Bain Capital Ventures, a San Francisco, CA-based venture capital firm, raised $1.3 billion in new funds to back early-stage founders building industry-defining technology companies.
The committed capital includes:
- the firm’s ninth core fund, totaling $950m targeted at early-stage startups, and
- a $350m co-investment fund for larger growth opportunities.
BCV will target a majority of the new funds for seed and Series A opportunities. Recent early-stage investments include Attentive, Clari, Flywire, Material Bank, Moveworks, ReCharge, and Redis Labs. In the last year, the firm has made 37 new seed and Series A investments, representing 88% of all new investments.
With deep domain expertise in enterprise technology, BCV is investing behind platforms and applications that help businesses serve a new generation of digital-native customers and employees. The firm is focused on the shifts shaping technology today, including embedded finance, product-led growth, cloud infrastructure, AI, and machine learning.
Today, BCV has 11 investing partners across San Francisco, New York, and Boston. Since its first venture fund in 2001, the firm has invested more than $4.2 billion into 340 companies and helped its portfolio realize over $375 billion in enterprise value. Recent milestones include ACV Auctions, Armis (acquired by McAfee), Billtrust, DocuSign, Gainsight (acquired by Vista), Rapid7, Signify Health, SendGrid; subsequently acquired by Twilio), and Wrike (acquired by Citrix).
The firm now has $8.3 billion in assets under management.