DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Burst Capital Management, LLC
Burst Capital Management, LLC
Institutional venture firmSan Francisco, CAburst.llcSEC venture capital fund adviseremerging manager
Helpful investors in marketplace, SaaS and related Internet businesses. Founded by former execs from Yelp & eBay.
venture manager, reported GAV $52M across 2 vehicles
Importance
15
moderate
Active deployment
8
low
Emerging
77
high
Completeness
56
elevated
Freshness
100
high
Research priority
24
moderate
Identity and regulatory footprint
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- 2261 MARKET STREET, #5271, San Francisco, CA, 94114adviserinfo.sec.gov
- Business phone
- 415-265-5740adviserinfo.sec.gov
- Website
- https://burst.vc/
- 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 23, 2026
- Private funds reported
- 2 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $68.9Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 415-265-5740adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
2 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Observed (from deals on record)
Stage at participation
series a 100%
Stage at first entry
series a 100%
Sectors
unknown 100%
lead rate 0%follow-on rate 0%new logos, 12 months 2
Funds and vehicles
2 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Burst Capital, L.P. | Fund | unknown | Unknown | $40.5M Oct 29, 2024 | 59 | $0 of $35.0M | Sep 28, 2018 |
| Burst Capital Fund II, LP | Fund | unknown | Unknown | $11.6M Oct 29, 2024 | 62 | $0 of $50.0M | Sep 30, 2021 |
GAV 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.
Investment team
6 current, 0 departed
Michael Stoppelman
Board or advisoryAdvisor
Geoff Donaker
General partnerGeneral Partner
Rob Krolik
General partnerGeneral Partner
Wendy Linda Lim
General partnerGeneral Partner · since Oct 1, 2021
Geoffrey Lawrence Donaker
PartnerManaging Director · since Aug 1, 2018
Robert Jay Krolik
Platform and operationsChief Financial Officer · since Aug 1, 2018
Investments on record
2 edges, 2 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Hostie | Series A · Series A | participant | unknown | $12.0M | unknown | Jul 8, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| Woz | Funding round | participant | unknown | $6.0M | unknown | Oct 15, 2025 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
“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.
Co-investors
7 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
3 dated events
- Oct 29, 2024Burst Capital Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 29, 2024Burst Capital Fund II, LP first reported on Form ADV by Burst Capital Management, LLC (Venture Capital Fund), GAV $11,552,761Fund first reported on Form ADVFundsFactBurst Capital Fund II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 29, 2024Burst Capital, L.P. first reported on Form ADV by Burst Capital Management, LLC (Venture Capital Fund), GAV $40,460,313Fund first reported on Form ADVFundsFactBurst Capital, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $52M across 2 vehicles
Evidence
42 observations from 3 sources