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!

Thank you Calcalist כלכליסט for bringing the Israeli and Miami tech ecosystem together this week at the Miami Tech & Invest Conference. The resilience and leadership of Israel's tech industry were clear during a panel discussion between Sophie Shulman, Blumberg Capital's Bruce Taragin, Navan's Ilan Twig, Israel Export Institute מכון היצוא's Nili Shalev and AT&T Israel R&D Center's Rinat Zilberstein. Our team has invested in Israeli founders for decades and believe the best is yet to come from the Startup Nation.

Grateful, connected and energized ✨ Miami, New York, San Francisco, Tel Aviv ➡ Blumberg Capital 2024 Offsite From strategy sessions to beach Olympics, we had fun, lots of laughs, a few debates, and opportunities to channel that competitive spirit that drives us every day. To another year ahead...together!

Calcalist כלכליסט recently featured an article by David Blumberg on how Miami is carving out its own identity as a global innovation hub and U.S. landing pad for Israeli startups. A few highlights: 🌎 Miami brings together a mixture of backgrounds—from immigrant entrepreneurs, creatives and academics to Wall Street and Silicon Valley transplants. 💡 The state and city’s leadership, including Mayor Suarez, have been strong advocates for Miami's growth as an innovation hub. 🤝 Meetings in Miami are in person by default. Startups should take advantage of the off-Zoom meeting culture. 🚀 Florida’s location fuels diversity in industries - from finance to travel and entertainment, supply chain & logistics, aviation and the burgeoning space industry. These industries spin off entrepreneurial ideas and startups. ☀️ The climate, large Jewish community, welcoming culture and proximity to Israel are all considerations for choosing Miami as a new home. Israeli CEOs of Blumberg Capital portfolio companies including Creednz, Imagene and Theator are in Florida. Read the article for more... 👇

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.