Bi-coastal venture capital firm Bain Capital Ventures has appointed Sarah Smith as its newest partner.
Smith will focus on early-stage investments across business and consumer technologies and marketplaces.
With this hiring, the firm now has five investing partners in the Bay Area.
Smith brings her experience to the team, having been an active seed investor and an executive at two marquee Silicon Valley companies, Facebook and Quora. Most recently, she was an investor with Graph Ventures, where she sourced and funded more than 20 seed and Series A investments, including BetterUp, Winnie, Motion, OhmniLabs, Heartbeat, Strive and Twine. Smith previously worked as a vice president at Quora, leading advertising sales, HR and recruiting, and user operations, and helped grow the firm from 40 to 200 employees.
She was also an early employee at Facebook, where she was the director of online operations, leading and scaling many different teams during her tenure including the Austin operations and SMB growth. Under Smith’s leadership, her team grew SMB revenue to more than $1 billion ARR.
She received her MBA from Stanford and bachelor’s degree from the University of Wisconsin-Madison.
Bain Capital Ventures invests in deals ranging from seed to growth in a range of enterprise technology sectors, including cloud infrastructure, SaaS and business services, security, commerce, fintech and healthcare, as well as data-driven consumer companies. The firm’s Bay Area team, established in 2011, primarily focuses on seed and early-stage startups on the West Coast. West Coast portfolio companies include Acorns, Basis, Bloomreach, DocuSign, GainSight, LeapYear, LinkedIn, Redis Labs, SendGrid, Signifyd, SurveyMonkey and Sysdig.