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Bain Capital Ventures, the venture arm of the namesake private equity giant, has raised $1.9 billion across two new venture funds targeting startups of all sizes.
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The funds, which set a new record for Bain Capital’s 20-year-old venture capital business, will target investments in fintech, infrastructure, apps and commerce technology, BCV said in a statement Tuesday. The raise eclipses the $1.3 billion BCV announced in May 2021 to invest in earlier-stage companies.
The firm also launched a $560 million fund last year, exclusively targeting crypto-related companies.
“Entrepreneurs want to build alongside investors who’ve done so successfully, and our team of operators, builders and experienced investors delivers on that promise,” BCV Partner Enrique Salem said in a statement.
