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BIP Capital leads $2 mln funding in Achievelt

BIP Capital has led a $2 million Series D funding round in Achievelt, a software provider for business management. Funding also included BIP advisor-partners.

Press Release

AchieveIt, the leading provider of Results Management (RM) software which empowers leaders to take their organizations to new levels of performance and operational excellence, has received $2 million in a Series D funding round. BIP Capital, among the most active and successful growth capital investors in the Southeast, led the funding effort, which also included a number of BIP advisor-partners.

“We are pleased to receive this investment from BIP Capital, who clearly recognizes the rapidly growing market opportunity we are addressing,” said Paul Carmody, CEO of AchieveIt. “AchieveIt is proud to serve clients from the Fortune 500 to SMB, to non-profit and government organizations. This funding will accelerate our efforts to help even more companies achieve their organizational objectives.”

AchieveIt is a software-as-a-service product in the emerging category of Results Management (RM). The innovative application empowers leaders and their teams with top-to-bottom organizational visibility, coupled with the ability to coordinate people and processes. By seamlessly incorporating aspects of visual plan construction, task management, business intelligence, collaboration, and document management in a single purpose-built application, AchieveIt is transforming how organizations make decisions, drive results, and get work done.

“AchieveIt represents an outstanding investment opportunity for BIP and its network of advisor-partners,” said Mark Buffington, co-founder and managing partner of BIP Capital. “The company has a clear product advantage and its pipeline of innovations will truly amaze clients in the coming year. The company is addressing a multi-billion dollar, global industry and is well organized in its approach to market. In our experience, these are the conditions that lead to outstanding investment results.”

This funding will fuel expansion of the company’s sales, marketing, product development, and client services efforts. After launching a completely revised version of the platform in August 2014, AchieveIt has experienced consistent growth. Clients have demonstrated overwhelming loyalty to the platform as illustrated by very low churn rates and expansion in existing customer sites. This kind of organic growth has occurred when clients discover AchieveIt can be applied to virtually any plan that involves teams of people, such as strategic plans, operating plans, marketing, projects, compliance, and even hiring plans.

“We look at a multitude of investment opportunities on behalf of our clients,” said Ivan Hoffman, CEO of Fi3 Financial Advisors, a BIP advisor-partner, “and we felt like the growth story at AchieveIt presented a unique opportunity for us to partner with BIP Capital to help accelerate AchieveIt’s expansion.”

About AchieveIt
AchieveIt delivers innovative technology that empowers leaders with the visibility to coordinate team performance and drive results. Founded in 2010, and headquartered in Atlanta, GA, AchieveIt serves clients from the Fortune 500 to small businesses across a wide of range of industries.

About BIP Capital
Headquartered in Atlanta, GA, BIP Capital is the most active venture investor in the Southeast. They are the entrepreneurs behind the entrepreneurs. Visionaries. Doers. Partners in the journey. Their investment results and reputation with founders speak for themselves.

About the BIP Advisor-Partner Program
The BIP Advisor-Partner Program is a collection of Registered Investment Advisors across the United States who leverage BIP Capital’s proprietary investment and compliance platform to bring private market investment opportunities to their clients. The platform can be accessed directly in partnership with BIP Capital or through Buckhead Wealth Advisors.