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Venture Capital
bullpencap.com

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Investments

152

Portfolio Exits

26

Funds

11

Service Providers

2

About Bullpen Capital

Bullpen Capital is an early-stage, post-seed venture fund investing in technology companies that have been funded by super-angels and institutional seed funds.

Bullpen Capital Headquarter Location

215 2nd Street Floor 3

San Francisco, California, 94105,

United States

650-530-0413

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Research containing Bullpen Capital

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CB Insights Intelligence Analysts have mentioned Bullpen Capital in 1 CB Insights research brief, most recently on Sep 11, 2019.

Latest Bullpen Capital News

13:40 EDT FANIMAL DRAWS $4M IN LATEST FUNDING ROUND LED BY BULLPEN CAPITAL

May 24, 2022

News provided by Share this article Innovative Live Events Platform Offers Game-Changing Exclusive "Group Purchase" Ticketing Technology SANTA MONICA, Calif., May 24, 2022 /PRNewswire/ -- Social group ticketing platform Fanimal continues to break ground in the ticketing space as the company announces today an acquisition of $4M in its latest round of funding. Led by Bullpen Capital with early investments from Burst Capital and Pear VC, the Los Angeles-based startup Fanimal launched in 2019 to make ticket buying a more social and risk-averse experience. Jonny Halprin, Fanimal CEO and Co-Founder Fanimal makes buying tickets a multi-player game. "Nobody goes to live events alone, but the only way to buy tickets is alone. We've changed that. Our group purchase technology has made buying tickets part of the social experience, less about the transaction and more about who you're going with," says Jonny Halprin, Fanimal CEO and co-founder. On the Fanimal platform, there is no longer the need for one person to bear the financial burden of buying a bunch of tickets up front. Fanimal uses a patented group purchase ticketing technology, allowing fans to create a group with a specified minimum size for a concert, with each individual member of the group paying for their ticket once that minimum is met (additional members can be added thereafter). "Fanimal approaches event ticket purchasing from a fundamentally differentiated framework," Ann Lai, general partner at Bullpen Capital explains. "These days, we go to events craving in-person social experiences. Fanimal has proven that people do not want to buy alone, and these purchasing groups naturally evolve into the foundations for ephemeral, event-based social interactions, from chatting about the event, to organizing logistics, exchanging playlists, sharing photos, etc. "  Fanimal further enriches the user experience for fans with a number of features that go beyond the transactional aspect of buying a ticket – most notably, a messaging product that allows group members to not only coordinate logistics surrounding the event itself, but also send each other GIFs and discuss all the other details of their unforgettable experience. Fanimal's price transparency and unique group purchase model has fueled explosive growth of adoption among fans, as the platform's user base grew by an order of magnitude in 2021. The company launched in January of 2020, endured the industry-cancelling pandemic, and since inception, has raised a total of $6M in venture capital funding. "This new capital injection will allow us to accelerate our product development. Before long, the group buying experience will be much more powerful because it will be taking place in a mobile app," says Halprin. Fanimal is also expected to launch a set of event organizer tools allowing venues and promoters to directly benefit from group purchase technology through primary ticketing services. First-time "fanimals" can visit www.Fanimal.com to sign up for an immediate $20 credit towards a ticket purchase. About FANIMAL Founded in 2019, FANIMAL enables extraordinary experiences for groups attending live events through an online ticketing platform. With zero hidden service fees, FANIMAL provides fans experiences at the lowest price possible while providing an exclusive social group purchasing function to make planning with friends easy. The technology startup was built out of the Pear VC accelerator program, and in three short years, has drawn in a total of $6M including Bullpen Capital, Burst Capital and Pear VC. SOURCE Fanimal Inc.

Bullpen Capital Investments

152 Investments

Bullpen Capital has made 152 investments. Their latest investment was in Fanimal as part of their Seed VC on May 5, 2022.

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Bullpen Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/25/2022

Seed VC

Fanimal

$4M

Yes

1

5/17/2022

Seed VC

EDGE Markets

$3.94M

Yes

1

2/22/2022

Series B

Fama Technologies

$10M

Yes

1

2/15/2022

Series D

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$99M

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10

1/26/2022

Series A

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$99M

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10

Date

5/25/2022

5/17/2022

2/22/2022

2/15/2022

1/26/2022

Round

Seed VC

Seed VC

Series B

Series D

Series A

Company

Fanimal

EDGE Markets

Fama Technologies

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Amount

$4M

$3.94M

$10M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

Bullpen Capital Portfolio Exits

26 Portfolio Exits

Bullpen Capital has 26 portfolio exits. Their latest portfolio exit was Grove Collaborative on June 17, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/17/2022

Reverse Merger

$99M

4

1/14/2022

Acquired

$99M

1

1/13/2022

Acquired

$99M

6

11/17/2021

IPO

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$99M

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10

10/18/2021

Acquired

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$99M

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10

Date

6/17/2022

1/14/2022

1/13/2022

11/17/2021

10/18/2021

Exit

Reverse Merger

Acquired

Acquired

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

1

6

10

10

Bullpen Capital Fund History

11 Fund Histories

Bullpen Capital has 11 funds, including Bullpen Capital V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/1/2020

Bullpen Capital V

$130M

5

6/28/2018

Bullpen Capital IV

Early-Stage Venture Capital

Closed

$140M

3

5/16/2017

Bullpen Capital III

Early-Stage Venture Capital

Closed

$83.6M

5

8/17/2015

Bullpen DDE

$99M

10

8/15/2014

Bullpen Enspire

$99M

10

Closing Date

10/1/2020

6/28/2018

5/16/2017

8/17/2015

8/15/2014

Fund

Bullpen Capital V

Bullpen Capital IV

Bullpen Capital III

Bullpen DDE

Bullpen Enspire

Fund Type

Early-Stage Venture Capital

Early-Stage Venture Capital

Status

Closed

Closed

Amount

$130M

$140M

$83.6M

$99M

$99M

Sources

5

3

5

10

10

Bullpen Capital Service Providers

2 Service Providers

Bullpen Capital has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

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Service Provider

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Associated Rounds

Provider Type

Counsel

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Service Type

General Counsel

Partnership data by VentureSource

Bullpen Capital Team

6 Team Members

Bullpen Capital has 6 team members, including current Founding Partner, Duncan Davidson.

Name

Work History

Title

Status

Paul Martino

Founder

Current

Duncan Davidson

VantagePoint Capital Partners, SkyPilot Networks, Intertrust Technologies, McKenna Group, Apple, MAC Group, and Cambridge Venture Partners

Founding Partner

Current

Richard W. Melmon

Managing Partner

Current

Ann Lai

General Partner

Current

Eric D. Wiesen

General Partner

Current

Name

Paul Martino

Duncan Davidson

Richard W. Melmon

Ann Lai

Eric D. Wiesen

Work History

VantagePoint Capital Partners, SkyPilot Networks, Intertrust Technologies, McKenna Group, Apple, MAC Group, and Cambridge Venture Partners

Title

Founder

Founding Partner

Managing Partner

General Partner

General Partner

Status

Current

Current

Current

Current

Current

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