Bain Capital Ventures

Bain Capital Ventures LLC is the venture capital division within Bain Capital, which has approximately $160 billion of assets under management worldwide. The firm's early-stage investments have included Attentive, Bloomreach, Billtrust,^[1] Docusign, Flywire, LinkedIn, Justworks,^[2] Turbonomic,^[3] Rent the Runway,^[4] Twilio,^[5] Rapid7, and Redis. Bain Capital Ventures manages $10 billion of committed capital, has over 400 active portfolio companies, and has offices in New York City, Palo Alto, and San Francisco.

Bain Capital Ventures LLC

Company type	Limited liability company
Industry	Financial services, Investment management
Founded	2001
Headquarters	New York, New York, San Francisco, California, Palo Alto, California
Key people	Partners: Ajay Agarwal, Scott Friend, Matt Harris, Aaref Hilaly, Sarah Hinkfuss, Merritt Hummer, Christina Melas-Kyriazi, Saanya Ojha, Enrique Salem, Slater Stitch, Kevin Zhang
Products	Venture capital
AUM	$10 billion
Number of employees	30+
Parent	Bain Capital
Website	www.baincapitalventures.com

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Investments

Bain Capital Ventures has raised slightly over $10 billion of investor capital since 2001 across ten core investment funds and three co-investment funds.^[6] The firm is currently investing its tenth fund, Bain Capital Venture Fund X, which raised $1.4 billion from investors.^[7] The following is a summary of Bain Capital Venture's private equity funds raised from its inception through 2023:^[8]

Fund	Vintage Year	Committed Capital ($m)
Bain Capital Venture Fund I	2001	$250
Bain Capital Venture Fund II	2005	$250
Bain Capital Venture Fund III	2007	$500
Bain Capital Venture Fund IV	2009	$525
Bain Capital Venture Fund V	2012	$660
Bain Capital Venture Fund VI	2014	$650, $200[9]
Bain Capital Venture Fund VII	2016	$600
Bain Capital Venture Fund VIII	2019	$650, $250 [10]
Bain Capital Venture IX	2021	$950, $350 [11]
Bain Capital Ventures Fund X	2023	$1440, $480 [12]

Some of the company's notable investments have included: Attentive, Bloomreach, Clari, Docusign, Flywire, LinkedIn, Moveworks, Rapid7, and Redis.

Investments

Bain Capital Ventures works with seed, early and growth-stage investments.^[13] Its seed and early stage investments include Soona,^[14] Momento,^[15] Hightouch,^[16] and Zenlytic.^[17] Examples of growth stage investments include Docker,^[18] Tecton,^[19] GoCardless,^[20] and Signifyd.^[21]It invest in the US unit of Japanese national company 7 Eleven by taking a stake in its US Convenience business in case it sells it or list it in the public markets.

Noted Exits:

• DocuSign: IPO valuation of $629 million in 2018^[22]
• LinkedIn: IPO valuation of $7.8 billion in 2011^[23]
• Twilio: IPO valuation of $150 million in 2016^[24]
• Rent the Runway: IPO valuation of $357 million in 2021^[25]
• Flywire: IPO valuation of $3.5 billion in 2021^[26]
• Avidxchange: IPO valuation of $4.6 billion in 2021^[27]

Notable people

• Ajay Agarwal
• Scott Friend
• Matt Harris
• Aaref Hilaly
• Sarah Hinkfuss
• Merritt Hummer
• Christina Melas-Kyriazi
• Saanya Ojha
• Enrique Salem
• Slater Stitch
• Kevin Zhang
• Tina Dimitrova

Source:^[28]