Durham-based Bull City Venture Partners closes oversubscribed new fund at $53 million

WRAL TechWire reports that Durham-based Bull City Venture Partners has closed Bull City Venture Partners Fund IV L.P., an oversubscribed $53 million fund.

The firm focuses its investments on seed and early stage companies in the Southeast and Mid-Atlantic. With the new funding and five exits in the past eight months, Bull City will be able to double-down on its existing strategy.  At $53 million, Fund IV is more than twice as much as the firm raised in its third fund, $26 million and brings the assets under its management to more than $100 million.

One of Bull City’s active portfolio companies is Get Spiffy, the fast-growing Research Triangle region start-up that acquired Pit Crew last September. The latter company was co-founded by several former University of Tennessee, Knoxville students as we detailed in this March 2019 article.

Stay connected with us on Twitter and LinkedIn. Article ideas and other suggestions should be sent to Include the name and contact information (phone and email) for follow-up.