Bain Capital Ventures Announces $1 Billion To Invest In Early And Growth-Stage Startups
Venture Firm Builds On Strong Track Record Across SaaS, Infrastructure Software, Security, Commerce, Fintech And Healthcare
SAN FRANCISCO, November 14, 2018-- Bain Capital Ventures today announced $1 billion in new funding to invest in early through growth-stage technology startups that are transforming major industries. The new funding includes a $650 million core fund, a $250 million co-investment fund for larger growth investments and over $100 million from the partners at Bain Capital. Bain Capital Ventures now has $4.9 billion in assets under management.
The new funding comes on the heels of several recent billion-dollar exits and IPOs, including Blue Coat, DocuSign (DOCU), Jet.com, Rapid7 (RPD), SendGrid (SEND), SquareTrade and SurveyMonkey (SVMK). Since its first dedicated venture fund in 2001, Bain Capital Ventures has invested more than $3.6 billion to launch and grow over 240 companies and has helped its portfolio realize over $50 billion in exit value.
Today, the firm has an active portfolio with market-leading companies across its six target sectors, including:
SaaS: Gainsight, FourKites
Infrastructure Software: Redis Labs, Turbonomic
Security: Attivo Networks, LeapYear
Commerce: Rent the Runway, ShipBob
Fintech: AvidXchange, Justworks
Healthcare: AbleTo, Remedy Partners
“Technologies like AI, cloud and autonomy are redefining entire industries and disrupting traditional business models,” said Ajay Agarwal, managing director at Bain Capital Ventures. “The opportunity for massive value creation is unsurpassed in the history of technology startups.
Bain Capital Ventures invests roughly half of its capital into early-stage companies, and over the last five years has significantly accelerated its early-stage investing efforts, particularly in Silicon Valley. The firm has expanded its early-stage investing team with the opening of offices in Palo Alto and San Francisco and is now evenly represented across key startup markets (Silicon Valley, New York and Boston). Since 2013, the team has made 106 early-stage investments, including 52 seed investments, tripling its total volume of seed and Series A investments from prior years.
Additionally, Bain Capital Ventures launched a network investing program in spring 2017 to cultivate a carefully vetted network of angel investors, providing exposure to hundreds of seed and Series A opportunities annually. Early results include two Series A investments (Basis and Red Balloon Security) and 12 seed investments – several in emerging cryptocurrency companies, including Compound and Lumina.
About Bain Capital Ventures
Bain Capital Ventures partners with disruptive founders to accelerate their ideas to market. The firm invests from seed to growth in startups driving transformation across industries, including SaaS, infrastructure software, security, commerce, fintech and healthcare. The firm has helped launch and commercialize more than 240 companies, including DocuSign, Jet.com, Kiva Systems LinkedIn, Rapid7, Rent the Runway, SendGrid, SurveyMonkey, Taleo, TellApart and Turbonomic. Bain Capital Ventures has $4.9 billion in assets under management with offices in San Francisco, New York, Boston and Palo Alto. Follow the firm via LinkedIn or Twitter
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