Bain Capital Ventures is a Boston-based venture capital firm investing at the Seed and Growth stages in Applied AI, Infrastructure, Health, Physical AI and Security. Value Add VC tracks 19 companies Bain Capital Ventures has invested in and 12 venture rounds it took part in (4 as lead).
Bain Capital Ventures key facts (as of )
| Fact | Value | Source |
|---|---|---|
| Headquarters | Boston, United States | Wikidata, September 27, 2026 |
| Founded | 2001 | Wikipedia, October 12, 2026 |
| Type | Venture capital firm | Value Add VC classification |
| Stages | Seed, Growth | Bain Capital Ventures, October 13, 2026 |
| Sectors | Applied AI, Infrastructure, Health, Physical AI, Security | Bain Capital Ventures, October 13, 2026 |
| Funds tracked | 3 | Funds table on this page (each fund cites its source) |
| Venture rounds tracked | 12 (led 4, joined 8) 10 in the last 12 months | Recent deals table on this page (each round cites its source) |
| Portfolio companies tracked | 19 | Portfolio list on this page |
Recent deals we track
12Track record: led 4 and participated in 8 of 12 tracked venture rounds · 10 in the last 12 months · led 2 Series C, 1 Seed, 1 Series A
Ranked on: #4 Top VC Firms in Boston 2026 (Ranked by Deals) · #21 Most Active Growth Investors of 2026 (Ranked) · #29 Most Active Seed Investors of 2026 (Ranked) · Get your badge →
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About Bain Capital Ventures
Bain Capital Ventures was founded in 2001 and is headquartered in Boston, United States.[Wikipedia][Wikidata] Funds Value Add VC tracks for the firm include Bain Capital Ventures Fund X ($1.44B, 2023), Bain Capital Ventures Fund IX ($950M, 2021) and Bain Capital Venture Fund 2016 ($600M, 2016).[Wikipedia][SEC EDGAR Form D]
At a glance
Bain Capital Ventures appears in 12 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 Trajectory's $45M Series A round (Nov 2, 2026). It co-invests most often with Accel, Menlo Ventures and Redpoint Ventures. ValueAddVC also tracks 3 funds managed by Bain Capital Ventures.
Strategy
Stages
SeedGrowth
Sectors
Applied AIInfrastructureHealthPhysical AISecurity
Geographies
USABoston, United States
Check size
$1M-$100MRecent changes
- Nov 2, 2026Nov 2, 2026Invested in Trajectory (Series A, $45M) TechCrunch
- Oct 13, 2026Oct 13, 2026Stages updated: Seed, Growth Bain Capital Ventures
- Oct 13, 2026Oct 13, 2026Sectors updated: Applied AI, Infrastructure, Health, Physical AI, Security Bain Capital Ventures
- Oct 1, 2026Oct 1, 2026Invested in Armadin (Series B, $255.5M) TechCrunch
- Sep 21, 2026Sep 21, 2026Invested in Corridor (Seed, $25M) TechCrunch
Earlier changes (13)
- Sep 17, 2026Sep 17, 2026Bain Capital Ventures Raises $1.6B To Bet On 'Life After AGI' Pulse story
- Sep 16, 2026Sep 16, 2026Bain Capital Ventures Closes $1.6B Fund For 'Post-AGI' Bets Pulse story
- Sep 8, 2026Sep 8, 2026Invested in Forus (Series C, $150M) Bloomberg
- Aug 6, 2026Aug 6, 2026Invested in Lumilens (Series C, $700M) SiliconANGLE
- Jul 30, 2026Jul 30, 2026Invested in Simile (Series B, $200M) TechCrunch
- Jul 14, 2026Jul 14, 2026Invested in Chai Discovery (Series C, $400M) Law360
- Jun 30, 2026Jun 30, 2026Invested in Straiker (Series A, $64M) The Next Web
- Jun 18, 2026Jun 18, 2026Invested in Dream ($260M) PR Newswire / Reuters
- Jun 10, 2026Jun 10, 2026Invested in Modal Labs (Series C, $355M) Crunchbase News
- Jun 27, 2024Jun 27, 2024Invested in MagicSchool AI (Series A, $15M) TechCrunch
- 20232023New fund: Bain Capital Ventures Fund X ($1.44B) Wikipedia
- 20212021New fund: Bain Capital Ventures Fund IX ($950M) Wikipedia
- Jul 8, 2016Jul 8, 2016New fund: Bain Capital Venture Fund 2016 ($600M) SEC EDGAR Form D
Funds
3| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| Bain Capital Ventures Fund X | 2023 | $1.44B | Flagship | As of 2023Wikipedia |
| Bain Capital Ventures Fund IX | 2021 | $950M | Flagship | As of 2021Wikipedia |
| Bain Capital Venture Fund 2016 | 2016 | $600M | Venture | As of Jul 8, 2016SEC EDGAR Form D |
Portfolio
19 totalSector / Stage Activity
By sector (portfolio)
AI infra
5 · 26%
Enterprise SaaS
3 · 16%
Developer tools
3 · 16%
Robotics
1 · 5%
Biotech
1 · 5%
Fintech
1 · 5%
Cybersecurity
1 · 5%
Legal tech
1 · 5%
Edtech
1 · 5%
By stage (tracked rounds)
Series C
4 · 33%
Series A
3 · 25%
Series B
2 · 17%
Seed
1 · 8%
Series D
1 · 8%
Co-Investors
12Similar Firms
overlapping sector, stage or regionValue Add Research
- Market & Trends · Oct 23, 2026Enterprise Software Funding Rounds Q3 2026: Motive's $1.3B
- Market & Trends · Oct 22, 2026Biggest AI Infrastructure Funding Rounds Q3 2026: $5B Ties for Top
- AI & Technology · Oct 16, 2026Aaru vs Simile 2026: $1B vs $2B Synthetic Research AI
- AI & Technology · Oct 15, 2026Modal Labs Valuation 2026: $15.75B After a $750M Series D
- Market & Trends · Oct 14, 2026Most Active VC Firms September 2026: Valor Leads 8 Rounds
- Market & Trends · Sep 27, 2026Crusoe Series F: Inside the $30.9B AI Data Center Company
- AI & Technology · Sep 9, 2026Forus Valuation: $3B After $150M Series C, Triple in 4 Months
- AI & Technology · Aug 29, 2026Simile AI Valuation & Funding Oct 2026: $2B, $200M Series B
Latest Pulse
- Nov 2, 2026Trajectory Raises $45M Series A, Hits $300M ValuationTrajectory, a one-year-old AI startup that automates continual model retraining, has raised a $45 million Series A led by Sequoia Capital at a $300 million valuation.→
- Nov 2, 2026Trajectory Raises $45M Series A At $300M ValuationTrajectory raised a $45 million Series A led by Sequoia at a $300 million valuation to help companies automate AI model post-training, the startup told TechCrunch.→
- Oct 29, 2026Crosby Bids For Weil Gotshal's Assets As Big Law CrumblesAI-native law firm Crosby has bid for assets of Weil, Gotshal & Manges as the storied firm winds down after a wave of partner departures and a collapsed merger with Willkie Farr & Gallagher.→
- Oct 28, 2026Circuit Mind Raises $25M To Automate Circuit Board DesignCircuit Mind, a London startup that uses AI to design and verify circuit boards, announced $25 million in new financing including an $18.5 million Series A led by Norwest, bringing its total funding to $33.4 million.→
- Oct 14, 2026Modal Confirms $750M Series D, Crosses $1B Annualized RevenueModal Labs has closed the $750 million Series D at a $15.75 billion valuation first reported as pending in September, and says the AI infrastructure company has now crossed $1 billion in annualized revenue.→
- Oct 14, 2026Pear VC Closes $333M Fund V, Tops $1.1B AUMPear VC closed its $333 million Fund V, pushing total assets under management past $1.1 billion as the pre-seed and seed investor promotes three internal partners to general partner.→
- Sep 21, 2026Corridor 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.→
- Sep 18, 2026AI 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.→
- Sep 18, 2026This 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.→
- Sep 17, 2026Crusoe 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.→
- Sep 17, 2026Bain 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.→
- Sep 16, 2026Bain 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.→
- Sep 8, 2026Forus 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.→
- Sep 8, 2026Forus 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.→
- Aug 20, 2026Nvidia 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.→
- Aug 18, 2026Rillet 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.→
- Aug 18, 2026Etched'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.→
- Aug 18, 2026Etched 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.→
- Aug 8, 2026AI'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.→
- Aug 5, 2026The 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.→
- Jul 30, 2026Simile 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.→
- Jul 30, 2026Simile 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.→
- Jul 7, 2026Norm 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.→
- Jul 1, 2026Lime 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.→
- Jun 29, 2026Straiker 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.→
- Jun 18, 2026Dream 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 does Bain Capital Ventures invest in?
Bain Capital Ventures invests in Applied AI, Infrastructure, Health, Physical AI and Security companies at the Seed and Growth stages, according to Bain Capital Ventures.
What stage does Bain Capital Ventures invest at?
Bain Capital Ventures invests at the Seed and Growth stages, according to Bain Capital Ventures. In the rounds Value Add VC tracks, Bain Capital Ventures' deals were most often Series C (4), Series A (3) and Series B (2); it led 2 Series C, 1 Seed and 1 Series A.
What companies has Bain Capital Ventures backed?
Companies Value Add VC tracks as Bain Capital Ventures investments include Trajectory, Dream, Cognition, Legora, Modal Labs and Etched, and 13 more.
Where is Bain Capital Ventures based?
Bain Capital Ventures is headquartered in Boston, United States and was founded in 2001, according to Wikidata and Wikipedia.
How large are Bain Capital Ventures' funds?
Bain Capital Ventures funds Value Add tracks include Bain Capital Ventures Fund X ($1.44B, 2023); Bain Capital Ventures Fund IX ($950M, 2021); Bain Capital Venture Fund 2016 ($600M, 2016), out of 3 Bain Capital Ventures funds tracked in total.
Who does Bain Capital Ventures co-invest with most?
In the rounds Value Add tracks, Bain Capital Ventures most often invests alongside Accel (6 shared deals), Andreessen Horowitz (6 shared deals), SV Angel (6 shared deals), General Catalyst (5 shared deals), Kleiner Perkins (5 shared deals).
Sources & methodologyshow
Where these figures come from
- PR Newswire / Reutersprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- Bloombergmajor outlet1 fact
- SiliconANGLEmajor outlet1 fact
- TechCrunchmajor outlet1 fact
- TechCrunchmajor outlet1 fact
- TechCrunchmajor outlet1 fact
- TechCrunchmajor outlet1 fact
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.