Bain Capital Ventures

Venture capital firm

At a glance

Bain Capital Ventures appears in 10 funding rounds tracked by ValueAddVC since 2024, leading 4. Its most frequent sectors in these rounds are AI & Infrastructure and Enterprise Software, and its most recent tracked deal was Armadin's $255.5M Series B round (Oct 1, 2026). It co-invests most often with Accel, Menlo Ventures and Redpoint Ventures.

Strategy

Stages
SeedSeries ASeries BGrowth
Sectors
FintechSaaSHealthcare
Geographies
USABoston, United States
Check size
$1M-$100M

Recent changes

  1. Oct 1, 2026Invested in Armadin (Series B, $255.5M) TechCrunch
  2. Sep 21, 2026Invested in Corridor (Seed, $25M) TechCrunch
  3. Sep 17, 2026Bain Capital Ventures Raises $1.6B To Bet On 'Life After AGI' Pulse story
  4. Sep 16, 2026Bain Capital Ventures Closes $1.6B Fund For 'Post-AGI' Bets Pulse story
  5. Sep 8, 2026Invested in Forus (Series C, $150M) Bloomberg
Earlier changes (7)
  1. Aug 6, 2026Invested in Lumilens (Series C, $700M) SiliconANGLE
  2. Jul 30, 2026Invested in Simile (Series B, $200M) TechCrunch
  3. Jul 14, 2026Invested in Chai Discovery (Series C, $400M) Law360
  4. Jun 30, 2026Invested in Straiker (Series A, $64M) The Next Web
  5. Jun 18, 2026Invested in Dream ($260M) PR Newswire / Reuters
  6. Jun 10, 2026Invested in Modal Labs (Series C, $355M) Crunchbase News
  7. Jun 27, 2024Invested in MagicSchool AI (Series A, $15M) TechCrunch

Portfolio

16 total

Recent Investment Activity

10

Track record: led 4 and participated in 6 of 10 tracked venture rounds · 9 in the last 12 months · led 2 Series C, 1 Seed, 1 Series A

DateCompanyEventRoleAmountValuationInvestorsSource
Oct 1, 2026ArmadinSeries BParticipated$255.5M$2.5B
Andreessen HorowitzLeadunverifiedAccelLeadunverifiedBain Capital VenturesunverifiedRedpoint Venturesunverified8VCunverifiedGoogle Ventures (GV)unverifiedIn-Q-TelunverifiedKleiner PerkinsunverifiedMenlo VenturesunverifiedBallistic Ventures
Pulse story
Sep 21, 2026CorridorSeedLed$25M—Pulse story
Sep 8, 2026ForusSeries CLed$150M$3BBloomberg
Aug 6, 2026LumilensSeries CLed$700M$5.51BSiliconANGLE
Jul 30, 2026SimileSeries BParticipated$200M$2BTechCrunch
Jul 14, 2026Chai DiscoverySeries CParticipated$400M$3.8BLaw360
Jun 30, 2026StraikerSeries AParticipated$64M—The Next Web
Jun 18, 2026Dreamfunding roundParticipated$260M$3BPR Newswire / Reuters
Jun 10, 2026Modal LabsSeries CParticipated$355M—Crunchbase News
Jun 27, 2024MagicSchool AISeries ALed$15M—TechCrunch

Sector / Stage Activity

By sector (portfolio)
AI infra
5 · 31%
Enterprise SaaS
2 · 13%
Robotics
1 · 6%
Biotech
1 · 6%
Fintech
1 · 6%
Cybersecurity
1 · 6%
Legal tech
1 · 6%
Edtech
1 · 6%
Developer tools
1 · 6%
By stage (tracked rounds)
Series C
4 · 40%
Series B
2 · 20%
Series A
2 · 20%
Seed
1 · 10%

Co-Investors

12

Value Add Research

Latest Pulse

  1. Corridor Raises $25M To Rebuild SMB Health BenefitsCorridor raised a $25 million seed round led by Bain Capital Ventures to build an AI-native health insurance brokerage for businesses with 1 to 100 employees, a segment traditional brokers often deprioritize.→
  2. AI Infrastructure Financing Just Broke Its Own CeilingCrusoe's $3.9B raise and Bain Capital Ventures' $1.6B 'post-AGI' fund landed in the same 24 hours, and both are the same bet: the compute and services layer under AI is where the money is actually going now.→
  3. This Week Alone Nearly Matched A Month Of AI Infra CapitalCrusoe's $3.9B raise and CoreWeave's roughly $6B combined debt-and-equity push this week total nearly $10B, against Pulse's own tracker showing $129.9B across 347 startup deals over the past 17 weeks.→
  4. Crusoe Hits Initial Close On $3.9B Series F At $30.9BCrusoe's AI data-center buildout tripled its valuation to $30.9B in under a year, with Nvidia, Founders Fund and three sovereign-linked funds among the backers of the initial close.→
  5. Bain Capital Ventures Raises $1.6B To Bet On 'Life After AGI'Bain Capital Ventures closed its largest fund yet, built around backing startups that sell AI-completed work itself rather than the software tools underneath it.→
  6. Bain Capital Ventures Closes $1.6B Fund For 'Post-AGI' BetsBain Capital Ventures closed its eleventh flagship fund at $1.6 billion, 14% larger than its predecessor, betting on AI agents as the primary driver of a coming 'post-AGI' economy.→
  7. Forus Triples Valuation To $3B In Series CForus raised a $150 million Series C led by Bain Capital Ventures at a $3 billion valuation, tripling its worth months after its Series B, as its AI agents automate prescription prior authorization for providers nationwide.→
  8. Forus Triples to a $3B Value in Four MonthsForus, an AI network that automates prescription access between doctors, pharmacies and payers, raised $150 million at a $3 billion valuation -- roughly triple its mark from four months ago.→
  9. Nvidia Pays $6B to License Poolside's Coding AINvidia agreed to pay $6B to non-exclusively license Poolside's code-generation models and invest $1B at a $12B valuation, while extending job offers to roughly 109 Poolside employees.→
  10. Rillet Hits $1B Valuation on $100M Series CRillet raised a $100 million Series C led by ICONIQ at a $1 billion valuation, its third round in a year, pushing total funding past $200 million for an AI-native accounting platform aimed at NetSuite and Sage.→
  11. Etched's Valuation Doubles to $21B in a MonthAI inference-chip startup Etched raised $700 million at a $21 billion valuation weeks after its $10.3 billion mark, with first customer Jane Street already running Etched's Sohu chips in production.→
  12. Etched Raises $700M as Valuation Doubles to $21BEtched raised $700 million led by Jane Street at a $21 billion valuation, doubling the $10.3 billion mark it set in July after the quant firm tested the startup's inference hardware and installed a rack in its own data center.→
  13. AI's Next Bottleneck Isn't Chips — It's the WiresLumilens emerged from stealth with $700M+ in new funding at a $5.51B valuation to build the optical links between AI chips, the same week Terafab, Taalas and Hadrian all bet on AI's physical layer.→
  14. The Educator Who Built a $63M AI Edtech StartupMagicSchool AI, founded by a former school principal who says VCs initially refused to fund an educator, has now raised $63M and reaches an educator in nearly every US school district.→
  15. Simile Raises $200M to Simulate Human Behavior at ScaleSimile raised a $200 million Series B led by Greenoaks at a $2 billion valuation, just five months after its $100 million Series A, to build foundation models that simulate how humans will respond to products and decisions before they ship.→
  16. Simile Raises $200M at $2B to Simulate Human BehaviorSynthetic-user startup Simile closed a $200 million Series B at a $2 billion valuation, just five months after its $100 million Series A, to scale AI simulations that predict how real people will behave.→
  17. Norm AI Hits $1.2B Valuation With $120M Series CNorm AI raised $120 million led by Khosla Ventures at a $1.2 billion valuation, as its AI-native "Norm Law" agents take on document drafting and compliance work under attorney supervision.→
  18. Lime Rings the Nasdaq Bell at $25 as Uber-Backed Scooter Giant Reaches $1.8B Market CapLime — the world's largest shared micromobility operator, formally Neutron Holdings — priced its Nasdaq IPO at the $25 midpoint on June 30 and begins trading July 1 under ticker LIME, raising roughly $174-182M at a $1.63-1.8B market cap. Uber, which owns a meaningful stake and operates Lime bikes and scooters through its ride-hail app, is a key backer testing whether the scooter category still has a public-market future after Bird's bankruptcy.→
  19. Straiker Raises $64M Series A to Secure the Enterprise AI Agent WorkforceStraiker, which calls itself 'the agentic security company,' raised a $64 million Series A -- bringing total funding to $85 million -- to protect the enterprise AI agents that legacy security tools were never built to govern. The round was led by Marathon Management Partners with Citi Ventures, Illuminate Financial and Workday Ventures, plus existing backers Bain Capital Ventures and Lightspeed.→
  20. Dream Raises $260M at $3B to Sell 'Sovereign AI' Cyber Defense to GovernmentsDream, the Israeli cybersecurity startup founded by former NSO Group CEO Shalev Hulio and former Austrian Chancellor Sebastian Kurz, raised $260 million at a $3 billion valuation -- roughly tripling its mark in a year as it sells AI-driven national cyber defense directly to governments and critical-infrastructure operators. Just three years old, the company says it has booked nearly $300 million in total contract value since commercial launch in late 2024, and the new round was co-led by Bicycle Capital and Group 11.→

Bain Capital Ventures FAQ

What companies has Bain Capital Ventures invested in?

Bain Capital Ventures' portfolio includes Etched, Armadin, Modal Labs, Corridor, Forus, Poolside, and 10 more tracked companies.

Who does Bain Capital Ventures co-invest with most?

In the rounds Value Add tracks, Bain Capital Ventures most often invests alongside Bain Capital (7 shared deals), Accel (5 shared deals), SV Angel (5 shared deals), Andreessen Horowitz (4 shared deals), Kleiner Perkins (3 shared deals).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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