Bain Capital related stories
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VC-backed Receivables Exchange appoints Toffey as CEONew York City-based Receivables Exchange, an electronic marketplace that sells accounts receivable, has hired James W. Toffey as CEO. Previously, Toffey worked at GFI. Receivables Exchange is backed by Bain Capital Ventures, Redpoint Ventures, Prism VentureWorks and StarVest Partners.
- Bain Capital Ventures leads $13 mln round for Justworks
New York City-based human resources and payments platform Justworks has raised $13 million in Series B funding. Bain Capital Ventures led the round with participation from previous backers Thrive Capital and Index Ventures.
Public PE in Q1: Full of money and nowhere to spend itFive publicly traded private equity firms pulled in billions for their fundraising efforts in the first quarter, but when it came to spending, they held back, largely due to high U.S. deal prices.
Impact investing: Deval Patrick wants to leave a mark at BainA growing number of limited partners want their private equity investments to do more than make money. They also want them to do good.
- DocuSign racks up $233 mln
Electronic signature company DocuSign has secured $233 million in funding. Brookside Capital and Bain Capital Ventures led the round.
- Wrike pulls in $15 mln Series B
Mountain View, California-based work management platform Wrike has secured $15 million in Series B funding. The investors were Scale Venture Partners, DCM Ventures and return backer Bain Capital Ventures. In addition to the funding, Rory O’Driscoll of ScaleVP has been added to Wrike’s board of directors.
- Bain Capital Ventures leads funding of networking company CloudGenix
CloudGenix, a provider of software-defined wide area network technology, announced it has raised a $25 million Series B round of funding. Bain Capital Ventures led the round, which included CRV and the Mayfield Fund. The Santa Clara, Calif.-based company has now raised $34 million in total funding. Enrique Salem, managing director at Bain Capital Ventures and former president and CEO of Symantec, has joined the board.
- VC-backed Rapid7 buys NTO
Rapid7, which is backed by Bain Capital and Technology Crossover Ventures, has acquired NT OBJECTives. No financial terms were disclosed. Based in Irvine, California, NTO is a provider of web and mobile application security testing solutions.
Thoma Bravo raises $1 bln for special opportunitiesThoma Bravo amassed more dry powder for larger deals by quickly wrapping Thoma Bravo Special Opportunities Fund II at its cap of $1.07 billion. LPs piled into the latest pool from a firm that’s been aggressive on technology buyouts despite lofty deal prices.
- Former Dish Network executive joins Weather Channel -- Reuters
Dave Shull, a former chief commercial officer and long time executive at Dish Network, is joining The Weather Channel as a group president, the company said in a memo seen by Reuters.