Blumberg Capital to raise $100m third fund

Blumberg Capital is planning to raise a new $100 million third fund, according to a filing with the US Securities and Exchange Commission (SEC). The firm, led by managing partner David Blumberg, is not yet actively raising capital.

Blumberg Capital is based in San Francisco and has managers in New York and Israel. It focuses on early-stage investments at the seed stage or first financing round. It completed raising its $90 million second fund in January 2011.

Blumberg Capital invests in social networks, software, internet media, and mobile app companies. Israeli investments include Any.DO, to-do list app for Android and iOS devices, Nolio Ltd., and DoubleVerify Ltd.

Much of Blumberg Capital's success comes from Israeli investments 20 years ago, including Check Point Software Technologies Ltd. (Nasdaq: CHKP), and DSP Group Inc. (Nasdaq: DSPG).

Published by Globes [online], Israel business news - www.globes-online.com - on June 25, 2012