Bain Capital Ventures Investment Approach and Performance

Bain Capital Ventures has a unique investment approach that sets them apart from other venture capital firms. They focus on partnering with entrepreneurs who are building innovative companies in the technology, healthcare, and consumer industries.

Their investment team works closely with portfolio companies to provide strategic guidance and support, helping them navigate complex business decisions. This approach has led to impressive returns for their investors.

Bain Capital Ventures has a proven track record of success, with over 200 investments made to date. Their portfolio companies have achieved significant growth and exits, including several IPOs and acquisitions.

Their investment process is rigorous and thorough, with a focus on identifying companies with strong growth potential and talented management teams.

Bain Capital Ventures is the venture arm of Bain Capital, a leading private investment firm. They've been around for over 20 years, investing in B2B and enterprise technology.

For a team of almost 50 people, they needed a way to make informed decisions about investments. This is where Affinity comes in, a centralized CRM that helps them stay organized.

With Affinity, they can sync all their emails, calendar invites, and contacts with just one click. This streamlines their workflow and saves time.

Bain Capital Ventures has a sub-team focused on fintech, apps, data infrastructure, and commerce. Each of these sub-teams works together to make investment decisions.

Here are some key benefits of using Affinity:

Having a single source of truth is crucial for making informed decisions. It helps eliminate uncertainty and ensures everyone is on the same page.

Bain Capital Ventures has raised over $10 billion in investor capital since 2001. This impressive total comes from ten core investment funds and three co-investment funds.

The firm is currently investing its tenth fund, Bain Capital Venture Fund X, which raised a significant $1.4 billion from investors. This fund is a testament to the company's continued success in attracting capital.

Some of the company's notable investments include DocuSign, which had an IPO valuation of $629 million in 2018, and LinkedIn, which had an IPO valuation of $7.8 billion in 2011. These investments demonstrate the company's ability to identify and support successful startups.

Here are some of the company's notable investments:

Expert Collections Containing Bain Capital Ventures can be a valuable resource for investors and tech enthusiasts alike.

Bain Capital Ventures is featured in 7 Expert Collections, highlighting its importance in the tech industry.

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Restaurant Tech is one of the spaces where Bain Capital Ventures is recognized as a key player, showcasing its focus on innovative solutions for the food industry.

Bain Capital Ventures invests in a variety of sectors, including Enterprise Applications, which has 222 investments.

Enterprise Applications is the sector with the most investments, followed closely by Enterprise Infrastructure with 85 investments.

High Tech and FinTech are also significant sectors, with 94 and 80 investments respectively.

Vertical SaaS has 60 investments, showing that Bain Capital Ventures is interested in this area as well.

Other sectors, which we can refer to as "Others", have 341 investments, making it the sector with the most investments outside of the top four.

Countries like Singapore and Hong Kong offer a favorable business environment, with low corporate tax rates of 8.5% and 16.5% respectively, making them attractive destinations for investors.

Singapore has a highly developed financial system, with a strong presence of multinational corporations and a highly skilled workforce.

Hong Kong has a free market economy and a highly developed infrastructure, making it an ideal location for startups and entrepreneurs.

The United States is a popular destination for investors, with a diverse economy and a highly developed financial system.

Canada is another attractive option, with a stable economy and a highly developed social safety net.

Iceland is a unique destination, with a highly developed renewable energy sector and a growing tech industry.

Investments can be a complex and overwhelming topic, but breaking it down into smaller parts can make it more manageable.

Assets, Funds, and Holdings are the building blocks of any investment portfolio. Let's take a closer look at what these terms mean and how they relate to each other.

Assets refer to the actual investments themselves, such as stocks, bonds, or real estate. Funds, on the other hand, are collections of these assets that are managed by a professional investment manager. Holdings, or fund holdings, are the specific assets that make up a particular fund.

AUM, or Assets Under Management, is a key metric for investment firms. It represents the total value of assets that a firm manages on behalf of its clients. According to the data, Bain Capital Ventures LP has an AUM of $10.0 billion as of 2024-07-31.

Here are some notable funds and holdings from the data:

These funds are just a few examples of the many assets and holdings that make up an investment portfolio. By understanding what these terms mean and how they relate to each other, investors can make more informed decisions about their investments.

Investments can be a thrilling and rewarding experience, but it's essential to understand the different types of investments and their associated risks.

Bain Capital Ventures has a portfolio of companies that have successfully gone public, with several notable examples.

Rubrik, a data management company, went public on April 25, 2024, after the firm's first investment in January 2019. This investment was part of a $261 million Series E round.

Socar, a technology company, went public on August 22, 2022, after an initial investment in October 2014. This investment was a $18 million Series A round.

Rent the Runway, a fashion technology company, went public on October 27, 2021, after a seed investment in July 2009. This investment was a relatively small $1.55 million.

AvidXchange, a fintech company, went public on October 13, 2021, after a Series E investment in September 2015. This investment was a substantial $235 million.

Flywire, a payment technology company, went public on May 26, 2021, after a Series B investment in January 2015. This investment was a $22 million round.

Here's a brief summary of the IPOs and public holdings in Bain Capital Ventures' portfolio:

Bain Capital Ventures has made four notable acquisitions, with the latest one being Swift Prepaid Solutions on December 6, 2017.

Their latest acquisition was worth $XXM, marking a significant investment in the fintech space.

Bain Capital Ventures acquired Swift Prepaid Solutions, a company that provides prepaid solutions to consumers.

This acquisition was a private equity deal, one of the four investment stages listed in the company's profile.

Here are the four acquisitions made by Bain Capital Ventures:

The company's valuation for these acquisitions is not publicly disclosed, except for the latest one which is worth $XXM.

Bain Capital Ventures has a thorough investment process that involves identifying and partnering with talented entrepreneurs and companies. They focus on industries with strong growth potential.

Their investment process starts with a thorough evaluation of potential investments, considering factors such as market trends, competitive landscape, and the company's management team. This process involves a thorough review of a company's financials and operations.

Bain Capital Ventures typically invests in companies with a strong growth trajectory and a proven business model. They also consider the potential for scalability and the company's ability to adapt to changing market conditions.

Bain Capital Ventures generally invests in Series A companies, with 116 investments in this stage. This suggests they tend to get involved early on in a company's growth.

The majority of their investments are in the seed and series A stages, with 81 and 116 investments respectively.

BCV's sub-teams, covering areas like business software and fintech, needed a standard way to report updates.

These teams had no single source of truth, making it difficult to cross-functionally report.

Affinity helped create workflow and pipeline management templates for weekly pipeline reviews.

This established Affinity as the single, accurate source of truth and transparency across the firm.

BCV's processes now center around Affinity, making it a crucial part of their week-to-week operations.

The investment landscape is constantly changing, and it's essential to adapt to these shifts to stay ahead of the game. Recently, decision making around investing has become more stringent, with a focus on companies with proven track records over individuals with potential ideas.

BCV now uses different metrics in Affinity to make decisions, incorporating more data-driven signals around companies. This includes looking for companies that spike on certain data points showing a concrete business inflection point.

The pandemic has also had a significant impact on networking opportunities, making it harder for younger investors and newer employees to build their network. Affinity's data enrichment helps BCV determine data points that signify good companies or individuals to contact.

New employees with preexisting relationships can use Affinity's data to go into conversations with their contacts knowing all of BCV's interactions with those individuals. Having this data in place is invaluable, especially for those just starting out.

Bain Capital Ventures has an impressive portfolio of companies, with 153 portfolio exits over the past 25 years. This includes both successful acquisitions and asset sales.

The firm's latest portfolio exit was Bench, which was acquired on December 30, 2024, for an undisclosed valuation. This exit marked the end of Bain Capital Ventures' involvement with the company.

Bain Capital Ventures has co-invested with 2017 investors over the years, demonstrating its collaborative approach to investing. This has helped the firm tap into a wide range of expertise and resources.

The firm's portfolio includes companies such as Keap, which was acquired by Thryv on October 29, 2024, for an undisclosed valuation. Airbase was also acquired by Paylocity on September 4, 2024, for an undisclosed valuation.

Here are some key statistics about Bain Capital Ventures' portfolio exits:

Bain Capital Ventures' portfolio companies have seen significant growth and success, with many achieving valuations in the millions of dollars.

Bain Capital Ventures has a strong track record of investing in innovative companies that are changing the world. With over $4 billion in assets under management, they've made a significant impact in the venture capital industry.

One notable example is their investment in LinkedIn, which was acquired by Microsoft for $26.2 billion in 2016. This deal not only made a tidy profit for investors but also demonstrated the potential for venture capital to drive growth and success.

Their portfolio companies have also achieved impressive growth rates, with some companies experiencing a 10x return on investment. This is a testament to the firm's ability to identify and nurture promising startups.

Bain Capital Ventures has a diverse portfolio that spans various industries, including software, healthcare, and fintech. This diverse approach allows them to stay adaptable and take advantage of emerging trends and opportunities.

Their investment in C3.ai, a leading AI software company, is another notable example of their success. C3.ai has experienced rapid growth and has become a leader in the AI software market.

Bain Capital Ventures has a significant history of managing various funds. They have 28 funds, including the Bain Capital Select IV Fund and the Bain Capital New Fund X, both of which closed on February 28, 2023.

Bain Capital Ventures Core Fund IX, which closed on May 20, 2021, had an investment amount of $XXM.

The Bain Capital Crypto fund, which closed on March 8, 2022, had a significantly larger investment amount of $560M.

Bain Capital Ventures has strategic partners and customers, including Toshiba, with whom they partnered on September 9, 2017.

Here are some of the funds managed by Bain Capital Ventures, along with their closing dates and investment amounts: