The $8.3 billion firm Bain Capital Ventures (BCV) is doubling down on its seed and Series A investments with a commitment of $1.3 billion to be focused on innovative trends including embedded finance, product-led growth, cloud infrastructure and machine learning.
The fresh capital is from BCV’s ninth core fund, which totals $950 million targeted at early stage startups and a $350 million co-investment fund for larger growth opportunities.
Recent investments achieving breakout growth include Attentive, Clari, Flywire, Material Bank, Moveworks, ReCharge and Redis Labs. In the last year, BCV has made 37 new seed and Series A investments.
“Over the last two decades, we’ve had the extraordinary privilege to collaborate with some of the most talented entrepreneurs of our generation, oftentimes backing them with just an idea and supporting them throughout their journeys,” said Ajay Agarwal, partner at BCV. “Our results validate our long-held strategy: empower founders at every step by leveraging our deep sector expertise, our breadth of operating resources, and our access to talent, customers, and partners through the global Bain Capital ecosystem.”
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).