NEWS
BCVP Leads Second Investment in Durham-Based Tiny Earth Toys
Triangle startup Tiny Earth Toys has added another $1.6 million to its coffers – just in time for the holidays. It’s the second outside capital raise for founder Rachael Classi, who closed on $1.5 million to really roll out the concept in 2021.
Classi said that, just in the past two weeks, there’s been a “really big surge” in memberships as parents look for low-clutter ways to bulk up their kid’s toy chests this Christmas shopping season.
Read more here.
GreenPlaces Secures $4M in Seed Funding
RALEIGH, N.C., Oct. 13, 2022 /PRNewswire/ -- GreenPlaces, the "sustainability for all" climate platform, announced that it has raised $4 million in seed funding led by Felicis, with participation from Bull City Venture Partners and a number of high-profile angel investors including Howard Lerman & Brian Distelberger (co-founders of Yext), Scot Wingo (founder of ChannelAdvisor), Jesse Lipson (founder of ShareFile), Todd Olson (founder of Pendo), Kyle Porter (Founder of SalesLoft), and Baker Shogry (former head of Product at Plaid). GreenPlaces has raised $5 million to date and will be using this fresh round of capital to double the size of the team over the next year.
GreenPlaces integrates with hundreds of common tools like Rippling, Workday, ADP, Netsuite, and Quickbooks, making sustainability reporting seamless, accurate, and less time intensive than other platforms. It connects to nearly all US energy, water, and natural gas utilities to give businesses full visibility into their emissions with half the effort. The platform analyzes the data it collects, and combines that with industry expertise to make personalized recommendations for businesses which allows companies the tedious process of manual data entry by connecting tools they already use.
Read more here.
LaunchNotes Announces $15M Series A Led by Insight
We are excited to share the news that LaunchNotes, a company we seeded in 2000, raised a $15M Series A led by Insight with participation from Atlassian. You can read more about LaunchNotes here.
BCVP Closes on $53M Fund
We are thrilled to announce that we've oversubscribed and closed Bull City Venture Partners Fund IV with $53 million in capital commitments.
Our vision for Fund IV is to mirror the proven strategies from our previous funds, but with greater impact and firepower. The new fund will allow us to invest more meaningfully in the best tech entrepreneurs across our regions and develop even stronger relationships with the founders operating at the forefront of their industries. Everything we do here at Bull City Venture Partners is centered around supporting founders and we are incredibly grateful for opportunity to continue our mission with greater scale.
Our new fund will continue to focus on:
Stage: Seed and Early
Geography: Mid-Atlantic and Southeastern US
Industries: Software & Internet
Check Size: $300K - $3M+
Teams: All types, regardless of pedigree, background, or creed
Read more about the fund announcement at TechCrunch, WRAL, GrepBeat, TBJ and Hypepotamus.
We have already announced four investments out of BCVP IV: Blueprint Title, LaunchNotes, Levitate and Tiny Earth Toys.
As always, feel free to reach out to us at any time.
Jason, David & Michael
ServiceTrade Receives $85 Million Growth Investment Led by JMI Equity
Durham, North Carolina — December 6, 2021 – ServiceTrade, the leading provider of software as a service (“SaaS”) applications for commercial service contractors, today announced that it has received an $85 million growth investment led by JMI Equity (“JMI”), a growth equity firm focused on investing in leading software companies. Existing investors Frontier Growth and Bull City Venture Partners also participated in the funding. With the additional capital, ServiceTrade will increase the pace of new product innovations to continue to meet the heightened demand from commercial service contractors.
Circonus Raises $10M Series B Funding Led by Baird Capital
Circonus, the full-stack monitoring and analytics platform built for the modern-day enterprise, today announced it has secured $10 million in Series B funding led by Baird Capital with participation from existing investors NewSpring Capital, Osage Venture Partners, and Bull City Venture Partners. The new funding will be used to accelerate growth, scale product innovation, and build upon the company’s record-setting performance in 2021.
Tiny Earth Toys Raises $1.5 Million Seed Round
Tiny Earth Toys has raised nearly $1.5 million to expand the e-commerce company’s product inventory of high-quality wooden children’s toys for kids up to five years of age, and hire the staff to fuel the company’s growth.
“Everybody has heard that there is a massive global supply chain crisis happening now that will impact the toy industry by driving up prices and reducing access to inventory,” said Rachael Classi, founder and CEO of Tiny Earth Toys, in an interview with WRAL TechWire. “But we’re in a fantastic position to ensure families have quality, sustainable products in plenty of time for the holidays.”