Bain Capital Ventures raises record $1.9b in new funds

By Gloria Methri

Bain Capital Ventures (BCV) has closed two oversubscribed funds totalling $1.9 billion, which will strengthen the firm’s support of technology start-ups from seed to growth. BCV will use these funds to discover and grow ground-breaking companies within FinTech, infrastructure, apps, and commerce.

Notably, the new funds are in addition to the Bain Capital Crypto fund which was announced in April 2022 with $500 million under management.

“Entrepreneurs want to build alongside investors who have done so successfully, and our team of operators, builders, and experienced investors delivers on that promise,” said Enrique Salem, partner at Bain Capital Ventures. “At BCV, we put in the work every day to understand our domains, have company-specific context and operating experience that the best founders expect from their partners.”

“Our Bain Capital colleagues are some of the most thoughtful investors in insurance, healthcare services, real estate, and beyond, and those strengths intersect with the types of transformative companies we back,” said Kevin Zhang, partner at Bain Capital Ventures. “Founders, especially at the earliest stages, value the expertise and relationships the full firm convenes on their behalf, whether that’s advising on underwriting risk, logistics or business models.”

This news follows the appointment of BCV partner Noah Breslow, who has built a team of 23 former operators dedicated to helping start-ups mature more quickly with experienced guidance. Breslow, the former CEO of OnDeck, is based in BCV’s New York office.

Along with BCV partners Leslie Crowe, former Chief People Officer of TripActions, and Allison Braley, former Operating Partner at Playground Global, the platform team will ensure that Bain Capital Ventures continues to provide tangible benefits and hands-on support for its portfolio.