Burst Capital
UnclaimedAt a Glance
- Check Size
- $100K – $2M
- Stage
- Pre-Seed, Seed, Series A, Series B+
- Sectors
- Consumer, Marketplace, Fintech
- Founded
- 2018
- HQ
- San Francisco, CA
About Burst Capital
Burst Capital is an early-stage venture capital firm investing in marketplace, SaaS and related internet businesses, founded by former executives of Yelp and eBay. It writes pre-seed and seed checks and follows into Series A and later rounds, with stated sector coverage spanning consumer, fintech, climate, aerospace and defense, and adjacent categories.
The firm's positioning is operator-first and narrow by design. Rather than claiming coverage of every technology category, Burst concentrates on the two-sided marketplace and software business models its founding team ran at scale, and markets itself as helpful capital in those specific mechanics: supply acquisition, liquidity, sales efficiency and the point at which a marketplace has to build software rather than more supply. That focus is consistent with how the firm sizes its funds.
SEC filings trace three vehicles. Burst Capital, L.P. was formed in 2018 and filed a $35 million offering from Palo Alto, with Geoff Donaker named as its executive officer. Burst Capital Fund II, LP filed a $50 million offering from Menlo Park in September 2021. Burst Capital Fund III, LP filed a $75 million offering from San Francisco in January 2026. The escalation from $35 million to $75 million across eight years keeps the firm in the concentrated seed bracket, where a single fund can lead a round and still own a meaningful stake, rather than in the multi-stage platform category. What distinguishes Burst is that discipline: a small fund, a defined business model remit, and partners whose credibility with management teams comes from having operated rather than underwritten.
Investment Thesis
“Invests in early-stage companies across consumer, fintech, climate, and aerospace sectors, focusing on disruptive technologies and business models.”
Sector Focus
Investment Stage
Fund History
- Burst Capital has raised three funds on a roughly three-year cadence, each larger than the last, and each registered in a different Bay Area city as the firm moved.
- Burst Capital, L.P. was formed in Delaware in 2018 and filed a $35 million Reg D offering that September from a Palo Alto address, with Geoff Donaker and Burst Capital GP, L.L.C. named as related persons.
- Burst Capital Fund II, LP filed a $50 million offering in September 2021 from Menlo Park, again with Donaker named.
- Burst Capital Fund III, LP filed a $75 million offering in January 2026 from San Francisco, with Burst Capital GP Fund III, LLC as general partner.
- Each filing was made at launch, before first sales, so the notices show target size rather than final closes.
- That $35 million to $75 million range places Burst firmly in the small-fund, high-ownership seed bracket rather than the multi-stage category its stage tags suggest.
- The firm invests in marketplace, SaaS and related internet businesses, and describes its own value as being helpful investors in those categories specifically.
SEC Fund Filings
- Vehicles filed, last 24 months
- 1
- Latest filing
Burst Capital filed a Form D for 1 fund vehicle between Sep 30, 2024 and Sep 29, 2026.
| Fund vehicle | Source |
|---|---|
| Burst Capital Fund Ill, LP | SEC Form D, filed |
A Form D is the notice a fund files with the SEC when it raises money in a private offering. Feeder funds, parallel funds and SPVs each file their own, so the count measures filing activity, not the number of flagship funds.
Source: SEC EDGAR Form D filings for pooled investment funds, original filings only (amendments excluded). Our filing data starts Jul 1, 2024. Vehicles are matched to Burst Capital by fund name and checked against the sponsor address and named principals on each filing; offering amounts are not shown. Each “SEC Form D” link opens an EDGAR full-text search for that vehicle’s exact name, where the filing itself is listed. See every new fund filing on the Form D Radar.
Team (2)
Frequently Asked Questions
What stage does Burst Capital invest at?
Burst Capital primarily invests at the Pre-Seed, Seed, Series A, Series B+ stages. This means they focus on companies that are at the earliest idea or prototype phase.
Where is Burst Capital located?
Burst Capital is headquartered in San Francisco, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Burst Capital focus on?
Burst Capital focuses on investments in Consumer, Marketplace, Fintech. Their portfolio reflects deep expertise and networks within these sectors.
What is Burst Capital's typical check size?
Burst Capital's typical investment check size ranges from $100K to $2M. Actual amounts may vary based on the stage, sector, and specific opportunity.
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