Print
Email
Print Edition StoriesThursday, February 12, 2009
Bain Capital pulls in $475M VC fund
By Galen Moore
How is the economic crisis affecting tech companies?
MHT Sales Roundtable: Web 2.0, Meet Sales 101
Bain Capital Ventures has raised a new $475 million fund and plans to add $75 million before closing, according to published reports.
The Boston Globe cited two unnamed executives, who said the venture capital arm of the Boston-based private equity giant raised the money over two and a half months.
According to a VentureWire report released in December, Bain originally planned to cap the fund at $750 million.
Bain’s last venture fund was launched in 2007. The fund recently made return investments in Waltham-based online game developer GameLogic Inc., Connecticut-based compliance software maker Memento Inc. and LinkedIn Corp.
Past exits from New England-region companies include Brontes Corp., a Woburn-based 3-D imaging company sold in 2006 for $95 million to 3M Co. (NYSE: MMM), and CentrePath Inc., a Waltham network services provider sold in 2006 to Capital Growth Systems Inc. (OTCBB: CGSY) for undisclosed terms.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
RSS Feeds
