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Venture Capital
burst.llc

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Investments

28

Portfolio Exits

1

Funds

1

About Burst Capital

Burst Capital is a venture capital firm focused on making minority investments in software and service companies.

Burst Capital Headquarter Location

300 Hamilton Avenue #400

Palo Alto, California, 94301,

United States

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Latest Burst Capital News

Parachute : Announces Appointment of New Board Member

Sep 9, 2021

09/09/2021 | 09:16am EDT Message :   Parachute, the premium multi-category lifestyle brand that makes you feel at home, today announced the addition of Rob Krolik, General Partner and Chief Financial Officer (CFO) at Burst Capital and chair of the Audit Committee for The RealReal, to its Board of Directors. His appointment is effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210909005290/en/ Parachute has appointed Rob Krolik to its Board of Directors (Photo: Business Wire) “We are thrilled to welcome Rob to the Parachute Board,” said Ariel Kaye, founder and CEO of Parachute. “His appointment comes at a pivotal moment, as our company continues to evolve and grow, offering high-quality products, rooted in comfort, for more areas of the home and as we expand our physical retail footprint. Parachute and our board will benefit from Rob’s strong corporate governance and financial leadership experience in ecommerce and digital businesses, and his proven track record in working with some of the largest digital brands.” Mr. Krolik has deep financial knowledge in the ecommerce and digital business space, having previously held CFO roles at Yelp, the company that connects people with great local businesses, global digital marketplace eBay, online real estate leader Move.com and price comparison service Shopping.com. Along with his current positions at Burst Capital and The RealReal, Mr. Krolik is also a member of the Finance Committee of BBYO, a nonprofit, as well as a Finance Fellow at the Aspen Institute, where he instructs a self-designed course that offers practical advice for CFOs. Mr. Krolik began working in finance three decades ago, after earning a Bachelor of Business Administration in Finance from the University of Texas at Austin. “Parachute is changing the way people shop for their homes and making it possible for every person to enjoy timeless, comfortable design,” said Mr. Krolik. “The company has an impressive track record of prioritizing superior quality, sustainability and a strong feeling of community. I look forward to joining the Board and working closely with the team at this exciting time.” About Parachute Parachute is a modern lifestyle brand that makes people feel at home. The multi-category home company offers products that are thoughtfully designed in Los Angeles and responsibly manufactured by expert craftspeople around the globe, using only premium quality materials. Every essential in the collection is inspired by comfort and relaxation. Parachute was founded in 2014, offering a carefully curated assortment of bedding. The brand has since released its own mattress and expanded into categories throughout the home, including bath, apparel, décor and furniture. Parachute operates 12 retail storefronts across the U.S. and recently launched in Canada. All products are available online at www.parachutehome.com . View source version on businesswire.com: https://www.businesswire.com/news/home/20210909005290/en/ © Business Wire 2021

Burst Capital Investments

28 Investments

Burst Capital has made 28 investments. Their latest investment was in Fanimal as part of their Seed VC on May 5, 2022.

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Burst Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/25/2022

Seed VC

Fanimal

$4M

Yes

1

3/22/2022

Seed VC

Gated

$3.3M

Yes

2

10/12/2021

Series A

ResQ

$39M

Yes

5

7/23/2021

Series A

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$99M

Subscribe to see more

10

7/8/2021

Series C

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$99M

Subscribe to see more

10

Date

5/25/2022

3/22/2022

10/12/2021

7/23/2021

7/8/2021

Round

Seed VC

Seed VC

Series A

Series A

Series C

Company

Fanimal

Gated

ResQ

Subscribe to see more

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Amount

$4M

$3.3M

$39M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

2

5

10

10

Burst Capital Portfolio Exits

1 Portfolio Exit

Burst Capital has 1 portfolio exit. Their latest portfolio exit was Gabi on November 19, 2021.

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

11/19/2021

Acquired

$99M

3

Date

11/19/2021

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

3

Burst Capital Fund History

1 Fund History

Burst Capital has 1 fund, including Burst Capital.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Burst Capital

Early-Stage Venture Capital

Open

1

Closing Date

Fund

Burst Capital

Fund Type

Early-Stage Venture Capital

Status

Open

Amount

Sources

1

Burst Capital Team

2 Team Members

Burst Capital has 2 team members, including current Founder, General Partner, Geoff Donaker.

Name

Work History

Title

Status

Geoff Donaker

Yelp, eBay, Voter.com, and Excite@Home

Founder, General Partner

Current

Rob Krolik

Yelp, Move, and eBay

Chief Financial Officer

Current

Name

Geoff Donaker

Rob Krolik

Work History

Yelp, eBay, Voter.com, and Excite@Home

Yelp, Move, and eBay

Title

Founder, General Partner

Chief Financial Officer

Status

Current

Current

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