Bullpen
Capital, the leader in Post-Seed Round funding, today announced
Bullpen III. The $75 million fund was oversubscribed with
participation from Greenspring Associates, Venture Investment Associates (VIA), Oberlin
College, and other institutional and individual investors. Like the firm’s
previous two funds, Bullpen III will invest in technology startups between
their Seed and Series A financing rounds.
Capital, the leader in Post-Seed Round funding, today announced
Bullpen III. The $75 million fund was oversubscribed with
participation from Greenspring Associates, Venture Investment Associates (VIA), Oberlin
College, and other institutional and individual investors. Like the firm’s
previous two funds, Bullpen III will invest in technology startups between
their Seed and Series A financing rounds.
Founded in 2010, Bullpen Capital is the first venture firm
to specialize in Post-Seed funding. “Bullpen seeks out startups that have
excellent early operating metrics but that are frequently overlooked by the
rest of the venture ecosystem. Many Bullpen companies are in under-invested
categories and geographies or have founders with unusual backgrounds,”
said Bullpen General Partner Paul Martino.
to specialize in Post-Seed funding. “Bullpen seeks out startups that have
excellent early operating metrics but that are frequently overlooked by the
rest of the venture ecosystem. Many Bullpen companies are in under-invested
categories and geographies or have founders with unusual backgrounds,”
said Bullpen General Partner Paul Martino.
“Bullpen Capital’s deeply analytical approach and
robust franchise in the burgeoning Post Seed space make the firm stand out
among the large crop of newly formed Micro-VCs,” said Chris Douvos
Managing Director of VIA. “We are thrilled to be along for the journey as
members of the limited partner advisory board and look forward to watching
Bullpen seek outstanding returns on behalf of its top-notch roster of
institutional investors.”
robust franchise in the burgeoning Post Seed space make the firm stand out
among the large crop of newly formed Micro-VCs,” said Chris Douvos
Managing Director of VIA. “We are thrilled to be along for the journey as
members of the limited partner advisory board and look forward to watching
Bullpen seek outstanding returns on behalf of its top-notch roster of
institutional investors.”
“In addition to fund-of-fund investors like Greenspring
and VIA, Fund III is the first time that we have had support from colleges and endowments,”
said Eric Wiesen, General Partner at Bullpen Capital.
and VIA, Fund III is the first time that we have had support from colleges and endowments,”
said Eric Wiesen, General Partner at Bullpen Capital.
“We are excited to have partnered with Bullpen by
committing to this investment vehicle,” said JT Thayer, CIO of Oberlin.
“The firm applies a unique and very innovative strategy to venture
investing that should prove to be extremely successful in the current
environment. We believe the success of Bullpen’s approach can be seen in the
exceptional outcomes in the firm’s prior funds.”
committing to this investment vehicle,” said JT Thayer, CIO of Oberlin.
“The firm applies a unique and very innovative strategy to venture
investing that should prove to be extremely successful in the current
environment. We believe the success of Bullpen’s approach can be seen in the
exceptional outcomes in the firm’s prior funds.”
· Classy,
a fundraising platform for non-profits and social enterprises, recently raised $35m led by JMI capital. CEO Scot
Chisholmsaid, “Doing my Bullpen Round prior to my Series A really turbo
charged our growth. The guidance we received from the team was crucial in
raising later rounds led by Mithril and then JMI.”
a fundraising platform for non-profits and social enterprises, recently raised $35m led by JMI capital. CEO Scot
Chisholmsaid, “Doing my Bullpen Round prior to my Series A really turbo
charged our growth. The guidance we received from the team was crucial in
raising later rounds led by Mithril and then JMI.”
· FanDuel recently merged with Draft Kings enabling the fantasy sports
technology companies to give greater investment in product innovation,
high-quality customer experience and create a more accelerated path to
profitability.
technology companies to give greater investment in product innovation,
high-quality customer experience and create a more accelerated path to
profitability.
· Circulate, a
data supply side platform, was acquired last month by Axciom, combining them with the
strength of LiveRamp and Arbor to enable brands to expand people-based
marketing beyond leading media platforms and allow publishers to better support
people-based marketing initiatives.
data supply side platform, was acquired last month by Axciom, combining them with the
strength of LiveRamp and Arbor to enable brands to expand people-based
marketing beyond leading media platforms and allow publishers to better support
people-based marketing initiatives.
“Post-Seed financing is not
some fad – it’s a permanent change in the venture ecosystem, and the opportunity
is even bigger than we realized,” continues Paul Martino, General
Partner at Bullpen Capital. “With over $75m million in
additional firepower, Bullpen will strengthen its leadership position in Post
Seed.”
some fad – it’s a permanent change in the venture ecosystem, and the opportunity
is even bigger than we realized,” continues Paul Martino, General
Partner at Bullpen Capital. “With over $75m million in
additional firepower, Bullpen will strengthen its leadership position in Post
Seed.”
