BIP Capital to open office in Next on Main.

Atlanta-based BIP Capital announced plans to open an office at Next on Main in Greenville after closing on their first venture capital investment in the Upstate.

The firm's leadership decided to open in Greenville after a venture capital investment in ChartSpan, a local health care technology company. BIP Capital said in a news release that the firm will leverage its presence in Greenville to make more investments in Upstate entrepreneurs.

John Moore, CEO of Next, said the firm will be good for the local entrepreneurial environment.

"BIP Capital establishing an office in Greenville is a huge ecosystem builder," he said in a news release. "Now, startups who evolve past seed capital and need growth capital will have access locally to multi-million dollar venture capital opportunities. The infrastructure of a startup ecosystem is important, and we plan to fuel that by helping curate and build connections."

BIP Capital is leading a syndicate of five investment firms that are investing $15 million in ChartSpan, the news release said. Joining BIP Capital in the ChartSpan investment round are Blue Heron Capital of Richmond, Va., Bailey Southwell & Co. of Nashville, C&B Capital of Atlanta, and Service Provider Capital of Atlanta.

"ChartSpan represents what we hope will be many more investments in the Upstate area as well as the beginning of strong relationships...