Bull City Venture Partners raises $53M fund. Here's where the cash is going.

Durham venture capital firm Bull City Venture Partners has closed on an oversubscribed fourth fund — this time securing $53 million in capital commitments. The firm, which made the announcement on May 5, focuses on seed and early-stage companies, primarily in the Southeast. In an interview, co-founder Jason Caplain said raising a fund in a Covid-19 world was tricky and involved a combination of masked pitches and Zoom calls. He credits the firm’s recent successes with selling the value proposition…