Bain Capital Ventures Raises $600 Million for Tech Startups



Managing Director at Bain Capital Ventures Ajay Agarwal.

Photographer: Noam Galai/Getty Images for TechCrunch
  • Fund closes as U.S. venture firms on pace to hit historic high
  • Bain maintains focus on Silicon Valley and Boston startups

Bain Capital Ventures closed a $600 million fund to back technology startups, showing investors continue to pour money into the industry despite anemic exits and hand-wringing over bloated valuations.

Bain’s fund, which was disclosed Friday in a filing with the Securities and Exchange Commission, comes as investors have buoyed total venture fundraising to $22.5 billion during the first half of 2016. If that pace continues, this year will easily outstrip the $36 billion raised by funds in 2015 and mark a high not seen in more than a decade…

Bain Capital Ventures Raises $600 Million for Tech Startups


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