Bain Capital Ventures

Bain Capital Ventures LLC
Company 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

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

  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.