Bain Capital related stories
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Where the Action isVenture-backed enterprise IPOs were last year’s bright spot. They could be again in 2013. VCJ has a list of the top candidates.
Fresh Source Of Capital: The Retail InvestorUp until recently, admission to the exclusive private equity club was limited to pension funds, endowments and the world’s richest families. But in March, The Carlyle Group announced it planned to lower its minimum commitment to a fund to as little as $50,000. The question for investors is: Now that you have greater access, do you want in?
- EverTrue Raises $5.25M from Bain Capital Ventures
Boston-based EverTrue, maker of an education fundraising platform, has closed on a $5.25 million Series A funding round led by Bain Capital Ventures. Other investors in the round include Boston Seed Capital, TechStars CEO David Cohen, Bonobos CEO Andy Dunn and Trunk Club CEO Brian Spaly. The money will go toward product development and team expansion in engineering, design, sales and marketing.
- Domo Closes $60m Series B Financing
Domo, a new software-as-a-service venture launched by Omniture co-founder Josh James has raised $60 million in Series B financing. GGV Capital, Greylock Partners, Bezos Expeditions, the personal investment company of Jeff Bezos, Workday co-CEOs Aneel Bhusri and David Duffield, Founders Fund and Mercato Partners, amongst others, invested in this round.
- Reuters - KKR, Carlyle Seel Limit of Japan Gov’t Funds
KKR & Co., Carlyle Group, Bain Capital and other private equity firms urged Japan's government on Friday to shrink the role of state-backed funds, saying they could squeeze out opportunities for private capital and delay restructuring for troubled companies, Reuters wrote. Japan's two largest state-backed funds have the capacity to raise up to $37 billion to inject money into Japanese companies.
- Rent the Runway Fashions a Series C Round Add On
Rent the Runway, which rents designer clothes, shoes and accessories to users, has raised $4.4 million in additional Series C funding from American Express and Novel TMT Ventures. The company previously raised $20 million in Series C funding from Advance Publications, parent company of Condé Nast, Bain Capital Ventures, Highland Capital Partners and Kleiner Perkins Caufield & Byers.
- Ability Network to Merge with Ivans
Bain Capital Ventures' portfolio company, ABILITY® Network has entered into an agreement to merge with Stamford, CT-based IVANS, a provider of secure insurance data communication services. Ability has also entered into an agreement to sell the property and casualty business of IVANS to Applied Systems, a provider of insurance software. ABILITY and Applied Systems are portfolio companies of Bain Capital Ventures and Bain Capital, respectively.