Bullpen Capital specializes in "post-seed" investments, focusing on companies that have achieved product-market fit but require additional capital, coaching, and time to secure a larger Series A round. Their strategy involves backing overlooked startups in sectors like Consumer and Enterprise to help them achieve significant milestones and minimize founder dilution.
Deal activity increased 100% year-over-year (2 deals in the last 12 months). Their most common stage is series-a (52% of deals). Average disclosed round size is $22.2M (across 30 rounds with reported amounts).
Portfolio
31
Fund Size
$300M
Top Stage
Series A
Last 12 Mo
2
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
31 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Seneca | Series A | $60M | Oct 2025 |
 Jolly | Series A | $16.5M | Mar 2025 |
 ALLCITY Network | Series B | — | Aug 2024 |
 Hype | Series A | $10M | Apr 2023 |
 Fanimal | Seed | $4M | May 2022 |
 Atrium | Series A | $20M | Jan 2022 |
| RRei do Pitaco (RDP) | Series A | $32M | Jan 2022 |
 AvantStay | Series B | $160M | Dec 2021 |
 Ocrolus | Series C | $80M | Sep 2021 |
 Hologram | Series B | $65M | Aug 2021 |
 RippleMatch | Series B | $23.5M | Apr 2021 |
| Atrium | Seed | $13.5M | Apr 2021 |
 Windfall Data | Series A | $21M | Mar 2021 |
| NNanome | Seed | $3M | Feb 2021 |
 GRIN | Series A | $10M | Dec 2020 |
 Octane AI | Seed | $4.3M | Aug 2020 |
 Fitplan | Seed | $4.5M | Sep 2019 |
| RippleMatch | Series A | $6M | Sep 2019 |
| Windfall Data | Series A | $9M | Aug 2019 |
| WWheels | Series B | $37M | Jan 2019 |
| SSaucey | Series A | $5.4M | Jul 2017 |
 Carbon Health | Seed | $6.5M | Mar 2017 |
 Suiteness | Series A | $5M | Dec 2016 |
 AirMap | Series A | $15M | Apr 2016 |
 HomeLight | Seed | $3M | Feb 2015 |
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Last updated: 8 March 2026