Jul
10
Bain Capital Ventures Raises $600 Million for Tech Startups
By
Managing Director at Bain Capital Ventures Ajay Agarwal.
Photographer: Noam Galai/Getty Images for TechCrunch
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Fund closes as U.S. venture firms on pace to hit historic high
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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
