Deals
Bain Capital Ventures Raises $1 Billion Fund, Its Biggest
- Venture firms continue trend of raising larger funds
- Early stage startups still highly sought, deliver best returns
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Bain Capital Ventures has raised its largest fund yet at $1 billion, becoming the latest in a line of once-modest venture firms to raise mega funds.
The new fund -- a 67 percent increase from Bain’s $600 million vehicle raised in 2016 -- highlights both the trend of increasing fund sizes and a source of increasing tension within the firms themselves. Because the highest returns come from backing smaller, early stage startups, investors strive to do more such deals to deliver the same results. According to Bain Managing Director Enrique Salem, that means a lot more work.