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.”
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1998913,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,entrepreneur,","session":"B"}']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.”
AI Weekly
The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.
Included with VentureBeat Insider and VentureBeat VIP memberships.
“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.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More