In an announcement, Blumberg Capital said it had closed Blumberg Capital III. This fund is a USD150 million venture capital investment fund that would provide seed investments and other early stage financing for disruptive technology startups.

According to Blumberg Managing Partner David J. Blumberg, "We are pleased with the fundraising success and want to thank our investors for their continued support. We specialize in leading seed-stage financing rounds with the motto 'Go early, go big". Our recent success with HootSuite yielded a 52X return on our initial investment and is a powerful endorsement of that strategy. We are active investors adding value through business development by leveraging our extensive network of CIOs, CMOs and strategic partners."

Blumberg Capital provides specialization in leading Seed and Series A syndication rounds with angel investors, venture capital firms and strategic investors. Its headquarters are in San Francisco with an extension office on Tel Aviv, Israel.