Bain Capital Ventures Fund XI

Bain Capital Ventures

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Status

ACTIVE

Global HQ

San Francisco, United States

Countries of investment

United States
Canada
Israel
United Kingdom
India

Investment stages

Pre-Seed
Seed
Series A
Series B
Series C
Growth

Industries

Application software
Infrastructure software
Fintech
Commerce & retail technology
AI
Healthcare IT
Cybersecurity
Data & analytics

About
Bain Capital Ventures is the venture arm of Bain Capital, investing in startups from inception through growth. It backs founders building software and financial technology companies primarily across North America, with additional activity in Israel, the UK and India. The firm combines early-stage venture practice with the resources of a large diversified alternative asset manager.

Min check size: $5M
Max check size: $50M
Fund size: Unlock
NPS: Unlock

Investment Thesis

Bain Capital Ventures invests from seed through growth with a thesis that the firm's scale and Bain Capital affiliation let it back companies across their full lifecycle rather than exiting at a stage boundary. It concentrates on application software, infrastructure, fintech, commerce and AI, with dedicated seed and growth vehicles so cheque size follows conviction rather than fund constraints.

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Manager's Experience

Founded in 2001 as the venture arm of Bain Capital, with roughly $10 billion of committed capital, 243 active investments, 173 exits and 16 IPOs against $185 billion of total enterprise value. Offices in New York, San Francisco, Palo Alto and Boston, with about 30 staff. Partner bench is unusually deep on operators: Enrique Salem joined in 2014 after 19 years at Symantec, ending as President and CEO, and before that CEO of Brightmail; Matt Harris joined in 2012 after co-founding Village Ventures and has 30 years in fintech; Aaref Hilaly spent seven years as a Sequoia partner and founded two companies before joining in 2020; Ajay Agarwal leads application software. Exits and holdings include LinkedIn, Twilio, SendGrid, DocuSign, Rapid7 and Redis.