Bain Capital Ventures raised $1.3 billion to fund young startups, and young VC firms, too

Bain Capital Ventures (BCV), the venture arm of the 37-year-old private equity firm Bain Capital, announced this morning that it has $1.3 billion more smackers to invest across two funds, a $950 million fund for seed and Series A deals and a $350 million fund for growth-stage opportunities. That amount is up slightly from late 2018, when the outfit announced $1 billion across two funds.

While the outfit is backed by all the usual suspects, including endowments and pension funds, it’s worth noting that around $130 million of that capital comes from investors and other employees inside of Bain, whose contributions typically make up 10% of a fund. (Investors at other firms like Sequoia are big investors in their funds, too.)

More important, of course, is where the capital will be spent. According to partners Sarah Smith and Aaref Hilaly, the focus remains very much on enterprise startups, where the team likes to jump in early and build up a big position. (Some of its biggest bets in terms of dollars invested right now include the text message marketing company Attentive, currently valued at $2.2 billion, and the in-memory database company Redis Labs, valued at $2 billion.)


Leave a Reply

Your email address will not be published. Required fields are marked *