DURHAM, N.C.--(BUSINESS WIRE)--
Bull City Venture Partners, a Durham, N.C.-based venture capital fund
today announced it has closed its oversubscribed Bull City Venture
Partners Fund III, L.P., with approximately $26 million in capital
commitments. Limited partners include Blue Cross and Blue Shield of
North Carolina, Capitol Broadcasting Company, Cisco, venture capitalist
Brad Feld, Grosvenor Capital Management, Industry Ventures and Red Hat.
Bull City Venture Partners is focused on investments in early, seed, and
growth stage companies. The firm typically invests in software, health
information technology, mobile, internet, e-commerce, and digital media
companies. It seeks to partner with the very best entrepreneurs to solve
large problems. The fund's two principals have a long history working
with success stories that include ArtusLabs (acquired by PerkinElmer
NYSE:PKI), ChannelAdvisor (NYSE:ECOM), and WeddingWire.
"Jason Caplain and I are pleased to have a new fund in which to invest
and we appreciate the trust our limited partners have placed in us as
stewards of their capital," said David Jones, co-founder and general
partner, Bull City Venture Partners. "We are looking forward to finding
and working with more great entrepreneurs in the years ahead."
"Cisco has a tradition of cultivating innovation in North Carolina. BCVP
is one of the top funds providing strong access and visibility to
leading entrepreneurs, talent and deal opportunities in technology in
our region. We are excited to be a part of the BCVP Fund III and look
forward to supporting the local start-up and entrepreneurial community
as part of this effort," said Cisco vice president of US Sales and
member of Cisco RTP's Executive Advisory Board, Bill McCarthy.
"Red Hat is a company born and bred in North Carolina. We've experienced
tremendous success here and have found the area to be rich with talent,"
said DeLisa Alexander, executive vice president and chief people
officer, Red Hat. "We feel a keen responsibility to foster innovation in
this region and to help entrepreneurs have an opportunity to bring
compelling new products and technologies to market. We are thrilled to
be partners with Bull City Venture Partners in this effort."
About Bull City Venture Partners
Based in Durham, N.C., Bull City Venture Partners is a venture capital
firm focused on partnering with the best technology entrepreneurs to
create market-leading companies. Learn more at http://www.bcvp.com.
Red Hat is a trademark of Red Hat, Inc. in the U.S. and other
Source: Bull City Venture Partners