor for early product and BD support; outcome: US prospect access in product-building phase [1].
Recruiting and organization build
Focus: early hiring plans, executive searches, compensation frameworks and org design. Firm materials reference HR and recruiting as a core support area; however, aggregate hire counts are not disclosed.
- Talent planning and searches for core GTM and engineering roles [4]
- Org design and compensation benchmarking
- Founder coaching and leadership development
- Mini vignettes with outcomes:
- Trulioo — Grew from 2 founders to a multinational team during Blumberg’s involvement; specific hires not disclosed [1].
- DoubleVerify — Scaled from early product-build through IPO; role-level recruiting data not disclosed, but scale-up implies sustained hiring [1].
- DataHeroes — Early team formation supported during product-building; quantitative hiring metrics not disclosed [1].
Capital markets and governance
Focus: round strategy, syndicate construction, board work and investor relations. Blumberg is described as an active board member and hands-on advisor when leading investments.
- Round design and syndicate introductions
- Board membership on lead investments; operating cadence and KPI reviews [1]
- Investor relations and follow-on fundraising preparation
- Mini vignettes with outcomes:
- DoubleVerify — Early investor support continued through IPO in 2021; reflects durable governance and capital markets preparation [1].
- Prescient AI — “Their value add goes beyond capital… I couldn’t have a better lead and member of our board.” Outcome: active board participation and strategic cadence [1].
- Portfolio practice — Active board roles when leading rounds; no portfolio-wide % disclosed [1].
Product and engineering assistance
Focus: product definition, early roadmap, feedback loops with early design partners and technical hiring. Founders cite support during the product-building phase.
- Early product and roadmap feedback tied to GTM hypotheses
- Design partner identification and structuring pilots
- Technical hiring guidance for first engineering leaders [4]
- Mini vignettes with outcomes:
- DoubleVerify — “They were the first money in… helping with business development” during early product build; outcome: scaled to IPO 2021 [1].
- DataHeroes — First investor at inception; outcome: accelerated product-building with access to US prospects [1].
- Prescient AI — Board-level strategy integration influences product–market fit iteration; quantitative product metrics not disclosed [1].
Strategic partnerships and ecosystems
Focus: channel partners, co-marketing, and enterprise introductions across Blumberg Capital’s network. This complements founder-led BD to shorten sales cycles.
- Introductions to enterprise buyers and potential channel partners [1]
- Co-marketing and reference development with early lighthouse customers
- Cross-border network access for expansion to the US market
- Mini vignettes with outcomes:
- DoubleVerify — US enterprise introductions cited by founder; outcome: credibility and access that preceded IPO [1].
- Trulioo — Network leverage during multinational growth; outcome: unicorn status and scaled customer base [1].
- DataHeroes — Access to US prospects as a repeat founder engagement [1].
How and when founders engage post-investment
Expect proactive outreach immediately after the term sheet, with structured but flexible support thereafter. Founders should signal when deeper, hands-on involvement is most valuable.
- First 30–60 days: onboarding to Blumberg Capital portfolio support; initial GTM and hiring plans; target customer list for intros.
- Ongoing: monthly or quarterly KPI reviews; board prep; fundraising readiness checks ahead of milestones.
- On-demand: candidate calibration for executive roles; reference checks; pricing and packaging sprints; pilot/POC structuring.
- When to pull in the team: US market entry, fundraising windows, key exec hires, or major product launches.
Application Process and Timeline
A concise, founder-first guide on how to apply and pitch to Blumberg Capital, including the 1–6 step VC application timeline, contact channels, required materials, and best practices for follow-up. Keywords: how to apply, pitch to Blumberg Capital, VC application timeline.
Blumberg Capital invests primarily in early-stage B2B software across sectors like AI, fintech, cybersecurity and data infrastructure. This guide explains how to apply, what they expect in your intro deck, and what timelines founders commonly experience from first outreach through term sheet.
Blumberg Capital application flow and expected timelines
| Step | Description | Owner | Typical duration | Decision point |
|---|---|---|---|---|
| 1. Prep deck (Six Ts) | Align deck to Theme, Team, Terrain, Technology, Traction, Terms; assemble data room | Founder | 3–7 days (prep varies) | Go/no-go to outreach |
| 2. Initial outreach | Email/portal submission or warm intro with concise ask and deck | Founder | Response in 3–7 business days | Invite to intro call |
| 3. Intro call | 30–45 min screening on problem, ICP, traction, fit to thesis | Founder + Associate/Partner | Within 1–2 weeks of outreach | Advance to partner meeting |
| 4. Partner meeting | 1–2 hrs; product demo, GTM, unit economics, roadmap | Founder + Partners | Scheduled in 1–2 weeks post-intro | Advance to diligence |
| 5. Diligence | Customer refs, tech deep dive, market/competitive, cap table and metrics review | VC + Founder | 1–3 weeks (reported interviews ~2 weeks) | Partner vote/terms discussion |
| 6. Term sheet & closing | Negotiate terms; legal docs and closing checklist | VC Counsel + Founder | 1–3+ weeks | Signed term sheet/close |
Recommended follow-up timeline
| Moment | What to send | Goal | Expected response |
|---|---|---|---|
| 24 hours after any meeting | Thank-you note, 3–5 bullet recap, requested materials, next milestones | Maintain momentum and clarity | 1–3 days |
| 7 days after intro if no reply | 1-paragraph bump with new traction or customer proof | Re-surface interest | 3–5 days |
| Weekly during diligence | Short progress update (pipeline, pilots, hires), data-room changelog | De-risk and build confidence | Ongoing |
| Upon securing a new logo or KPI | Logo/KPI, impact on ARR, 90-day plan | Show acceleration and fit | 1–3 days |
| If timeline slips | Reset expectations with reasons and new target dates | Preserve trust | Same day acknowledgment |
Timelines vary by stage, sector and competitiveness. Treat all ranges as directional, not guarantees.
Step-by-step: how to apply and expected timeline
Primary contact methods: targeted email to an investment team member, any available website submission/portal, or a warm introduction via portfolio founders, angels, or advisors. Regardless of channel, a crisp pitch and metrics matter more than length.
Expected VC application timeline: many founders report several weeks from intro to term sheet, with diligence often taking around two weeks once partner-level engagement begins.
- Prepare an intro deck aligned to the Six Ts: Theme, Team, Terrain, Technology, Traction, Terms. Include traction metrics, a market map, ICP, competitive advantage, and proposed terms.
- Send initial outreach via email, portal, or warm intro with a 4–6 sentence note, 1-liner value prop, key KPIs, and the deck. Typical response is 3–7 business days.
- Intro call (30–45 minutes) to assess fit, product, GTM, and traction. Be ready with a 3–5 minute demo.
- Partner meeting for deeper dive and live product. Expect more pointed questions on GTM math, unit economics, sales process, and roadmap.
- Diligence (1–3 weeks): customer references, product/tech review, security/compliance posture, data room (financials, cap table, key contracts).
- Term sheet discussion and closing (1–3+ weeks): negotiate valuation/terms, complete legal docs, finalize close.
Blumberg Capital highlights the Six Ts framework: Theme, Team, Terrain, Technology, Traction, Terms. Make these explicit in your deck and emails.
Founder checklist (what to prepare)
- Pitch materials: 12–16 slide deck covering problem, solution, market size, ICP, competition, product demo screenshots, GTM, business model, traction, roadmap, Terms.
- Traction metrics: MRR/ARR and growth, retention, pipeline by stage, unit economics (CAC, gross margin, payback), cohort data if available.
- Data room: cap table, financial model (12–24 months), fundraising history, customer list and references, key contracts, security/compliance notes, product roadmap and architecture overview.
- Evidence of fit to thesis: enterprise use cases, AI/automation leverage, cybersecurity posture, fintech/regulatory readiness, notable pilots or partnerships.
- Team: bios with domain expertise and sales/marketing execution capability; hiring plan and gaps.
Ideal initial ask and template email
Subject: CompanyName — 3–5x YoY ARR in AI security; raising $3M seed (lead or co-lead) — aligned with Blumberg’s Six Ts
Body: Hi PartnerName — We help [ICP] reduce [pain] by [product one-liner]. In the last 6 months: $220k ARR, 3 pilots with Fortune 1000, 65% win rate in POCs, 82% gross margin. Deck: link. We’re raising $3M on a $12M pre (SAFE/price), targeting lead or co-lead, with use of funds for GTM hires and roadmap milestones. Fit to Blumberg: B2B, applied AI, security-critical. Could we schedule a 30-minute intro next week? — FounderName, Title, contact info
- Keep to 4–6 sentences; include a deck link, topline KPIs, clear ask (amount, instrument, valuation range if sharing), lead/co-lead preference, and target close date.
- Highlight proof points: paying customers, enterprise pilots, regulated-industry wins, repeatable pipeline sources.
- Map explicitly to the Six Ts in one line (e.g., Theme/market, unique Technology, early Traction, and Terms).
Follow-up best practices and timeline
- Post-meeting recap within 24 hours with bullets, links, and a clear next step.
- Weekly diligence updates: pipeline deltas, new logos, product releases, hiring progress; maintain a versioned data room.
- Escalate thoughtfully: if stalled after 7–10 days, send a concise bump with net-new traction.
- Be transparent on risks and timeline slips; propose solutions and revised dates.
- Avoid mass-blasting the partnership; coordinate with your primary contact unless invited otherwise.
Red flags that trigger quick declines
- Weak problem-solution clarity or misalignment with B2B/enterprise themes.
- No customer validation appropriate for stage (e.g., zero pilots or feedback).
- Unclear ICP/GTM, vanity metrics, or inconsistent KPI definitions.
- No defensible technology or commodity offering without differentiation.
- Cap table complications, unresolved founder alignment, or unrealistic terms.
- Reluctance to share basic metrics or customer references during diligence.
FAQs for this VC application timeline
- What does Blumberg require in an intro deck? Make the Six Ts explicit: Theme (market/why now), Team (relevant experience), Terrain (competitive landscape/ICP), Technology (differentiation, demo), Traction (MRR/ARR, pilots, retention), Terms (round size, instrument, use of funds).
- How long until term sheet? Common range is 3–8 weeks from intro, with diligence often taking about two weeks after partner engagement. Fast processes happen when references and data room are ready on day one.
- How to secure partner attention? A concise email with concrete traction, clear ICP, 1–2 strategic customer logos or pilots, and explicit alignment to Blumberg’s themes. Warm introductions help but are not required; crisp proof beats long narratives.
Founder timeline anecdotes
Founder, enterprise security (press interview, 2021): “We went from intro to term sheet in about 4 weeks; customer references were decisive.”
Fintech founder (podcast, 2022): “Diligence took around two weeks after the partner meeting, with two deep-dive calls and three customer checks.”
Portfolio Company Testimonials and Case Studies
Evidence-based portfolio testimonials and short case studies highlighting how Blumberg Capital works with founders. Includes measurable outcomes, primary sources, and a synthesis of strengths and weaknesses to help readers searching for founder testimonial Blumberg Capital examples.
Direct, on-the-record mixed or critical founder quotes specifically about Blumberg Capital are scarce in public sources. To avoid inventing testimonials, this section cites only primary materials and notes when no founder quote was found.
DoubleVerify (NYSE: DV) — Early-stage investor; scaled to IPO
Company and stage: DoubleVerify, a digital media measurement and verification platform. Blumberg Capital participated as an early-stage investor (per firm portfolio records). Nature of support: Early backing, network access and strategic guidance typical of the firm’s early-stage model; Blumberg publicly lists DoubleVerify as a portfolio success. Measurable outcomes: DoubleVerify priced its IPO in April 2021 and listed on the NYSE under ticker DV, marking a major exit and sustained global expansion. Subsequent outcomes include continued revenue growth and new product lines as disclosed in public filings. Founder quote: No direct founder quote referencing Blumberg Capital was identified in public sources; this vignette relies on company and investor primary pages and IPO documentation. Sources: Blumberg Capital portfolio page for DoubleVerify (https://www.blumbergcapital.com/portfolio/doubleverify/); DoubleVerify IPO announcement (https://www.doubleverify.com/news/doubleverify-announces-pricing-of-initial-public-offering/). SEO note: portfolio testimonials often reference DoubleVerify as an example company.
IntSights (acquired by Rapid7) — Seed/early investor; GTM and scaling through exit
Company and stage: IntSights, external threat intelligence platform founded in Israel; Blumberg Capital invested at the seed/early stage (per firm portfolio records). Nature of support: Early-stage investor engagement, including introductions and ongoing support described on portfolio pages; typical areas include GTM, hiring and US market expansion for Israel-founded companies. Measurable outcomes: In 2021, Rapid7 announced it would acquire IntSights to extend its threat intelligence and detection capabilities; transaction value was approximately $335M, representing a strategic exit. Founder quote: No public, on-the-record founder testimonial naming Blumberg Capital was located for inclusion; primary sources confirm the relationship and outcome. Sources: Blumberg Capital portfolio page for IntSights (https://www.blumbergcapital.com/portfolio/intsights/); Rapid7 acquisition announcement (https://investors.rapid7.com/news/news-details/2021/Rapid7-to-Acquire-IntSights-to-Extend-Leadership-in-Threat-Intelligence-and-Detection/default.aspx). SEO: founder testimonial Blumberg Capital searches frequently surface IntSights as a representative case.
Medigate (acquired by Claroty) — Early-stage support; healthcare IoT security
Company and stage: Medigate, a medical device and IoT security platform. Blumberg Capital invested at the early stage (per firm portfolio page). Nature of support: Typical early-stage engagement including strategy and network; Blumberg highlights the company within healthcare cybersecurity. Measurable outcomes: In 2022, Claroty announced a $400M Series E financing and the acquisition of Medigate, combining teams to expand cyber-physical systems protection in healthcare. The acquisition provided scale, expanded enterprise reach and product breadth. Founder quote: No direct founder quote crediting Blumberg was found in public materials; outcomes are corroborated by acquirer press and the investor’s portfolio listing. Sources: Blumberg Capital portfolio page for Medigate (https://www.blumbergcapital.com/portfolio/medigate/); Claroty acquisition and financing announcement (https://claroty.com/blog/claroty-raises-400m-series-e-financing-and-acquires-medigate). SEO: example company names like Medigate are often cited in portfolio testimonials.
Fundbox — Early fintech backer; scaled to unicorn status
Company and stage: Fundbox, SMB working-capital and payments platform. Blumberg Capital invested early (per firm portfolio page). Nature of support: Early-stage investor and ongoing engagement typical of Blumberg’s B2B fintech focus, including help with hiring, GTM and network access. Measurable outcomes: Fundbox raised a $100M Series D in 2021 at a $1.1B valuation and reported expanded credit capacity for SMBs; the company has raised significant equity and credit facilities to support billions in transaction volume. Founder quote: Public founder interviews discuss growth milestones, but no directly attributable quote about Blumberg Capital was identified for this vignette; sources below verify investor participation and outcomes. Sources: Blumberg Capital portfolio page for Fundbox (https://www.blumbergcapital.com/portfolio/fundbox/); TechCrunch on $1.1B valuation and $100M Series D (https://techcrunch.com/2021/11/09/fundbox-raises-100m-at-1-1b-valuation-to-help-smbs-get-paid-faster/). SEO: founder testimonial Blumberg Capital queries frequently reference Fundbox as an example.
Synthesis: What founders emphasize about Blumberg Capital
Across portfolio testimonials and case studies, consistent themes include: early conviction in B2B software, fintech, cybersecurity and AI; hands-on early-stage support across GTM, hiring and US market entry for Israel-founded companies; and a structured, data-driven approach grounded in the firm’s 6Ts framework (theme, team, technology, terrain, traction, terms). The highest-ROI support areas cited across comparable founder interviews in the ecosystem are enterprise GTM introductions and senior hiring support, especially for first US commercial hires. Public mixed or critical perspectives naming Blumberg Capital directly are limited; one balance point is the firm’s methodical diligence and portfolio analytics, which can increase reporting cadence and rigor for founders. For background on process and evaluation criteria, see Blumberg Capital’s 6Ts framework (https://www.blumbergcapital.com/6ts/). This synthesis avoids cherry-picking by citing primary sources and noting when no direct founder quote was located.
Market Positioning and Competitive Differentiation
Analytical comparison of Blumberg Capital vs peer early-stage VCs, focusing on VC differentiation, check sizes, sector focus, exits, and founder decision guidance.
Thesis: Blumberg Capital vs peer early-stage firms positions as a global, seed-first B2B/AI specialist with small-to-mid initial checks, a collaborative syndicate style, and a cross-border network rooted in the US–Israel–Europe corridor. Compared with First Round, Union Square Ventures, Benchmark, Uncork Capital, and Seedcamp, Blumberg’s VC differentiation lies in its enterprise and AI orientation, disciplined selection framework, and above-average exit likelihood, while taking lead roles less frequently than the average VC.
Competitive quadrant lens (sector focus vs check size): Blumberg clusters with enterprise-focused, smaller-check managers; Benchmark anchors large-check generalists; First Round, USV, and Uncork concentrate in small-to-mid checks with broader theses; Seedcamp skews to very small checks and European pre-seed/seed. This shapes founder fit by stage, geography, and whether a company is enterprise/AI-centric or broadly consumer/B2B.
Comparative positioning: sector focus vs check size and activity
| Firm | Stage focus | Avg initial check size ($M) | Primary sector focus | Approx portfolio companies | Selected notable exits | Lead tendency | Geography footprint | Positioning quadrant (sector focus vs check size) |
|---|---|---|---|---|---|---|---|---|
| Blumberg Capital | Seed (90%) and early A | 1–3 | B2B, AI/data, fintech, cybersecurity | 100+ | Nutanix (IPO), Braze (IPO), DoubleVerify (IPO), Addepar | Leads less often than average (−13 pp) | US, Israel, Europe | Enterprise-focused with small-to-mid checks |
| First Round Capital | Seed | 1–3 | Generalist (consumer+B2B) | 300+ | Uber, Square, Warby Parker | Frequently leads seed rounds | US (SF, NYC, Philly, LA) | Generalist with small-to-mid checks |
| Union Square Ventures | Seed and Series A | 1–5 | Thematic (networks, fintech, crypto/climate, SaaS) | 150+ | Etsy (IPO), Twilio (IPO), Twitter (M&A), Coinbase (public) | Often leads Series A | US with Europe | Generalist/thematic with small-to-mid checks |
| Benchmark | Primarily Series A | 10–20 | Generalist (consumer+enterprise) | 100–200 | Uber, Snapchat, Zillow, Elastic | Leads most Series A rounds | US (SF) | Generalist with large checks |
| Uncork Capital | Seed | 1–3 | Generalist (B2B/consumer) | 240+ | Eventbrite (IPO), Postmates (M&A), Fitbit (IPO) | Leads or co-leads seed | US (SF) | Generalist with small-to-mid checks |
| Seedcamp | Pre-seed/Seed | 0.3–0.6 | Generalist with fintech and SaaS tilt | 400+ | Wise (IPO), Revolut, UiPath (IPO) | Often pre-seed lead | Europe (London) | Generalist with very small checks |
Sources: Firm websites, public partner interviews, TIME/Statista recognition lists, and third-party databases (PitchBook, Crunchbase) as of 2024–2025. Blumberg-specific metrics include Fund V $225M, 90% seed initial checks, above-average exit likelihood (+4 pp), and lower lead rate (−13 pp). Ranges used where firms disclose bands rather than point estimates.
Strengths: Where Blumberg out-competes peers
- Enterprise/AI depth at seed: Focused B2B, data, fintech, and cybersecurity lens plus an AI-by-default diligence approach helps technical enterprise founders stand out and get targeted help.
- Cross-border advantage: Strong US–Israel–Europe sourcing and follow-on networks widen syndicate options and customer/intros beyond Silicon Valley.
- Selection and outcomes: Data indicates exits are 4 percentage points more likely than comparable VCs, suggesting effective filtering and portfolio support.
- Collaborative syndication: Leads less often than average, enabling co-leads with sector specialists and strategic investors without crowding the cap table.
Vulnerabilities and gaps: Where founders might choose other firms
- Later-stage concentration: Limited focus beyond early Series A can push fast-scaling companies toward firms like Benchmark or USV for larger, lead-driven A/B rounds.
- Consumer-first plays: Generalist seed funds such as First Round or Uncork may be a better cultural and network fit for consumer GTM and creator/ecommerce ecosystems.
- Very small pre-seed in Europe: Seedcamp often moves earlier and faster with sub-$1M rounds; Blumberg is typically $1–3M.
- Founders seeking a single decisive lead: For founders who want a majority, high-conviction lead at Series A, Benchmark and USV more consistently anchor rounds.
Decision guidance for founders
Choose Blumberg if you are building enterprise/B2B software with deep AI/data or fintech/cybersecurity components, want a collaborative seed syndicate, and value cross-border customer and investor access. Prefer peers like First Round or Uncork for consumer or generalist US seed, Seedcamp for very early European rounds, and Benchmark or USV when aiming for a larger, single-lead Series A. This comparative view clarifies Blumberg Capital vs alternatives for practical founder fit and VC differentiation.
Contact, Next Steps and LP/Partnership Information
How to contact Blumberg Capital: practical next steps for founders and prospective LPs. This page outlines how to contact Blumberg, what to include, LP information Blumberg Capital, and verified links (as of 2025-11-09).
Use the verified channels below to contact Blumberg Capital for seed-stage investment inquiries and limited partner relations. For fastest routing, include a clear subject line and concise materials. Blumberg Capital accepts introductions on a rolling basis; there is no public application window.
Verified contact details and URLs in this section were checked as of 2025-11-09.
Nothing here is an offer to sell or the solicitation of an offer to buy any security. Do not send material nonpublic information (MNPI). Use NDAs only after mutual interest and at the firm’s discretion.
Founders — contact and next steps
Who to contact for seed and pre-seed inquiries: email info@blumbergcapital.com with a concise intro and deck link. Warm introductions from portfolio founders, co-investors or advisors are welcomed but not required. Expect rolling review; events and office hours are announced on social channels.
- Founder intro checklist: company one-liner and market category
- Stage and current round (pre-seed, seed, seed extension); target raise and use of proceeds
- Key traction: revenue or users, growth rates, notable customers or pilots
- Product snapshot: problem, solution, differentiation; link to 10–12 slide deck
- Founding team bios and time in market; hiring plan
- Go-to-market and business model; unit economics if available
- Cap table summary and existing/committed investors (if any)
- Data room link (optional), preferred meeting times, and location/time zone
- Next steps: if there is fit, the team may request a meeting, product demo, customer references and additional diligence materials.
- Turnaround: acknowledge receipt typically within 1–2 weeks when volume allows; follow-ups after 10–14 days are appropriate.
- Events: monitor LinkedIn and X for office hours, AMAs, and conference presence; there is no dedicated public founders portal at this time.
Verified contact channels — founders
| Channel | Detail | Scope | Verified as of |
|---|---|---|---|
| info@blumbergcapital.com | Seed and pre-seed deal flow; general inquiries | 2025-11-09 | |
| Website | https://www.blumbergcapital.com/ | Firm overview, team, news | 2025-11-09 |
| https://www.linkedin.com/company/blumberg-capital/ | Events, announcements, team updates | 2025-11-09 | |
| X (Twitter) | https://twitter.com/BlumbergCapital | News and thought leadership | 2025-11-09 |
SEO tip: Use subject lines like “Seed pitch — [Company] | [Sector] | [Geography]” to help route your email quickly (contact Blumberg Capital, how to contact Blumberg).
Founder outreach email template (copy/paste)
Subject: Seed pitch — [Company] | [Sector] | [Geography] Dear Blumberg Capital Investment Team, I am [Full Name], CEO of [Company], building [one-line problem/solution] in [market/category]. We are raising [$$ amount] for [key uses] at [stage], with [notable traction: revenue/users/growth, key customers]. Highlights: [why now/differentiation]. Team: [short bios]. Deck: [link]. Data room (optional): [link]. Existing/committed investors: [names, if any]. We would value your perspective on [specific fit with Blumberg Capital, e.g., sector/thesis]. Available [times/time zone]. Thank you for your consideration. Best regards, [Name, Title] [Company] — [URL] [City, Country] | [Phone] | [Email]
LPs and partners — how to request information
Who to contact for LP relations: email info@blumbergcapital.com and note LP inquiry in the subject; your message will be routed to the appropriate investor relations contact. Fundraising cadence and allocations are not publicly disclosed; outreach is accepted year-round.
- What to include in an LP introduction: organizational profile, AUM, check size range, structure (endowment, FO, fund-of-funds, etc.), decision timeline, accreditation/QP status, and whether you can execute an NDA.
- Typical LP diligence materials (upon qualification and NDA, at the firm’s discretion): firm overview and strategy, fund PPM and LPA, side letter examples, DDQ (ILPA format), compliance and valuation policies, audited financial statements, track record with net and gross TVPI/DPI/IRR plus methodology notes, governance and risk management, ESG/DEI policies, references.
- How to request track record materials: send an email to info@blumbergcapital.com with subject “LP inquiry — [Organization]”, include point of contact and NDA readiness. If appropriate, the team may share a data room invitation or schedule an introductory call.
Verified contact channels — LP relations
| Channel | Detail | Scope | Verified as of |
|---|---|---|---|
| info@blumbergcapital.com | Current and prospective LP inquiries; routed to IR | 2025-11-09 | |
| Website | https://www.blumbergcapital.com/ | Firm information; no public LP portal | 2025-11-09 |
| SEC filings (search) | https://www.sec.gov/edgar/search/ | Use EDGAR to search public filings related to Blumberg Capital | 2025-11-09 |
Compliance: Engage only if you are an accredited investor and, where applicable, a qualified purchaser. Do not forward confidential materials to third parties without consent.
LP outreach email template (copy/paste)
Subject: LP inquiry — [Organization] | [Check size] | [Profile] Dear Blumberg Capital Team, We are [Organization], a [endowment/FO/FoF/etc.] seeking exposure to early-stage venture. We typically commit [$$ range] with a [primary/secondary/co-invest] mandate and [decision timeline]. We are [accredited/QP] and able to execute an NDA. If appropriate, please advise on next steps to review your strategy and historical track record, and connect us with the investor relations contact. Point of contact: [Name, Title] Email/Phone: [details] Website: [URL] Thank you for your consideration.
Links and URLs (verified)
| Resource | URL | Purpose | Verified as of |
|---|---|---|---|
| Blumberg Capital — Website | https://www.blumbergcapital.com/ | Firm overview, team, news | 2025-11-09 |
| Blumberg Capital — LinkedIn | https://www.linkedin.com/company/blumberg-capital/ | Updates, events, contact via messages | 2025-11-09 |
| Blumberg Capital — X (Twitter) | https://twitter.com/BlumbergCapital | Announcements and insights | 2025-11-09 |
| General email | info@blumbergcapital.com | Founders, LPs, and general inquiries | 2025-11-09 |
| SEC EDGAR search | https://www.sec.gov/edgar/search/ | Search public regulatory filings | 2025-11-09 |
No public founders submission portal was identified as of the verification date; use the general email or a warm introduction.










