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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 |
![](http://upload.wikimedia.org/wikipedia/commons/9/99/Bain_capital_ventures_logo.png)
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.