Bain Capital Ventures raises $600M fund with focus on SaaS, machine learning, more

Bain Capital Ventures announced today in a public filing that it has closed a $600 million investment fund.

BCV, the venture arm for Boston-based firm Bain Capital, said it “also has money remaining in its [$200 million] 2014 Coinvestment Fund for larger investments.”

The new fund, the firm said, will continue with previous BCV investing trends, pouring seed and growth capital into enterprise and infrastructure software startups, as well as into “industries transformed by data.”

BCV managing director Ajay Agarwal tells VentureBeat that specific areas of focus for the new fund include “SaaS, machine learning, financial and retail technology, cybersecurity, cloud infrastructure, and open source.”

“We will also continue to balance investments geographically, including California, which now represents half of our senior investment team and half of our investment dollars,” said Agarwal.