American venture capital division within Bain Capital
Bain Capital Ventures LLC
Company type
Limited liability company Industry
Financial services ,
Investment management Founded 2001 Headquarters
New York, New York ,
San Francisco, California ,
Palo Alto, California Key people
Partners: Ajay Agarwal, Scott Friend, Matt Harris, Aaref Hilaly, Sarah Hinkfuss, Merritt Hummer, Christina Melas-Kyriazi, Saanya Ojha, Enrique Salem, Slater Stitch, Kevin Zhang Products
Venture capital
AUM $10 billion Number of employees
30+
Parent
Bain Capital Website
www .baincapitalventures .com
Previous logo
Bain Capital Ventures LLC is the
venture capital division within
Bain Capital , which has approximately $160 billion of
assets under management worldwide. The firm's early-stage investments have included Attentive, Bloomreach, Billtrust,
[1]
Docusign , Flywire,
LinkedIn , Justworks,
[2]
Turbonomic ,
[3]
Rent the Runway ,
[4] Twilio,
[5] Rapid7, and Redis. Bain Capital Ventures manages $10 billion of committed capital, has over 400 active portfolio companies, and has offices in
New York City ,
Palo Alto , and
San Francisco .
Investments
Bain Capital Ventures has raised slightly over $10 billion of investor capital since 2001 across ten core investment funds and three co-investment funds.
[6] The firm is currently investing its tenth fund, Bain Capital Venture Fund X, which raised $1.4 billion from investors.
[7] The following is a summary of Bain Capital Venture's
private equity funds raised from its inception through 2023:
[8]
Fund
Vintage Year
Committed Capital ($m)
Bain Capital Venture Fund I
2001
$250
Bain Capital Venture Fund II
2005
$250
Bain Capital Venture Fund III
2007
$500
Bain Capital Venture Fund IV
2009
$525
Bain Capital Venture Fund V
2012
$660
Bain Capital Venture Fund VI
2014
$650, $200
[9]
Bain Capital Venture Fund VII
2016
$600
Bain Capital Venture Fund VIII
2019
$650, $250
[10]
Bain Capital Venture IX
2021
$950, $350
[11]
Bain Capital Ventures Fund X
2023
$1440, $480
[12]
Some of the company's notable investments have included: Attentive, Bloomreach, Clari, Docusign, Flywire, LinkedIn, Moveworks, Rapid7, and Redis.
Investments
Bain Capital Ventures works with seed, early and growth-stage investments.
[13] Its seed and early stage investments include Soona,
[14] Momento,
[15] Hightouch,
[16] and Zenlytic.
[17] Examples of growth stage investments include Docker,
[18] Tecton,
[19] GoCardless,
[20] and Signifyd.
[21]
Noted Exits:
DocuSign : IPO valuation of $629 million in 2018
[22]
LinkedIn : IPO valuation of $7.8 billion in 2011
[23]
Twilio : IPO valuation of $150 million in 2016
[24]
Rent the Runway : IPO valuation of $357 million in 2021
[25]
Flywire: IPO valuation of $3.5 billion in 2021
[26]
Avidxchange: IPO valuation of $4.6 billion in 2021
[27]
Notable people
Ajay Agarwal
Scott Friend
Matt Harris
Aaref Hilaly
Sarah Hinkfuss
Merritt Hummer
Christina Melas-Kyriazi
Saanya Ojha
Enrique Salem
Slater Stitch
Kevin Zhang
Tina Dimitrova
Source:
[28]
References
^ Rao, Leena (2012-11-14).
"Online Billing SaaS Billtrust Raises $25M From Bain Capital Ventures" . TechCrunch . Retrieved 2023-05-22 .
^ Crook, Jordan (2021-02-24).
"Bain's Matt Harris and Justworks' Isaac Oates to talk through the Series B deal that brought them together" . TechCrunch . Retrieved 2023-05-22 .
^ D'Ambrosio, Daniel.
"Boston Startup Has Raised $150 Million To Date To Supercharge Apps Running In The Cloud" . Forbes . Retrieved 2023-05-22 .
^ Dickey, Megan Rose (2019-03-21).
"Rent the Runway hits a $1 billion valuation" . TechCrunch . Retrieved 2023-05-22 .
^
"Bain Capital Ventures closes $1 billion fund amid venture fund-raising frenzy" . Reuters . 2018-11-14. Retrieved 2023-05-22 .
^
"Bain Capital Ventures is debuting $1.9 billion in two new funds" . Fortune . Retrieved 2023-05-22 .
^
"Bain Capital Ventures Closes $1.9 Billion in Tech Investment Funds" . Bloomberg.com . 2023-02-28. Retrieved 2023-05-22 .
^ Data collected from
Preqin , a private equity database system
^ Shieber, Jonathan (18 June 2014).
"Bain Capital Ventures Raises $850 Million In Two New Funds" . TechCrunch. Retrieved 18 June 2014 .
^
"Bain Capital Ventures has a fresh $1B to invest in startups" . 14 November 2018.
^
"Bain Capital Ventures raised $1.3 billion to fund young startups, and young VC firms, too" . 20 May 2021.
^
"Bain Capital Ventures Closes $1.9 Billion in Tech Investment Funds" . Bloomberg.com . 2023-02-28. Retrieved 2023-05-22 .
^
"Bain Capital Ventures is debuting $1.9 billion in two new funds" . Fortune . Retrieved 2023-05-22 .
^ Perez, Sarah (2022-01-24).
"Soona, a virtual photo shoot platform for e-commerce, raises $35 million Series B" . TechCrunch . Retrieved 2023-05-22 .
^
"Serverless cache startup Momento exits stealth mode with $15M in funding" . SiliconANGLE . 2022-11-03. Retrieved 2023-05-22 .
^ Hall, Christine (2021-11-17).
"Customer data startup Hightouch grabs third funding round in 12 months" . TechCrunch . Retrieved 2023-05-22 .
^ Hall, Christine (2022-11-14).
"Zenlytic develops commerce-specific, self-serve business intelligence tool" . TechCrunch . Retrieved 2023-05-22 .
^
"Docker raises $105M to enhance support for developers" . VentureBeat . 2022-03-31. Retrieved 2023-05-22 .
^ Wiggers, Kyle (2022-07-12).
"Tecton raises $100M, proving that the MLOps market is still hot" . TechCrunch . Retrieved 2023-05-22 .
^
"UK fintech GoCardless raises $95 million in funding led by Bain Capital Ventures" . Reuters . 2020-12-17. Retrieved 2023-05-22 .
^ Roof, Katie (2017-05-04).
"Signifyd raises $56 million for e-commerce fraud protection" . TechCrunch . Retrieved 2023-05-22 .
^ Novet, Jordan (2018-04-27).
"DocuSign starts trading on Nasdaq after raising $629 million in IPO" . CNBC . Retrieved 2023-05-22 .
^ Rao, Leena (2011-05-19).
"LinkedIn IPO Shares Pop 84 Percent On First Trade, Opens With $7.8B Market Cap" . TechCrunch . Retrieved 2023-05-22 .
^ Picker, Leslie (2016-06-23).
"Twilio I.P.O. Raises $150 Million" . The New York Times .
ISSN
0362-4331 . Retrieved 2023-05-22 .
^
"Rent the Runway sold 2 million extra shares as it raised $357 million in an upsized IPO" . Fortune . Retrieved 2023-05-22 .
^ Haverstock, Eliza.
"Flywire Hits $3.5 Billion Valuation After First Day Of Trading As Fintech IPO Frenzy Continues" . Forbes . Retrieved 2023-05-22 .
^
"Mastercard-backed AvidXchange valued at $4.6 billion in tepid Nasdaq debut" . Reuters . 2021-10-13. Retrieved 2023-05-22 .
^
"Team" . Bain Capital Ventures . Retrieved 2023-05-22 .
External links
Investment strategy
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