BIP Capital, a venture capital firm active in the Southeastern United States, closed its newest fund, at $101m.
Investors in BIP Capital Venture Fund IV included family offices, high-net-worth individuals (HNWI), and institutional investors.
The fund will provide Series A and Series B financing for market-disrupting B2B SaaS and tech-enabled services companies focused on:
– Enterprise SaaS,
– Healthcare IT,
– Digital Media,
– Dev Tools, and
Led by Mark Buffington, co-founder and CEO, the firm will continue to focus on companies in the southeastern United States’ startup ecosystem, while also expanding into the Midwest where it has already begun making investments.
It currently has more than 30 companies in its investment portfolio.