Our firm operates on five core beliefs:
1. Founders build great companies, not the VCs. But we want to play a supporting role. We do that through introductions to customers, partners, potential acquirers, new potential employees and we get super active securing the next round of funding.
2. High partner-to-company ratios. Each fund is limited to 10-15 companies, which is less than many VC funds. We want to shower our companies with attention. Limiting the number of companies we invest in per fund and the number of board seats we take, helps us be the most impactful.
3. Great companies are not built overnight. It took Microsoft 8 years to get to $50 million in revenue. It took Oracle 10 years. It took Red Hat 9 years. We are patient investors looking to build long term sustainable businesses. We are not in it for the "quick flip". We invest in great companies for the duration.
4. Hustle alongside the entrepreneurs. The very best entrepreneurs have a lot of options and can get capital from anyone. So we realize it often comes down to what we can bring outside of just our check.
5. Strong alignment with the founders and investors. As a small fund, we're not getting rich on fees. We feel we are nicely aligned with the entrepreneurs. When they win, we do too.
1. Founders build great companies, not the VCs. But we want to play a supporting role. We do that through introductions to customers, partners, potential acquirers, new potential employees and we get super active securing the next round of funding.
2. High partner-to-company ratios. Each fund is limited to 10-15 companies, which is less than many VC funds. We want to shower our companies with attention. Limiting the number of companies we invest in per fund and the number of board seats we take, helps us be the most impactful.
3. Great companies are not built overnight. It took Microsoft 8 years to get to $50 million in revenue. It took Oracle 10 years. It took Red Hat 9 years. We are patient investors looking to build long term sustainable businesses. We are not in it for the "quick flip". We invest in great companies for the duration.
4. Hustle alongside the entrepreneurs. The very best entrepreneurs have a lot of options and can get capital from anyone. So we realize it often comes down to what we can bring outside of just our check.
5. Strong alignment with the founders and investors. As a small fund, we're not getting rich on fees. We feel we are nicely aligned with the entrepreneurs. When they win, we do too.
Location: United States, North Carolina, Durham
Employees: 1-10
Founded date: 2012
Investment Type: Venture Capital
Investment Stage: Series A; Series C
Portfolio 29
| Date | Name | Website | Total Raised | Location |
| 03.08.2023 | Ferretly | ferretly.com | $1.5M | United Sta... |
| 28.04.2023 | Levitate | levitate.ai | $28M | United Sta... |
| 18.02.2023 | Spiffy - O... | getspiffy.com | $54M | United Sta... |
| 01.02.2023 | GreenPlace... | greenplaces.com | $17M | United Sta... |
| - | Contactual... | contactually.com | $14M | United Sta... |
| - | ReverbNati... | reverbnation.com | - | United Sta... |
| - | Adwerx | adwerx.com | $4.3M | United Sta... |
| - | LaunchNote... | launchnotes.com | $15M | United Sta... |
| - | biospatial | biospatial.io | $3.4M | United Sta... |
| - | ChannelAdv... | channeladvisor.com | $50M | United Sta... |
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Mentions in press and media 14
| Date | Title | Description |
| 20.06.2024 | Decagon Disrupts Customer Support Landscape with Innovative AI-Powered Agents | In a groundbreaking move, Decagon, a leading generative AI company, has secured a substantial $35 million in funding to revolutionize the customer support industry. The company's emergence from stealth mode has been met with great anticipat... |
| 18.06.2024 | Decagon Secures $35Million from Accel and a16z for AI-Powered Customer Support | The company emerges from stealth with Eventbrite, Bilt, Substack, and Rippling as customers Decagon, a generative AI company powering enterprise customer support, emerged from stealth and announced its Seed and Series A funding round of $35... |
| 05.06.2023 | Ferretly Raises $1.5M in Seed Funding to Expand Global Reach and Strengthen R&D | “We view this investment in Ferretly as an opportunity to achieve a dominant market position in the novel product segment of social media screening,” said David Jones, Partner at BCVP. EASTON, Md. (PRWEB) June 05, 2023 AI-powered social med... |
| 10.05.2022 | 16 VCs and Term Sheet readers weigh in on the impending private market downturn | This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. You’ve heard the rumblings. You’ve read the warnings. And you’ve seen the data hinting at an impe... |
| 04.05.2022 | Bull City Venture Partners is the opposite of flashy — and its backers approve | Bull City Venture Partners is the opposite of flashy. The 20-year-old, generalist venture outfit only invests in two to four companies each year. It mostly invests in founders who’ve been around the block at least once, catching them as ear... |
| 22.10.2019 | Salesforce Ventures’s John Somorjai warns N.C.’s politics could dampen its tech hub potential | North Carolina has been rising as an entrepreneurial hub. It’s now home to massive deals, like IBM buying Red Hat for $34 billion and Fortnite maker Epic Games raising a landmark $1.25 billion, both which helped to put the state — and the T... |
| 31.10.2018 | Emerging Leader Attila Security Announces First Round of Funding | Attila Security, a company providing visibility, control and threat defense across physical, virtual, and cloud applications is pleased to announce it has completed its $2.5m seed round of funding led by DataTribe, the country’s leading sta... |
| 20.02.2018 | Term Sheet — Tuesday, February 20 | IT’S ALL RITE Good morning, Term Sheet readers. Paid Content Securing the enterprise without boundaries From ExtraHop RETAIL WARS: Albertsons strikes again. The national grocery chain announced it will purchase the part of Rite Aid that isn... |
| 10.11.2015 | Daily funding roundup - November 10, 2015 Early-Stage Venture-Capital Investors Early-Stage Venture-Capital Investors | Careem secured $60M; Transfix raised $12M; Spiro closed $1.5M Trucking remains the most widely used way of shipping goods, with heavy duty semi-trucks being responsible for shipping 70% of all U.S. freight.. But it's also an industry that h... |
| 01.09.2015 | Medfusion Raises $3M in Funding | Medfusion, Inc., a Cary, N.C.-based patient engagement platform dedicated to facilitating the relationship between doctors and patients, raised $3m in funding. Backers included Bull City Venture Partners and Hatteras Venture Partners. As pa... |
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