Bullpen Management, LLC
Bullpen is a venture capital fund that invests post-seed capital into early stage companies.
In the firm's own words, from its website.
7 additional team members, 37 additional co-investors and affiliates, 110 additional investments, funds and LPs, 26 events, 2 verified contacts (1 general firm email, 1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 2 companiesportfolio raising
2 portfolio companies have new financing on record in 6 months without this firm named on the round; the latest on 16 Jul 2026 ($650M round).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
People to know
View all people- PrincipalWhy: Principal on the deal teamNo route on file yet
- Managing MemberWhy: Named with investment responsibilityNo route on file yet
- Managing MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
166 connected entities11 observed rounds3 repeat counterparties1 dated round shown here, 2024
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Bullpen Management, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Bullpen Management, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
93 companies on record, 0 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| About.me | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| Airmap | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| ALL3D, Inc. | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- enterprise software, consumer, energy, robotics, space, industrial, gaming, media
- Stages
- early
- Geography
- united states
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Team
11 current, 2 departed
Decision makers
- Alex Loomes · PrincipalWhy this person: Principal on the deal team; Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Member · 5 deals attributed
- Managing Member · 3 deals attributed
- Principal
2 departed (kept with end dates)
- Duncan Mowbray Davidson · Managing Member · Dec 1, 2010 to Mar 5, 2021 Inference
- Richard Wolf Melmon · Managing Member · Dec 1, 2010 to Mar 29, 2018 Inference
Contacts
1 general firm email, 1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
20 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Bullpen Capital VI, LP | Fund | 2023 adv first reported | Active deployment | $110M Mar 25, 2026 | 48 | $0 of $150M | Jun 28, 2022 |
| Bullpen Capital Vi-A, LP | Feeder or parallel | 2023 adv first reported | Active deployment | $1.1M Mar 25, 2026 | 6 | $0 of $2.0M | Nov 3, 2022 |
| Bullpen Havenly I Spv LLC | SPV or co-invest vehicle | 2023 adv first reported | Active deployment | $1.1M Mar 25, 2026 | 10 | unknown | unknown |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| The Frederick a Deluca Foundation Inc | FOUNDATION | Bullpen Capital V, L.P. | $3.4M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
86 co-investors · on 2 other DFX graphs
Co-investors
- 2026-10-013 shared deals · recurring
- 2026-10-013 shared deals · recurring
- 2026-10-013 shared deals · recurring
Across DFX and the capital chainon 2 other DFX graphs · 1 capital path ShowHide
- The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Bullpen Management, LLC is the same institution as 2 records in Allocators and RIA and Wealth.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Bullpen Management, LLC sits on 1 traced path of capital across the graphs.
DFX traced 1 path of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
31 dated events, 76 observations from 4 sources
Timeline
- Mar 25, 2026Bullpen Capital VI, L.P. - Njief, LLC first reported on Form ADV by Bullpen Management, LLC (Venture Capital Fund), GAV $5,453,911
- Mar 27, 2024Bullpen Playoff Fund 2021 no longer reported on Form ADV by Bullpen Management, LLC
- Mar 28, 2023Bullpen Havenly I Spv LLC first reported on Form ADV by Bullpen Management, LLC (Venture Capital Fund), GAV $1,050,440
- Mar 28, 2023Bullpen Capital Vi-A, LP first reported on Form ADV by Bullpen Management, LLC (Venture Capital Fund), GAV $1,279,900
- Mar 28, 2023Bullpen Capital VI, LP first reported on Form ADV by Bullpen Management, LLC (Venture Capital Fund), GAV $138,518,651
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 25, 2026 · 20 private fundsShowHide
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- BULLPENCAP.COM
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 25, 2026
- Private funds reported
- 20 (20 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $754Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $754M across 20 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $770M across 18 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 25, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 25, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 27, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 25, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 25, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 27, 2024 | Fact | Form ADV |
| First Form ADV filing | 2016-11-03 | Mar 25, 2026 | Fact | Form ADV |
| First Form ADV filing | 2016-11-03 | Mar 27, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-25 | Mar 25, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-25 | Mar 25, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-27 | Mar 27, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 25, 2026 | Fact | Form ADV |
| SEC status effective | 2016-11-03 | Mar 25, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 25, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 27, 2024 | Fact | Form ADV |
| Business phone | Mar 25, 2026 | Fact | Form ADV | |
| Business phone | Mar 27, 2024 | Fact | Form ADV | |
| Contact page url | Oct 1, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Oct 1, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 13, 2026 | Fact | ||
| Headquarters | San Francisco, CA | Mar 25, 2026 | Fact | Form ADV |
| Headquarters | San Francisco, CA | Mar 27, 2024 | Fact | Form ADV |
| Office address | Mar 25, 2026 | Fact | Form ADV | |
| Office address | Mar 27, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Oct 1, 2026 | Fact | |
| Self-described type | Venture capital | Sep 16, 2026 | Fact | |
| Self-described type | Venture capital | Sep 13, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 25, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 27, 2024 | Fact | Form ADV |
| Portfolio page | Oct 1, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 13, 2026 | Fact | ||
| Private funds reported | 20 | Mar 25, 2026 | Fact | Form ADV |
| Private funds reported | 20 | Mar 25, 2026 | Fact | Form ADV |
| Private funds reported | 19 | Mar 27, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $754M | Mar 25, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $754M | Mar 25, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $785M | Mar 27, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 23, 2026 | Fact | Form ADV |
| Stated geography | united states “geography words on the home page” | Oct 1, 2026 | Fact | |
| Stated geography | united states “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | united states “geography words on the home page” | Sep 13, 2026 | Fact | |
| Stated sectors | Enterprise software, consumer, energy, robotics, space, industrial, gaming, media “sector words on the home page” | Oct 1, 2026 | Fact | |
| Stated sectors | Enterprise software, consumer, energy, robotics, space, industrial, gaming, media “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | Enterprise software, consumer, energy, robotics, space, industrial, gaming, media “sector words on the home page” | Sep 13, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Oct 1, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Sep 13, 2026 | Fact | |
| Team page | Oct 1, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 13, 2026 | Fact | ||
| Venture funds reported | 20 | Mar 25, 2026 | Fact | Form ADV |
| Venture funds reported | 20 | Mar 25, 2026 | Fact | Form ADV |
| Venture funds reported | 19 | Mar 27, 2024 | Fact | Form ADV |
| Website | Mar 27, 2024 | Fact | Form ADV | |
| Site title | Oct 1, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 13, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShowHide
Venture manager, reported GAV $754M across 20 vehicles
- importance
- gav: 0.57 · funds: 1 · people: 0.28 · investments: 0.75 · co investors: 0.78
- active deployment
- investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-07-13
- emerging manager
- fund count: 23 · reported gav: $754M · first adv filing: 2016-11-03 · years since first filing: 9.9
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 19.3confidence 80%Why: activity; cap table
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
- Adviser's first ADV filing2016-11-03source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.