United States · 
What does Bullpen Capital invest in?
Bullpen Capital invests most often at Series A and Venture (62% of the rounds on record), in sectors such as Gaming, Commerce and Enterprise.
Bullpen Capital highlights
- 01
7 cheques in the last 12 months
- 02
Mostly Series A and Venture: 62% of its rounds
- 03
Sole investor in 5 rounds, median $1.5M
- 04
5 exits from the portfolio
What they do
Bullpen is a venture capital fund investing capital into early-stage companies.From their own website
- Type
- VC firm (from a list, unverified)
- Cheque size
- $600K – $3.0M as they say
- Stages
- Pre-seedSeedSeries ASeries BGrowth
- Sectors
- GamingCommerceEnterprise
- Based in
- San Francisco, United States
- Cold pitches
- Not accepted
The record
Every round we can evidence, newest first113 appearances
- 2026
6 rounds
- Jun
- Jun
- Apr
- Mar
- Jan
- Jan
- 2025
6 rounds
- Nov
- Sept
- Jun
- May
- Mar
- Feb
- 2024
7 rounds
- Oct
- Sept
- Aug
- Jul
- Jun
- Feb
- Jan
- 2023
4 rounds
- Aug
- May
- Feb
- Jan
- 2022
7 rounds
- Nov
- Oct
- Sept
- May
- Jan
- Jan
- Jan
- 2021
8 rounds
- Nov
- Oct
- Oct
- Oct
- Sept
- Jul
- Jun
- Apr
- 2020
3 rounds
- Dec
- Jun
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
The team
Named by the firm itself, on a filing, its Form ADV or its company registration4 named
DDDuncan DavidsonManaging Member of the General PartneriFiling they signed
EWEric WiesenManaging Member of Bullpen SPV Capital Management LLC.iFiling they signed
PJPaul Jason MartinoManaging Member of Bullpen SPV Capital Management LLC.iFiling they signed
RMRichard MelmonExecutive OfficeriFiling they signed
We also hold 19 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
What the register says
From the firm's own filings with the SEC, which it must file accurately by law
$754Mgross assets of its fundsOct 2026
4+funds on filenumbered funds in its name
Exemptreporting adviserventure or small private funds
- Legal name
- Bullpen Management, LLC
- SEC number
- CRD 166060
What they claim to have backed
From their own portfolio page (on their website)
60 of 60 we have independently watched raise
AirmapAllcitynetworkAvantstayBarn2doorBebopsensorsBeyondpricingBlueboardBrazeCitusdataClassyConfidentcannabisCoverhoundCruxocmDrafteaEdgemarketsEnteraFakespotFamaFanduelFanimalGameflipGetbentoGrassrootsunwiredGroveHomelightImprovadoIpsyJackpocketJollyJumprampgamesLawnloveLiveintentMangohealthManufacturedMerchbarNamelyNanomeOcrolusOctaneaiOnsiteiqPaintzenPaperPredictionstrikePrevetaRankerReidopitacoReniacRipplematchRoofrSauceySkywatchSpaceiqSplitwiseSpotheroStarcitySuitenessSwishanalyticsSwitchyardsTankutilityThrivefantasyand 30 more
Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.
Exits from the portfolio
Companies it backed that were later bought or listed5 in all
BylinerBought by PronounUndisclosedSept 2014
Ness ComputingBought by OpenTable$17MFeb 2014
Engagio (old)Bought by InfluitiveUndisclosedFeb 2013
TelloBought by Urban AirshipUndisclosedDec 2012
DeskBought by Salesforce$50MSept 2011
An exit counts when it came after the firm's first round in the company. From historical deal records.