BIP Capital, an Atlanta-based venture capital firm, today announced it has launched a franchise development division, the BIP Franchise Accelerator, to help emerging brands accelerate their growth. Currently, the BIP Franchise Accelerator’s portfolio includes fast casual concepts Tropical Smoothie Café and Tin Drum Asian Kitchen, and the company is seeking to invest in brands with high growth potential across all franchise segments.
“We created the BIP Franchise Accelerator to leverage our team’s deep franchise experience. Unlike other venture capital firms, we not only provide investment capital, but also work closely with franchisors to define a detailed plan to ignite franchise development, open more locations and grow unit sales,” said Scott Pressly, co-founder and managing partner of BIP Capital. “Through our proven strategies, we’re able to help emerging concepts grow into mature, thriving brands by rapidly expanding their existing footprint by 50-100 percent each year.”