Bain Capital Ventures Closes $1.9 Billion in Tech Funds (1)

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.

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.

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