Updated 10:15 AM | Former Virginia Lt. Gov. Don Beyer will enter the crowded Democratic field seeking to replace retiring Rep. Jim Moran in the 8th District.

Beyer confirmed to CQ Roll Call Friday morning that he is interested in the seat and will likely make an announcement on his intentions sometime next week.

“I’m still in the stage of trying to gather the right folks and put together the right plan,” Beyer said in a Friday morning phone interview. “But I have spent almost my entire adult life trying to do politics and public service, and this just seems the next best opportunity.”

Beyer was one of President Barack Obama’s bundlers, helping raise $117,000 for Obama in the 2008 campaign, according to Open Secrets. His fundraising abilities could help him stand out in this district, where television air time comes at a premium in the expensive Washington, D.C., market.

Beyer served as lieutenant governor from 1990 through 1998 and recently ended a stint as U.S. ambassador to Switzerland and Liechtenstein.

Beyer would join three other Democrats who have currently announced bids for this safe Democratic seat, located in the heart of Arlington and Alexandria.

State Dels. Charniele Herring and Patrick Hope announced bids for the seat on Thursday. They joined businessman Bruce Shuttleworth, who lost to Moran in a primary in 2012.

A host of other Democrats could also announce bids for the seat in this solidly Democratic area in the inner suburbs of Washington, D.C. The filing deadline to run for the seat is March 27. The primary, which will likely decide the winner, is June 3.