Bain Capital Ventures, the VC arm of private equity firm Bain Capital, has closed two oversubscribed funds totalling $1.9 billion, which will focus on investments in technology startups from seed to growth stage.Â
Bain Capital Ventures (BCV), the VC arm of private equity firm Bain Capital, has closed two oversubscribed funds totalling $1.9 billion, which will focus on investments in technology startups from seed to growth stage.
The funds, which set a new record for BCV’s 20-year-old venture capital business, eclipse the $1.3 billion raised in May 2021 to invest in earlier-stage companies.
These new funds are in addition to the Bain Capital Crypto fund which was announced in April 2022 with $500 million under management.
BCV says it will use the funds to “discover and grow the most groundbreaking companies within fintech, infrastructure, apps and commerce”.
