BIP Ventures

What BIP Ventures does

BIP Ventures is the North American-focused venture capital division of BIP Capital, LLC, a private investment platform headquartered in Atlanta, Georgia. Founded in 2007, the firm invests in B2B software and tech-enabled service businesses at all stages of maturity, with a historically concentrated focus on the Southeast US region. Across 73 portfolio companies and approximately 56 deals (2018-2023), the firm ranked #9 by deal count among Southeast venture capital funds and claims top-quartile returns over its 15+ year history. The firm distinguishes itself through a proprietary AI startup engine used for opportunity sourcing, competitive analysis, and portfolio monitoring, and through operational support via an in-house Performance Engineering team.

The firm operates a multi-product platform that extends well beyond traditional venture fund management. Beyond core VC investing, the platform includes an Evergreen equity BDC (launched 2023) targeting accredited investors, LAGO Evergreen Credit (launched 2024) — a private credit BDC offered in partnership with LAGO Asset Management — and the annual State of Startups in the Southeast research report, published since 2017. Revenue follows standard VC fund economics (management fees on committed capital plus carried interest above the hurdle), augmented by fees from the BDC and private credit vehicles. Portfolio outcomes include notable co-investments with KKR (PlayOn! Sports / GoFan merger, 2022), SoftBank's SB Opportunity Fund (Opya Series A, 2021), and OCA Ventures and Lunsford Capital (SentryHealth / Wellview merger, 2022).

The firm is led by Managing Partner and CEO Mark Buffington and General Partner and COO Mark Flickinger, with a leadership team that includes CMO Tami McQueen, Principal Austin Poole, and Vice Presidents Mark Quisao and R.T. Wyatt. The firm maintains an active ecosystem presence through an annual Private Market Symposium (now in its 15th year), the Extraordinary Pursuits podcast, and distribution across LinkedIn, Twitter/X, Instagram, and YouTube. Notable portfolio companies span healthcare technology (ChartSpan, SentryHealth, Wellview, ObjectiveHealth, Opya, ShiftMed), payments (ConnexPay), legal technology (Case Status), benefits administration (Velocity Benefits), and high school sports media (PlayOn! Sports).

Name

BIP Ventures

Legal name

BIP Capital, LLC

Website

https://bipventures.vc

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

BIP Ventures is the Atlanta-based venture capital division of BIP Capital, investing across stages in B2B software and tech-enabled service businesses, primarily in the Southeast US. The firm manages 73 portfolio companies and operates an integrated platform spanning venture funds, an Evergreen BDC, and LAGO private credit.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Other Financial Vehicles (52599)

akta.pro primary industry

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

Keywords

• Venture capital investing
• B2B software investing
• Tech-enabled services funding
• Private market investing
• Growth stage capital

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Venture Capital Management: BIP Ventures generates revenue through traditional venture capital fund economics including management fees (typically 2% of committed capital) and carried interest (typically 20% of profits above the hurdle rate). The firm manages BIP Capital's private market investment platform which includes venture anchor funds through BIP Ventures, an Evergreen equity BDC, and private credit offerings.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

BIP Ventures is the North American-focused venture capital division of BIP Capital, LLC, providing multi-stage equity capital to B2B software and tech-enabled service companies from Seed through Growth. The firm supplements capital with operational support, talent access, infrastructure, and a proprietary AI-driven assessment engine that supports portfolio monitoring and competitive analysis. Supporting products include the Evergreen Fund/BDC equity vehicle and the LAGO Evergreen Credit private credit BDC offered in partnership with LAGO Asset Management.

Product overview

BIP Ventures operates as a multi-stage venture capital investment platform rather than a traditional product company. The core offering is BIP Ventures itself, a VC firm that invests in B2B software and tech-enabled service businesses. Supporting this core investment activity, the firm offers supplementary financial products including Performance Engineering (portfolio reporting and analytics), the Evergreen Fund/Evergreen BDC (equity BDC for accredited investors), and LAGO Evergreen Credit (private credit BDC in partnership with LAGO Asset Management). The platform also publishes annual 'State of Startups in the Southeast' reports as a market intelligence resource.

Differentiator

Problem solved

Functional benefit

Products and services

• BIP Ventures (Core VC Investment Services) Multi-stage venture capital investment service deploying equity capital into B2B software and tech-enabled service companies from Seed through Growth stages in the Southeast US. The service includes capital plus access to infrastructure, talent networks, operational acumen, and a proprietary AI-driven assessment platform. Targeted at founders building category-leading companies.
• Performance Engineering Portfolio reporting and data-based market insights service led by a CPA expert in market intelligence. Provides portfolio companies with performance analytics and market intelligence to support data-driven decision-making.
• Evergreen Fund An evergreen equity BDC (Business Development Company) providing investment opportunities targeting high-growth companies, extending the Innovation Economy to more founders and accredited investors.
• BIP Ventures Evergreen BDC Evergreen equity Business Development Company launched in 2023 that offers private market investment opportunities to accredited investors as part of the BIP Capital platform.
• LAGO Evergreen Credit Private credit BDC offered in partnership with LAGO Asset Management, providing accredited investors with private credit investment opportunities as an alternative to equity investments.

Quantifiable outcome

• Top-quartile returns over 15 years of venture investing

Named customers10 records

Segments1 record

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Noro-Moseley Partners: Atlanta-based venture capital firm investing in early-to-growth stage B2B software and tech-enabled businesses across the Southeast. Highly comparable to BIP Ventures due to overlapping geography, stage focus, and sector mandate.
• Fulcrum Equity Partners: Atlanta-based growth equity firm investing in B2B software, healthcare IT, and tech-enabled services. Comparable regional focus, target sectors, and growth-stage orientation make it one of BIP Ventures' closest direct competitors.
• Engage Ventures: Atlanta-based venture firm focused on B2B software startups across the Southeast, operating a collaborative fund-of-funds model alongside corporate strategics. Shares BIP's regional anchor and software orientation.
• Tech Square Ventures: Atlanta-based seed and early-stage venture firm investing in B2B software, with deep ties to Georgia Tech's ecosystem. Comparable sector focus and stage (Seed/Early), with overlapping LP relationships in the Southeast.
• Relevance Ventures: Southeast-focused venture firm investing in B2B SaaS and tech-enabled services with strong portfolio overlap. Similar thesis (B2B software, regional focus, multi-stage) and competing for the same founder pool.
• Greycroft: Multi-stage venture firm with strong B2B software and consumer thesis, investing across the US with concentration in NYC and LA. Comparable sector specialization (B2B software, tech-enabled services) and multi-stage strategy.
• Elsewhere Partners: Growth-stage firm focused exclusively on B2B software companies, often taking controlling positions in lower-middle-market software businesses. Comparable B2B software mandate and growth-stage orientation.
• Periscope Equity: Chicago-based B2B software and tech-enabled services investor at the growth stage. Comparable sector mandate (B2B software/tech-enabled services), though operating in a different regional market.

Broad incumbents

• Bessemer Venture Partners: One of the oldest and largest US venture firms with deep B2B SaaS franchise (Cloud Index) and multi-stage platform. Comparable sector mandate but operates at materially larger AUM and broader geographic scope.
• Accel: Premier global venture firm with strong B2B software portfolio (Slack, Atlassian, Qualtrics). Comparable sector focus on B2B software, but operates at much larger scale and global footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/bipventures
• YouTubeyoutube.com/channel/UCUNKLjYP7gIJt08LCcL8xqw
• LinkedInlinkedin.com/company/bipventures
• Instagraminstagram.com/bipventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments65 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BIP Ventures