Bain Capital Ventures

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.

Bain Capital Ventures LLC
TypeLimited liability company
IndustryFinancial services, Investment management
Founded2001
HeadquartersNew 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
ProductsVenture capital
AUM$10 billion
Number of employees
30+
ParentBain Capital
Websitewww.baincapitalventures.com
Previous logo

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]

FundVintage YearCommitted Capital ($m)
Bain Capital Venture Fund I2001$250
Bain Capital Venture Fund II2005$250
Bain Capital Venture Fund III2007$500
Bain Capital Venture Fund IV2009$525
Bain Capital Venture Fund V2012$660
Bain Capital Venture Fund VI2014$650, $200[9]
Bain Capital Venture Fund VII2016$600
Bain Capital Venture Fund VIII2019$650, $250 [10]
Bain Capital Venture IX2021$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

Source:[28]

References
  1. Rao, Leena (2012-11-14). "Online Billing SaaS Billtrust Raises $25M From Bain Capital Ventures". TechCrunch. Retrieved 2023-05-22.
  2. 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.
  3. D'Ambrosio, Daniel. "Boston Startup Has Raised $150 Million To Date To Supercharge Apps Running In The Cloud". Forbes. Retrieved 2023-05-22.
  4. Dickey, Megan Rose (2019-03-21). "Rent the Runway hits a $1 billion valuation". TechCrunch. Retrieved 2023-05-22.
  5. "Bain Capital Ventures closes $1 billion fund amid venture fund-raising frenzy". Reuters. 2018-11-14. Retrieved 2023-05-22.
  6. "Bain Capital Ventures is debuting $1.9 billion in two new funds". Fortune. Retrieved 2023-05-22.
  7. "Bain Capital Ventures Closes $1.9 Billion in Tech Investment Funds". Bloomberg.com. 2023-02-28. Retrieved 2023-05-22.
  8. Data collected from Preqin, a private equity database system
  9. Shieber, Jonathan (18 June 2014). "Bain Capital Ventures Raises $850 Million In Two New Funds". TechCrunch. Retrieved 18 June 2014.
  10. "Bain Capital Ventures has a fresh $1B to invest in startups". 14 November 2018.
  11. "Bain Capital Ventures raised $1.3 billion to fund young startups, and young VC firms, too". 20 May 2021.
  12. "Bain Capital Ventures Closes $1.9 Billion in Tech Investment Funds". Bloomberg.com. 2023-02-28. Retrieved 2023-05-22.
  13. "Bain Capital Ventures is debuting $1.9 billion in two new funds". Fortune. Retrieved 2023-05-22.
  14. Perez, Sarah (2022-01-24). "Soona, a virtual photo shoot platform for e-commerce, raises $35 million Series B". TechCrunch. Retrieved 2023-05-22.
  15. "Serverless cache startup Momento exits stealth mode with $15M in funding". SiliconANGLE. 2022-11-03. Retrieved 2023-05-22.
  16. Hall, Christine (2021-11-17). "Customer data startup Hightouch grabs third funding round in 12 months". TechCrunch. Retrieved 2023-05-22.
  17. Hall, Christine (2022-11-14). "Zenlytic develops commerce-specific, self-serve business intelligence tool". TechCrunch. Retrieved 2023-05-22.
  18. "Docker raises $105M to enhance support for developers". VentureBeat. 2022-03-31. Retrieved 2023-05-22.
  19. Wiggers, Kyle (2022-07-12). "Tecton raises $100M, proving that the MLOps market is still hot". TechCrunch. Retrieved 2023-05-22.
  20. "UK fintech GoCardless raises $95 million in funding led by Bain Capital Ventures". Reuters. 2020-12-17. Retrieved 2023-05-22.
  21. Roof, Katie (2017-05-04). "Signifyd raises $56 million for e-commerce fraud protection". TechCrunch. Retrieved 2023-05-22.
  22. Novet, Jordan (2018-04-27). "DocuSign starts trading on Nasdaq after raising $629 million in IPO". CNBC. Retrieved 2023-05-22.
  23. 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.
  24. Picker, Leslie (2016-06-23). "Twilio I.P.O. Raises $150 Million". The New York Times. ISSN 0362-4331. Retrieved 2023-05-22.
  25. "Rent the Runway sold 2 million extra shares as it raised $357 million in an upsized IPO". Fortune. Retrieved 2023-05-22.
  26. Haverstock, Eliza. "Flywire Hits $3.5 Billion Valuation After First Day Of Trading As Fintech IPO Frenzy Continues". Forbes. Retrieved 2023-05-22.
  27. "Mastercard-backed AvidXchange valued at $4.6 billion in tepid Nasdaq debut". Reuters. 2021-10-13. Retrieved 2023-05-22.
  28. "Team". Bain Capital Ventures. Retrieved 2023-05-22.
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