Fundraising Fox

Bullpen Capital

Venture capital

San Francisco · Seed–Series A · 15 people tracked

Also known as BULLPEN MANAGEMENT, LLC

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Investment thesis

Bullpen Capital specializes in early-stage financing for founders and companies that have achieved product-market fit but are overlooked by conventional investors for reasons unrelated to their potential. The firm positions itself as a backer of contrarian bets and unconventional founders, funding companies that other VCs dismissed as unlikely to succeed. Over the past decade it has invested in more than 100 companies across sectors such as gaming, sports betting, consumer, enterprise software, digital health, and energy technology, aiming to help build the next generation of great businesses.

Source: firm website, verified Aug 28, 2026.

Stage
Seed–Series A
Check
$2M – $4M
HQ
San Francisco, California, US
Leads rounds
Follows
Instruments
Equity
Founded
2010
Last 12 months
3 investments
AUM
$575M
VC funds
20
Tracked investments
133

Team · 15 people

from the firm's website & curated & public directories

What they invest in

from 90 of 133 portfolio companies

SaaS ×37AI & Machine Learning ×30Consumer ×24Marketplaces ×16Data & Infrastructure ×14Enterprise Software ×12E-commerce ×10Fintech ×10

HQs:United States×66Canada×3Mexico×1

Who they back

founder profiles across 60 portfolio companies
53%
solo founders
32 of 60 mapped founding teams
66%
repeat founders
of 44 founders with career history
~3 yrs
old at investment
median across 16 dated deals

Founding team size:solo founder×322 founders×193 founders×74+ founders×2

Where their founders studiedfrom 42 founders with education data

UCLA ×3Stanford University Graduate School of Business ×2The Johns Hopkins University ×2UC San Diego ×2University of California, Berkeley ×2University of California, Berkeley, Haas School of Business ×2University of California, Davis ×2University of California, Santa Cruz ×2

Where their founders worked beforefrom 44 founders with career history

100.co ×2Klarna ×2U.S. House of Representatives ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×7Techstars ×3

1 founders hold a PhD · 8 hold an MBA (of 44 with degree data)

Investments · 133 tracked

founders shown can be your intro path

By year:2026 · 32025 · 12024 · 22022 · 22021 · 22020 · 22019 · 22017 · 12016 · 22015 · 32014 · 32013 · 124 dated

Braze, Inc.braze.comin𝕏NASDAQ: BRZE

Braze is a customer engagement platform that helps brands connect with customers across multiple channels.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaS

Bill Magnuson(CEO)Jon Hyman(CTO)Mark Ghermezian

Co-investorsAccelerator VenturesBattery VenturesBlumberg CapitalCross Creek AdvisorsFour Acres CapitalICONIQ+10 more

Grove Collaborativegrove.coinNYSE: GROV

Grove is an e-commerce platform that curates and sells household and personal care products vetted against health and environmental standards.

Circular EconomyConsumerDirect to ConsumerE-commerceSan Francisco, US

Stuart Landesberg(Executive Officer, Director)inChris Clark(Director)inJordan SavageinChristopher Clark(Director)

BoardJeff Crowe(Director)Tim Chang(Director)

Co-investors500 GlobalForefront VentureGlynn Capital ManagementGutbrain VenturesHemisphere Ventures LLCNorwest Venture Partners+7 more

Brightsidebrightside.comin𝕏Mar 2020✓ verified

Brightside provides remote mental health care combining personalized psychiatry and therapy through a technology-enabled platform.

Digital HealthHealthtechMental HealthSan Francisco, US

Jeremy Barth(Executive Officer, Director)Brad Kittredge(Founder)inBradley Kittredge(Executive Officer, Director)

BoardAike Ho(Director)in

Board seatEric Wiesen· per SEC Form D

Co-investorsACME CapitalEastward Capital PartnersObvious VenturesRosecliff VenturesSlow VenturesTime BioVentures+4 more

Plink Santa Monica, CAplink.aiin✓ verified

Plink provides technology solutions with consumer- and portal-facing products, though the investor relations page gives limited detail on its specific offerings.

AI & Machine LearningFintechRetail TechSaaSLos Angeles, US

Mitch Jacobs(CEO & Founder)

Co-investorsCrossCutClocktower VenturesReciprocal VenturesTemerity Capital PartnersIrishAngelsTTV Capital

Roofrroofr.comin𝕏✓ verified

Roofr operates a digital platform for the roofing industry that uses satellite imagery to generate instant roofing estimates, connecting contractors and homeowners to streamline the sales and estimation process.

B2B MarketplacesConstruction TechConsumerEnterprise SoftwarePropTechSaaSSan Francisco, US

Richy Nelson(Founder/CEO)inKevin Redman(Founder/CTO)in

Co-investorsCrosslink CapitalEntrepreneur VenturesVertical Venture PartnersY CombinatorACE & CompanyBlumberg Capital+2 more

Windfallwindfall.comin𝕏✓ verified

Windfall is a people intelligence and AI company that provides access to people data along with propensity modeling and machine learning to help go-to-market teams prioritize resources and engage the right prospects.

AI & Machine LearningData & InfrastructureSaaSSales Tech

Arup Banerjee(Founder)inDaniel Stevens(Founder)in

Co-investorsCALIFORNIA INNOVATIONValuestream Ventures

ALL3Dall3d.aiSep 2024

ALL3D offers a platform to create, customize, manage, distribute, and monetize 2D and 3D digital assets for use in ecommerce and advertising across devices.

AdTechE-commerceSaaSSan Francisco, US

Amra Tareen(Executive Officer, Director)Ashley Redmond(Founder)

Board seatPaul Martino· per SEC Form D

Co-investorsHearstLabWXR Fund

AvantStayavantstay.comin𝕏Jun 2025

AvantStay operates a collection of fully furnished, design-forward vacation rental homes in sought-after U.S. destinations, offering short- and long-term stays with amenities like concierge service, Wi-Fi, and smart locks.

B2B MarketplacesFuture of WorkMarketplacesPropTechTravel & HospitalityCulver City, US

Sean Breuner(Executive Officer, Director, Promoter)Reuben Doetsch(Executive Officer, Director, Promoter)Jesse Suarez(Executive Officer)Jodi Kessler(Director)

BoardShawn Colo(Director)

Board seatEric Wiesen· per SEC Form D

Co-investorsAbstract VenturesBlue Ivy VenturesConvivialité VenturesDaft CapitalEvolution VC PartnersF-Prime Capital+5 more

BentoBoxgetbento.cominJun 2017

BentoBox provides restaurant marketing and commerce solutions, now integrated into the Clover POS ecosystem.

Marketing TechMarketplacesSaaSNew York City, US

Krystle Mobayeni(Executive Officer, Director, Promoter)Pierre Drescher(Executive Officer, Promoter)

Board seatEric Wiesen· per SEC Form D

Co-investorsFemale FoundersLaunchCapitalRiverPark VenturesTechstarsThreshold VenturesTIA Ventures+6 more

Deja MiNov 2014SEC filingmedium confidence

Raleigh, NC startup behind geo-based photo-sharing app Deja Mi and wedding photo-sharing app WedPics.

Raleigh, US

Andrew Heymann(Executive Officer)Justin Miller(Executive Officer, Director)Idan Koren(Executive Officer, Director)

BoardLister Delgado(Director)Aleksander E. Osadzinski(Director)

Board seatPaul Martino· per SEC Form D · $7.3M raise · filed Jan 2016

Edge Marketsedgemarkets.ioinMar 2026

EDGE Markets builds banking and payment infrastructure purpose-built for high-volume gaming and trading, including a high-throughput debit platform (EDGE Boost) with a $1,000,000 daily limit, a private closed-loop payment rail (EDGE Connect), and a banking platform for market makers and institutional investors (EDGE Pro).

FintechGamingSaaSWilmington, US

Seni Thomas(CEO & Founder)Josh Jacobs(President & Executive Director)David Woodley(Chief Revenue Officer)Adam Neff(Chief Product Officer)Lizzy Harrison(EVP, Head of Strategy)Edward Campiani(Chief Compliance Officer)

Board seatPaul Martino· per SEC Form D

Co-investorsCoinFund

Spin Joy HoldingsFeb 2026SEC filingmedium confidence

Bentonville, US

James A. Janis(Executive Officer, Director)

BoardGary Westerman(Director)Ken Burdick(Director)John Lynch(Director)

Board seatPaul Martino· per SEC Form D · $8.6M raise · filed May 2026

Aboutabout.me𝕏

about.me offers personal profile pages enhanced with an AI "Virtual Twin" that chats with visitors, answers questions about the user's background and work, captures leads into a built-in CRM, and books meetings.

AI & Machine LearningCreator EconomySaaS

Co-investorsLowercase Capital

AI competitive intelligencedaash.coin

DAASH combines multiple research panels, social and advertising signals, and product attribute data to model sales performance, market share, and emerging trends for consumer brands.

AI & Machine LearningData & InfrastructureMarketing TechRetail Tech

Melissa Munnerlyn(CMO)inPhilip Smolin(CEO)inJustin Stewart(CTO)

Co-investorsEntrepreneur VenturesGFT VenturesHypothesisNew Stack VenturesRed Bike CapitalSilicon Road Ventures

Airmapairmap.comAcquired

AirMap builds airspace information and traffic management software for low-altitude drone operations; acquired by DroneUp in 2021.

Santa Monica, US

Gregory McNeal(Executive Officer, Director)Ben Marcus(Founder)inBenjamin Marcus(Executive Officer, Director)

BoardBilal Zuberi(Director)in

Co-investorsComet LabsLux CapitalOne Planet GroupR/GA VenturesSony Ventures CorporationWonder Ventures+2 more

ALLCITYallcitynetwork.com𝕏

ALLCITY Network is a local sports media company that builds city-based teams of creators, analysts, and fans to produce daily, team-specific content across podcasts, YouTube, social, and newsletters.

AdTechMedia & EntertainmentSports Tech

Co-investorsAurumCauseway PartnersMastryMosaic General Partnership, LLC

Arro

Credit card and app for simple, accessible credit building.

ArroFiarrofinance.comin

Arro is a fintech platform that offers a credit-building credit card with cash back rewards and an AI-powered money coach to help users build credit, earn financial rewards, and improve their financial habits.

Fintech

Co-investorsBAM VenturesCrosslink CapitalD3VCHawke VenturesWestern Technology InvestmentBlumberg Capital+3 more

AssistlyAcquired

Assistly was a San Francisco cloud help desk for small businesses, acquired by Salesforce.com in 2011 for about $50 million.

Atrium

Data-driven team management analytics for sales.

Atriumhqatriumhq.cominacquired by Fullcast

Atrium is a data-driven sales performance management platform for sales managers, acquired by Fullcast in August 2025.

AI & Machine LearningSaaSSales Tech

Co-investorsBonfire Ventures

Autolabautolab.mx

Autolab manages maintenance and repair services for vehicle fleets, coordinating a network of workshops and providing a technology platform for scheduling, real-time job monitoring, photographic reports, warranty handling, and standardized pricing.

Logistics & Supply ChainMobility & TransportationSaaS

Co-investorsHAVEN VENTURESPolymath VenturesVertical Venture Partners

Autolabautolab.ai

Autolab is an autoresearch platform for AI model training that uses autonomous AI agents to plan, code, run, and score machine learning experiments in parallel across a customer's own compute, iterating until a defined goal and eval metric are met.

AI & Machine LearningDeep TechDeveloper Tools

Co-investorsLink VenturesHAVEN VENTURESVertical Venture Partners

Barn2Doorbarn2door.com

Barn2Door provides software and services for farmers to sell their products online and in person, automating orders, payments, inventory, email campaigns, and delivery logistics.

AgTechE-commerceFoodTechSaaSSeattle, US

Janelle Maiocco(Founder)inJAMES MAIOCCO(Executive Officer, Director)

BoardDUNCAN DAVIDSON(Director)inKATHY CHILL(Director)

Co-investorsConductor CapitalFf Venture CapitalFourth RealmSocial StartsDecathlon Capital PartnersGlobal Founders Capital+2 more

BeBop Sensors, Inc.bebopsensors.comDec 2016

An independent comparison site reviewing and ranking online casinos for Canadian real-money players, evaluating operators on licensing, security, bonuses, payment methods, game selection, and payout speed.

ConsumerMedia & EntertainmentBerkeley, US

Keith McMillen(Executive Officer, Director)Michelle Cook(Executive Officer)

BoardStephen Mendel(Former Director - resigned 3/6/2016)Stan Friedman(Director)Robin Nijor(Director)Steven Berger(Director)

Co-investorsNSV Wolf Capital

Berylliumberyllium.aiinFeb 2014Acquired

Beryllium was a drug discovery contract research organization acquired by UCB Pharma in 2017.

BiotechBedford, US

Johan Pontin(Manager)Neil Weir(Manager)Brian Hubbard(Manager)Jeffrey Newton(Manager)Brent Bannerman(Manager)

Beryllium (Sixer)

Platform expanding trading beyond traditional markets, starting with fantasy sports.

Beyondbeyondpricing.comin𝕏

Beyond provides revenue management and pricing tools for short-term rental property managers and owners globally.

AI & Machine LearningPropTechSaaSSan Francisco, US

David Kelso(Co-founder & CTO)

Co-investorsBessemer Venture PartnersResolute VenturesInterlagosSocial LeverageY Combinator

Beyond Pricing

Dynamic pricing platform for vacation rentals.

Blueboardblueboard.comDefunct

Blueboard was an experiential employee rewards and recognition platform that ceased operations in March 2024.

Co-investorsRoyal Street Ventures Management Company, LlcOrigin Ventures

CAMPcamp.comin𝕏

CAMP operates family entertainment venues combining immersive themed experiences, hands-on activities, and toy retail in physical locations.

Consumer

Nikki Kaufman(Founder)

Co-investorsBLH Venture Partners, LLCDisney AcceleratorLerer HippeauMaywic Select InvestmentsReshapeZigg Capital+3 more

Carbon Healthcarbonhealth.comin𝕏

Carbon Health operates a chain of clinics offering urgent care, primary care, and chronic condition management, combining technology with in-person care to provide broader access to health services.

Digital HealthHealthtechMedia & Entertainment

Eren Bali(Founder)Greg BurrellTom Berry

Co-investors500 Emerging Europe500 GlobalAkkadian VenturesAnnex InvestmentsBuilders VCDCVC (Data Collective)+13 more

Chartiochartio.com𝕏acquired by Atlassian

Chartio is a data visualization and analytics platform that enables users across organizations to create and explore data on dashboards.

Data & InfrastructureEnterprise SoftwareSaaSSan Francisco, US

Dave Fowler(Founder/CEO)in

Co-investorsKima VenturesY CombinatorAvalon Ventures Management, LlcCrosslink Capital

Citus Datacitusdata.comin𝕏Acquired

Citus is a Postgres extension that enables horizontal scaling of databases by distributing data and queries across multiple nodes.

Data & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US

Sumedh Pathak(Founder/Engineer)

Co-investorsBling CapitalDCVC (Data Collective)HeavybitRainfall VenturesStreamlined VenturesY Combinator+1 more

ClassyAcquired

Online fundraising tools for nonprofits.

Confident Cannabisconfidentcannabis.comin

Confident LIMS is a cloud-based laboratory information management system designed for analytical testing labs across industries including cannabis, food, agriculture, nutraceuticals, environmental, cosmetics, and industrial chemicals.

Enterprise SoftwareHealthtechSaaS

Co-investorsBase Venture Management, Inc.Innovating Capital

Cover Houndcoverhound.comAcquired

Insurance comparison (AngelPad #2).

Keith Moore(Founder)in

Co-investorsAngelPadBlumberg CapitalCore Venture CapitalRoute 66 VenturesRRE Ventures

creedusecreed.com

Creed Labs builds an AI-powered consumer app that provides biblical guidance, customizable daily prayers, and scripture verses.

AI & Machine LearningConsumer

Co-investorsAntiUlu Ventures

Crux OCMcruxocm.comin𝕏

CruxOCM develops AI-powered automation software for industrial control room operations in energy infrastructure, enabling autonomous monitoring and control to improve throughput and reduce operational risk.

AI & Machine LearningCleantechClimate TechEnergyEnterprise SoftwareIoTCalgary, CA

Vicki Knott, P.Eng(Founder)inRoger Shirt(Director)Victoria Knott(Executive Officer, Director, Promoter)

BoardEric Wiesen(Director)Gil Dibner(Director)

Co-investorsAngel InvestAngular VenturesGolden VenturesM12 (Microsoft's Venture Fund)Raven CapitalRoot Ventures Manager, Llc+3 more

DAASH

Actionable data to help brands make strategic decisions.

Daash Intelligencein

Daash Intelligence runs an AI-based predictive commerce intelligence platform for beauty and personal care retail brands.

San Francisco, US

Philip Smolin(Executive Officer, Director)Kim Perell(Executive Officer, Director)

BoardRoss Kimbel(Director)

Co-investorsGFT VenturesNew Stack VenturesOpenSky VenturesRed Bike CapitalSilicon Road VenturesWillow Growth Partners

Donate Nowclassy.orgin𝕏acquired by GoFundMe

Classy, acquired by GoFundMe, provides fundraising software for nonprofits that combines donation management tools with the GoFundMe platform to help organizations reach donors and increase charitable giving.

FintechSaaSSan Diego, US

Patrick Walsh(Director, Promoter)Scot Chisholm(Executive Officer, Director, Promoter)Joe Callahan(Founder)in

BoardHoward Deshong(Director)Adam Garone(Director)Paul Leggett(Director)

Co-investorsHinge CapitalNorwest Venture PartnersRethink ImpactThirty Five Ventures (35V)Mithril Capital Management

Drafteadraftea.com𝕏

Draftea is a mobile app for online sports betting, offering live in-game betting with real-time odds across sports such as soccer, American football, basketball, baseball, and Formula 1.

ConsumerGamingSports Tech

Alán Jaime Misrahi(Founder)inJoe Cohen(Founder)in

Co-investorsMantis CapitalCourtside VenturesSequoia CapitalStepstone Group

Enteraentera.aiin

Entera operates a single platform for the residential real estate investment lifecycle, combining proprietary data, AI-powered underwriting and pricing, workflow tools, and a service-partner network to help investors buy, sell, and operate single-family homes at scale.

AI & Machine LearningPropTechSaaSHouston, US

Martin Kay(Founder)inGregory Morrison(Founder)inRobert Salmons(Founder)in

Co-investorsValuestream Ventures

EQL Gameseqlgames.comin

EQL Games is a game studio, third-party content aggregator, and licensor focused on the lottery industry, developing new game products for lotteries and players.

GamingLouisville, US

Brad Cummings(Founder)Michelle Boice(Chief Operating Officer)Austin Mayberry(Chief Technology Officer)Greg Buonocore(Director)Seth Young(Director)Bradford Cummings(Executive Officer, Director)

Co-investorsKeyhorse Capital

Fakespotfakespot.com𝕏Acquired

Fakespot was a browser extension and mobile app that used AI to analyze the authenticity of online product reviews for consumers.

AI & Machine LearningConsumerCybersecurityE-commerceNew York, US

Saoud Khalifah(Executive Officer, Director, Promoter)Sze Ming Ooi(Mr. Ooi is the Chief Strategy Officer of the Issuer.)Sashi Reddi(Director)Jeremy Patuto(Director)Robert Gross(Executive Officer)Robert E. Gross(Executive Officer)

Co-investors500 GlobalBeresford VenturesGraph VenturesFaith CapitalSRI Capital

Famafama.ioin𝕏Jul 2015

Fama uses AI to conduct online screening of individuals for compliance purposes, analyzing public web presence.

AI & Machine LearningHR TechSaaSNational Harbor, US

Saiful Khandaker(Executive Officer, Director, Promoter)

Co-investorsBonfire VenturesConductor CapitalCrosscut VenturesK5 VenturesSilverton PartnersSocial Starts+1 more

Fan Duelfanduel.com𝕏

FanDuel offers online sports betting and gaming entertainment products for sports fans across the U.S. and Canada, partnering with leagues, teams, and talent.

ConsumerGamingSports Tech

Nigel Eccles(Founder)inAmy Howein

Co-investorsAmplify.LAAnsa CapitalAurumBettor CapitalComcast VenturesFelicis Ventures+11 more

Fanimalfanimal.comin𝕏Defunct

Fanimal is an online ticket marketplace where users can buy and sell tickets to sports events, concerts, and music festivals across leagues including the NFL, NBA, MLB, NHL, MLS, and NCAA.

E-commerceMarketplacesMedia & Entertainment

Jonny Halprin(Founder)in

Co-investorsWestern Technology Investment

Filament LabsOct 2015

Austin-based health software company behind Patient IO, an API-first platform for delivering mobile care plans to patients.

Austin, US

Colin Anawaty(Executive Officer, Director, Promoter)Jason Bornhorst(Executive Officer, Director, Promoter)

BoardKyle Armbrester(Director)

Co-investorsCrosslink CapitalDigital Currency GroupHaystackSamsung VenturesTechstarsVerizon Ventures+1 more

flexEngageflexengage.comin𝕏Acquired

flexEngage provides retail software that personalizes post-purchase communications like receipts to drive repeat customer purchases.

Enterprise SoftwareOrlando, US

Tomas Diaz(Founder/CEO)inJay Patel(Founder)in

Co-investorsFlorida FundersPJCStruck CapitalY Combinator

Flick

Connects fans with sports communities for deeper engagement.

Flickappflickapp.com
Flipjustflip.com𝕏Jan 2026 · $20M

Flip operates a mobile marketplace where users buy and sell rare and limited-edition sneakers from verified sellers, with transactions completed within 90 minutes.

ConsumerDirect to ConsumerMarketplacesLos Angeles, US

Kemar Newell(Founder/CEO)in

Co-investorsBase Venture Management, Inc.Y CombinatorData Point CapitalForum VenturesNext Coast VenturesRidge Ventures+1 more

Flipflipcx.comin𝕏

Flip builds Voice AI that automates customer service phone calls for retail eCommerce, healthcare, and transportation brands.

AI & Machine LearningEnterprise SoftwareSaaS

Sam Krut(Founder)inBrian Schiffin

Co-investorsData Point CapitalNext Coast VenturesScOp Venture CapitalHV CapitalNotion Capital

Flip (RedRoute)

AI-powered voice automation for brand phone support.

Gameflipgameflip.com𝕏

Gameflip is an online marketplace where individuals and professional sellers buy and sell gaming items, including in-game items, game codes, and Steam games, with delivery options such as auto-delivery and bot delivery.

E-commerceGamingMarketplaces

Terry Ngo(Founder)in

Co-investorsForefront VentureGoAhead VenturesSocial StartsAccelAlpaca VCLaton Ventures

GoodTimegoodtime.ioin𝕏

GoodTime provides AI-powered interview scheduling software for enterprise talent acquisition teams, automating interviewer selection, candidate communications, rescheduling, and high-volume interview days.

AI & Machine LearningHR TechSaaS

Co-investorsAtinum Investment Co. Ltd.Big Basin CapitalGSV VenturesGingerbread Capital

Grassroots Unwiredgrassrootsunwired.comin𝕏

Grassroots Unwired provides mobile-first canvassing and field-organizing technology for political campaigns and nonprofit organizations, supporting voter outreach, fundraising, and constituent data capture.

FintechGovTechImpact & Social GoodSaaSYardley, US

RUSS OSTER(CEO)

Co-investorsBen Franklin Technology PartnersRobin Hood Ventures

GRINgrin.coin𝕏

GRIN is a creator marketing platform for brands, offering tools to discover influencers, manage relationships, handle payments and shipping, run affiliate programs, and track campaign performance.

AI & Machine LearningMarketing TechSaaS

Brandon Brown(Founder)Ryan Brown(Founder)Ryan Debenham(CEO)in

Co-investorsBase Venture Management, Inc.Escalate Capital PartnersEudemian VenturesForefront VentureGood FriendsMoneta Ventures+5 more

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 6

IPOs and acquisitions across the tracked portfolio

Braze, Inc.NASDAQ: BRZEGrove CollaborativeNYSE: GROVAtriumhqacq. by FullcastChartioacq. by AtlassianDonate Nowacq. by GoFundMeLawn Loveacq. by LawnStarter

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Bullpen Capital made?
Bullpen Capital has 94 tracked investments, 7 of which have exited via acquisition or IPO, including 3 dated in the last 24 months.
What stage does Bullpen Capital invest at?
Bullpen Capital invests at the Seed, Series A stages.
What is Bullpen Capital's typical check size?
Bullpen Capital typically writes checks of $2M – $4M.
What sectors does Bullpen Capital focus on?
Bullpen Capital focuses on Consumer, Digital Health, Energy, Enterprise Software, Fintech, Gaming, IoT, SaaS, Sector Agnostic, Sports Tech.
Where is Bullpen Capital located?
Bullpen Capital is headquartered in San Francisco, US.
Does Bullpen Capital lead rounds?
Bullpen Capital typically participates in rounds rather than leading them.
Who does Bullpen Capital co-invest with?
Bullpen Capital most often shares deals with 500 Global, Y Combinator, Forefront Venture, among 268 tracked co-investors.

From the blog

visit blog ↗

Bullpen Capital has been writing about portfolio companies spanning AI agents, community-focused real estate, and regulated gaming. Their recent posts highlight investments in novel product categories—machine-to-machine networks, neighborhood work clubs, and digital lottery infrastructure—with emphasis on founders who pursue unconventional market approaches. AI summary

Media · Podcasts & interviews

featuring the team

SpaceX comes down to data centers in space, says Bullpen Capital's Duncan Davidson

Duncan Davidson · cnbc.com

SpaceX comes down to data centers in space, says Bullpen Capital's Duncan Davidson

Duncan Davidson · cnbc.com

Investment Niches ft. Bullpen Capital Founder Paul Martino

Grace Gong · Paul Martino

OpenAI's robust funding will help it remain private, says Bullpen Capital's Duncan Davidson

CNBC Television · Duncan Davidson

AI is now bringing activity back to Silicon Valley, says Bullpen Capital's Duncan Davidson

CNBC Television · Duncan Davidson

Bullpen Capital’s Duncan Davidson discusses the dangers of 'A.I. washing' and buzzword investing

CNBC Television · Duncan Davidson

Co-investors · 151

500 Global

500 Global (formerly 500 Startups) is a venture capital firm whose flagship Silicon Valley strategy backs promising technology companies from pre-seed onward across a range of sectors and geographies.

$150K
Techstars

Techstars is a startup accelerator and early-stage investor that funds ambitious founders and provides capital, mentorship, and access to a global network of investors, operators, and corporate partners.

$220K
NextView Ventures

NextView Ventures is a seed-stage venture capital firm that works closely with founders, providing hands-on support to help build companies from inception to scale.

$250K – $4M
Valuestream Ventures

ValueStream Ventures is an early-stage venture fund focused on B2B platforms built around valuable proprietary data.

$250K – $10M
Norwest Venture Partners

Norwest Venture Partners is an investment firm whose growth equity team backs private, profitable, fast-growing companies, providing capital and hands-on support through its 'invited guest' approach.

$10M – $30M
Gradient Ventures

Gradient is a seed-stage venture fund focused on backing founders building artificial intelligence companies, providing hands-on support as builders and mentors.

$100K – $10M
RRE Ventures

RRE Ventures is a boutique early-stage venture capital firm that backs founders across sectors, combining decades of experience with AI-driven analysis throughout the investment lifecycle.

$5M – $15M
Lux Capital

Lux Capital is a venture capital firm that backs founders building transformative deep technologies, having been among the first investors in category-defining companies across AI, robotics, biotech, defense, and infrastructure.

$100K – $100M
Bonfire Ventures

Bonfire Ventures is a seed-stage venture capital firm that backs founders reinventing how business operates, leading seed rounds in AI-native B2B software.

$2M – $4M
Lerer Hippeau

Lerer Hippeau is an early-stage venture capital firm that backs founders across sectors, emphasizing investing in companies before they gain wider recognition.

Both backed · 3
$500K – $2M
Social Leverage

Social Leverage is an early-stage venture firm that partners with founders at the seed stage, providing capital along with operational expertise, network access, and media reach.

$1M – $2M
Social Starts

Social Starts is a group of early-stage venture funds that applies a data-driven, analytics-based methodology to identify and back promising companies in high-potential segments. Its current fund, Social Starts Health and Happiness, targets startups focused on helping people live longer and better.

139 more co-investors

MaC Venture CapitalChicago VenturesMontage VenturesVertical Venture PartnersAndreessen HorowitzBessemer Venture PartnersAccelFirst Round CapitalSapphire VenturesGreycroftKapor CapitalResolute VenturesRidge VenturesAngelPadCrosscut VenturesGolden VenturesData Point CapitalLaunchCapitalOmega Venture PartnersGV (Google Ventures)Khosla VenturesRedpoint VenturesFJ LabsBain Capital VenturesTrue VenturesIVP (Institutional Venture Partners)Great Oaks Venture CapitalStreamlined VenturesOffline VenturesSlow VenturesBling CapitalOak HC/FTScale Venture PartnersSierra VenturesQED InvestorsTrinity VenturesIntel CapitalAltaIR CapitalLightbankTSVCMS&AD VenturesRenegade PartnersCoinFundWork-BenchTusk Venture PartnersAccelerator VenturesNext Coast VenturesAngular VenturesForum VenturesG20 VenturesSpace CapitalMithril Capital ManagementMana VenturesKrillion VenturesIronspring VentureMHS CapitalAlpine MeridianConductive VenturesLaconiaFramework Venture PartnersScOp Venture CapitalDifferential VenturesZeno VenturesCabra VCGrit Capital PartnersLas Olas Venture CapitalSRI CapitalEnergy FoundryRET VenturesFounders FundCraft VenturesLong Journey VenturesFounder CollectiveUncork CapitalBenchmarkSV AngelUberFoundation CapitalCoatue ManagementDST GlobalTiger Global ManagementEniac VenturesSusa VenturesMayfield FundUpHonest CapitalHeadlineAccel-KKREmergence Capital PartnersBowery CapitalPractical Venture Capital2048 VenturesQueensBridge Venture PartnersM13Blockchain CapitalPareto HoldingsSalesforce Japan Co.,Ltd.WGI GroupArray Ventures Management LlcBetaworks Ventures Management, Llc7percent VenturesNextGen Venture Partnersboldstart venturesTCVPolychain CapitalUpside PartnershipAnorak VenturesScience VenturesThe Finger GroupReach CapitalCP VenturesRelay VenturesBlueRun VenturesThomvest VenturesVertex Ventures Sea Management Pte. Ltd.20VC14WEuclid Venture PartnersPrimitive VenturesMiramar Venture PartnersDeciensPiton Capital LLPTrust VenturesAlpine VenturesBain Capital VenturePiva CapitalImaginary Venture CapitalVinyl CapitalAperiam VenturesTunitas VenturesRock VenturesFormic VenturesHarmonix Music SystemsInspiration VenturesUpheaval InvestmentsGotham VenturesTrimble Venturesmark vc01VenturesPoseidon Asset Management

Firms observed investing alongside Bullpen Capital, from public investor directories. Shared companies are the overlap with Bullpen Capital's recorded portfolio.

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