Bullpen Capital launches Venture Capital Fund focused on Second Round Financings

Bullpen Capital launched a new venture capital fund focused on second round financings.
Founded by technology industry veterans Paul Martino, Duncan Davidson, and Richard Melmon, the Menlo Park, CA-based fund makes follow-on investments in capital-efficient technology companies that have been initially funded by angel funds.
Bullpen, which recently announced its first lead investment in San Francisco-based Assistly, is targeting to raise $50m in two phases. The initial capital is being provided by Internet investors including Brian O’Kelley, CEO of AppNexus and early investor in Invite Media.


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