San Francisco based early-stage venture capital firm, Blumberg Capital has announced the closure of its fourth fund worth $200 million, according to tech media portal TechCrunch.
Its previous fund was worth $150 million. Blumberg Capital will be using the money to invest in enterprise, security and fintech early stage startups.
The venture firm, according to the website, is willing to invest in idea stage and write checks “even in companies with no product.” The website quoted David Blumberg, Founder and Managing Partner of the venture firm as quoting.
Though based in San Francisco, Blumberg Capital has team members in Tel Aviv and New York.
It typically investments in the range from $500,000 to $5 million with additional amounts reserved for follow-on funding.
Blumberg’s notable exits include Nutanix, Checkpoint Software, Creo, DSP Group, and Hootsuite.