Bullpen raises $83.6 mln for third fund

Bullpen Capital has raised additional capital for its third fund, bringing total commitments to $83.6 million, according to a filing with the SEC.

The firm in December had announced the oversubscribed fund raised $75 million. The fund is a substantial step up from the Bullpen’s $31 million second fund from 2013 and allows the firm to put more money to work in its post-seed deals.

The fund has drawn first-time backers Venture Investment Associates and Oberlin College, along with return investor Greenspring Associates.

The filing can be found here.

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