Blumberg Capital Expands Its Team in Israel

San Francisco-headquartered early-stage venture capital firm Blumberg Capital announced last week it has expanded its team in Israel with three new strategic hires, drawing on Israel’s military intelligence community.

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Ehud Schneorson, who joined Blumberg’s Tel Aviv office as managing director, is a 30-year veteran of the Israeli Intelligence community and a former commander of Unit 8200, the Israeli military's NSA equivalent.

Blumberg also hired Israeli investor Yodfat Harel Buchris as managing director. Harel Buchris serves on the board of Discount Bank, one of Israel's three largest banks, and is a former corporate director of Israeli electronics company Orbotech Ltd. Harel Buchris also served on the boards of companies such as Israel’s national carrier EL Al Airlines, Protalix Biotherapeutics, and mobile computing device developer N-Trig Ltd., bought by Microsoft in 2015.

Idan Nurick, who joins Blumberg Tel Aviv as principal, has served for a decade as a computer scientist in Unit 8200. For the past three years, he was a cyber researcher at Israeli cyber company Sygnia Inc.

Blumberg Capital manages more than $500 million across multiple funds and has made more than 200 investments around the world. The firm opened its Tel Aviv office in 2012. Since then, it has invested in companies such as Tel Aviv-headquartered marketing service Yotpo Ltd., fintech startup Credorax, payment platform startup ZOOZ Mobile Ltd., and small business credit startups Fundbox, Inc.