Blumberg Capital

Blumberg Capital’s latest Compass is live! 🧭 Join us in reflecting on recent events and developments across our global tech ecosystem. Catch up on news from Blumberg Capital portfolio companies SupplyPike, SeaLights, Segmed, Inc., Ferrum Health, Inc., Wunder Mobility, Addepar, and Joshu as we head into the last couple months of 2024!

Congratulations to the Kloudfuse team on your continued growth with the launch of Kloudfuse 3.0. This major release is another step toward empowering enterprises with comprehensive full stack observability. Industry leaders including Workday, GE HealthCare, Tata Group, and Eltropy partner with Kloudfuse to address the growing demand for unified cloud observability, automation and AI troubleshooting. We are proud to be Kloudfuse’s lead Seed and Series A investor! https://lnkd.in/gQAWVXSB

Sharegain recently announced its collaboration with DriveWealth, a leading financial technology platform offering Brokerage-as-a-Service, to level the playing field in capital markets and make securities lending more accessible. “Our mission has consistently been to empower the next generation of private investors. Collaborating with Sharegain extends an efficient investing experience to new B2B partners and their clients globally.” - Michael Blaugrund, CFA, CEO of DriveWealth Sharegain has democratized the securities lending market through its end-to-end digital solution, unlocking potential revenue-generating opportunities that were previously the preserve of big financial institutions.

Congratulations to Blumberg Capital portfolio company FundGuard who was named to CB Insights seventh annual Fintech 100 list, showcasing the 100 most promising private fintech companies in the world. 🎉 CB Insights Principal Analyst Laura Kennedy shared: “This year’s cohort is deploying AI across a wide variety of solutions. They’re also diverse in their reach in emerging and developing economies and focus on everything from fraud prevention to financial inclusion.” FundGuard was cited as one of three winners to have raised "megarounds" ($100M+) in 2024. Blumberg Capital followed on with a growth investment, alongside Key1 Capital, Hamilton Lane, and Team8. Read more: https://lnkd.in/eUsFx-7Y

Blumberg Capital portfolio company FundGuard is featured in TechCrunch’s list of US AI startups that have raised $100M or more in 2024. FundGuard’s recent Series C funding is another milestone in transforming investment operations with cloud-native technology and AI. Blumberg Capital’s latest growth investment in FundGuard is the fourth consecutive round we’ve participated in, starting with leading the Seed in 2018. Rebecca Szkutak writes that AI investments represent 28% of all venture funding in Q3.

Forbes’ Alex Konrad recently wrote about the 'IIT Mafia,' a small group of Indian immigrant engineers who've since started software leaders like Nutanix and Rubrik. We are proud to be associated with IIT alums like Nutanix’s Dheeraj Pandey, who we partnered with since Nutanix's Seed round, and Rubrik’s Bipul Sinha, who started his investment career with Blumberg Capital. Fellow IIT alum and Blumberg Capital team member Pramod Gosavi recently moderated a panel on AI, zero trust, and investment insights at the IIT Bay Area Alumni Association Leadership Conference, alongside Hitesh Sheth, founder and CEO of Vectra AI, and Mario Espinoza, chief product officer at Illumio. Thank you to all who joined the conversation!

Thank you to the supply chain & logistics investors and founders who joined us last night in NYC. We had a great time catching up with old and new friends, as well as portfolio company CEOs including NYSHEX's Gordon Trouncer Downes. Thanks to our wonderful co-hosts Pam Simon, Lisa Chai/Interwoven Ventures and Janie Yu/LFX Venture Partners. We look forward to continuing the conversation leading up to Manifest: The Future of Supply Chain & Logistics.

Stay informed with The CIO In the Know newsletter, where you’ll find the latest insights from a CIO’s perspective. Authored by Tim Crawford, a member of Blumberg Capital’s Innovation Council and a former CIO and senior IT leader at organizations including KONICA MINOLTA, INC., Stanford University, Knight Ridder, Philips Consumer Electronics, and National Semiconductor, the newsletter explores trending topics and essential tools for IT leaders. Subscribe to stay ahead in the ever-evolving world of technology!

Congratulations to Blumberg Capital portfolio company Joshu for earning a spot on  FinTech Global’s InsurTech100 list, recognizing companies transforming the insurance industry. Joshu empowers insurers to launch online distribution channels quickly and independently, enabling insurance professionals to set up their products and launch user-friendly portals, with minimal IT reliance. This recognition underscores Joshu’s commitment to delivering innovative solutions that streamline operations, accelerate time-to-market, and boost competitiveness for insurance companies. Read more ➡️ https://lnkd.in/gautpEvR Bruce Taragin Eitan Gueron

David Blumberg and Ed Sim, founder of boldstart ventures, sat down with CTech by Calcalist to discuss Miami’s position as a growing innovation hub and why it is a unique place for startups - including Israeli founders - and investors. Blumberg Capital portfolio companies and founders based in Florida include Imagene, Theator, Creednz, FirmPilot, Prescient AI , Mytaverse , FlowFi, and Deep Instinct, among others. David Blumberg explains that “the Blumberg Capital team expanded to Miami in 2020 after decades of investing from San Francisco, Israel and New York. The state of Florida is growing as an innovation hub attracting some of the best and brightest from finance, investments and tech to an attractive and flourishing environment.” Check out the full interview from Elihay Vidal below.