Blumberg Capital Raising Fund III – Filing

San Francisco-based venture investor Blumberg Capital is seeking to raise $100 million for a planned third fund, according to a securities filing.

The firm, which invests primarily in software and Internet companies, raised $90 million for its second fund in 2007 and $40 million for its first fund in 2000, according to Thomson Reuters. Though Blumberg is headquartered in San Francisco, it has team members in New York and Israel and invest globally.  Its most recent investments include Revionics, a developer of price optimization software for retailers, Lenddo, a Philippines-based credit scoring service provider, and Urbanara, a Germany-based online seller of home accessories. Investments range from $100,000 to a few million.

Blumberg partners could not be reached for comment.

The firm has had several exits in recent months, though none have disclosed terms. Sales include BringIt, a consumer gaming site that sold to International Game Technology in February, Six Times Seven, an online social shopping company that sold to Groupon in January, and ZipZapPlay, a social gaming startup that sold to PopCapGames (now part of Electronic Arts) in 2011. In 2010, another portfolio company, Siperian, a developer of customer data integration software, sold to Informatica for $130 million.

Blumberg has not yet secured investments for the planned new fund, according to the filing.

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