Recent Funding
Investors
Bullpen Capital

Bullpen Capital portfolio

Bullpen Capital has 15 portfolio companies on record at Recent Funding, with 3 investments in the last 12 months.

Website: bullpencap.com.

Type: Venture capital.

Portfolio on Recent Funding: 15.

Deals, last 12 months: 3.

Rounds led: 2 of 14.

Capital in their rounds: $237.1M.

Latest deal: Topdog · Sep 23, 2026.

About this page

It is a venture capital firm based in San Francisco, US, founded in 2010. It led 2 of the 14 rounds it joined. Its most recent investment on record is Topdog's $2.5M Seed round in September 2026, alongside Dustin Gouker, Nigel Eccles, Boston Seed Capital and 5 others. By category, its portfolio leans toward Consumer and social (5) and Gaming (3). It has co-invested with Las Olas Venture Capital, StepStone Group and Gaingels, most often Las Olas Venture Capital (4 rounds).

About Bullpen Capital

Firm type: Venture capital.

Headquarters: San Francisco, US.

Founded: 2010.

Stages: Seed, Series A.

Sectors: Consumer, Digital Health, Energy, Enterprise Software, Fintech, Gaming, IoT, SaaS, Sector Agnostic, Sports Tech.

Check size: $2M to $4M.

Leads rounds: No.

Portfolio companies: 116.

Exits: 23.

Rounds led: 27.

Funds raised

Fund	Fund #	Size	Announced
BBullpen Capital Bay Area	V	$130Mvia Shai Goldman's fund list	Oct 1, 2020
BBullpen Capital Bay Area	III	$75Mvia Shai Goldman's fund list	Dec 2, 2016
BBullpen Bay Area	III	Not shown	Jun 2012

What Bullpen Capital invests in

Consumer and social · 5 · 33%
Gaming · 3 · 20%
Commerce and retail · 3 · 20%
Prediction markets · 2 · 13%
Logistics and mobility · 2 · 13%
Health and bio · 2 · 13%
Media and content · 2 · 13%
HR and recruiting · 1 · 7%

Bullpen Capital recent investments

Company	Round	Date	Alongside
TTopdog	Seed · $2.5M	Sep 23, 2026	Dustin Gouker, Nigel Eccles, Boston Seed Capital (lead) +5
EEDGE Markets	Series A · $29.2M	Jun 8, 2026	Mantis VC, CoinFund (lead), StepStone Group +1
SSpeedLabs	Seed · $6.5M	Jun 1, 2026	Parlay Capital, Edge Equity, TA ventures
JJolly	Series A · $16.5M	Mar 26, 2025	Dorm Room Fund, Steven Luczo, Acadian Ventures +6
EEDGE Markets	Seed · $17.2M · lead	Mar 25, 2025	Impulsum Ventures, Mantis VC, StepStone Group +2
OOneRail	Series B+ · $42M	Dec 4, 2024	Chicago Ventures, Arsenal Growth Equity, eGateway Capital +6
OOneRail	Series B+ · $33M	Nov 30, 2022	Ironspring Ventures, Arsenal Growth Equity (lead), Trimble Ventures +6
DDraftea	Series A · $20M	Sep 4, 2022	Courtside Ventures, Kaszek, Sequoia +1

How Bullpen Capital invests

Stage	Deals	Capital in rounds
Series A	5 36%	$94.7M
Seed	5 36%	$46.4M
Series B+	4 29%	$96M

Year	Deals	Capital in rounds
2018	1 7%	$16M
2019	2 14%	$25M
2021	2 14%	$16M
2022	3 21%	$66.2M
2024	1 7%	$42M
2025	2 14%	$33.7M
2026	3 21%	$38.2M

Bullpen Capital portfolio companies

TTopdog$2.5MSeed · Sep 2026
EEDGE Markets$29.2MSeries A · Jun 2026
SSpeedLabs$6.5MSeed · Jun 2026
JJolly$16.5MSeries A · Mar 2025
OOneRail$42MSeries B+ · Dec 2024
DDraftea$20MSeries A · Sep 2022
AAvantStay$20MSeries A · Sep 2019
JJackpocket$5MSeries B+ · May 2019
OOctaneAIbacker
FFakespotbacker
SSendHubbacker
PPlateJoybacker
MMerchbarbacker
IIpsybacker
GGameflipbacker

Company	Round with Bullpen Capital	Total raised	Latest raise
TTopdog Gaming	Sep 23, 2026 Seed · $2.5M	$2.5M	Sep 23, 2026 Seed
EEDGE Markets Prediction markets	Jun 8, 2026 Series A · $29.2M	$46.4M	Jun 8, 2026 Series A
SSpeedLabs Prediction markets	Jun 1, 2026 Seed · $6.5M	$6.5M	Jun 1, 2026 Seed
JJolly HR and recruiting	Mar 26, 2025 Series A · $16.5M	$16.5M	Mar 26, 2025 Series A
OOneRail Logistics and mobility	Dec 4, 2024 Series B+ · $42M	$97M	Dec 4, 2024 Series B+
DDraftea	Sep 4, 2022 Series A · $20M	$37.2M	Sep 4, 2022 Series A
AAvantStay Health and bio	Sep 1, 2019 Series A · $20M	$185M	Jul 13, 2026 Series B+
JJackpocket Gaming	May 23, 2019 Series B+ · $5M	$193M	Dec 21, 2021 Series B+
OOctaneAI	backer	undisclosed	—
FFakespot Cybersecurity	backer	undisclosed	—
SSendHub Sales and marketing	backer	undisclosed	—
PPlateJoy Health and bio	backer	undisclosed	—
MMerchbar Commerce and retail	backer	undisclosed	—
IIpsy Crypto social and consumer	backer	undisclosed	—
GGameflip Commerce and retail	backer	undisclosed	Sep 17, 2025 Series A

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Consumer and social).

How this is counted

Firm profile: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Venture funds Bullpen Capital raised, from the list of new VC funds compiled by Shai Goldman (Brex). Each size links to the article that states it, or to that list where no article was found. All new funds: new VC funds.

Share is of the 14 rounds on Recent Funding that name Bullpen Capital. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Bullpen Capital, which is a subset of its real portfolio. API: /api/v1/investors/bullpen-capital (get a free API key). More: the most active VC firms and new venture capital funds.