The venture capital firm has closed its oversubscribed third fund with commitments from Cisco, Red Hat and Capitol Broadcasting among others.

US-based venture capital firm Bull City Venture Partners has closed its third fund with approximately $26m in capital commitments from companies including media group Capitol Broadcasting Company, networking company Cisco, open-source software company Red Hat and health insurance company Blue Cross and Blue Shield of North Carolina.

Bull City will invest through the oversubscribed Bull City Venture Partners Fund III in companies in the early, seed and growth stages that are active in the software, health technology and digital media…