5 Notable Bain Capital Investments
Bain Capital is a Boston-based world completely different funding company that was based mostly in 1984. Over the course of the company’s historic previous, it has made a wide selection of investments and divestments in companies all via many various industries. along with DocuSign, Jet.com, LinkedIn, Rapid7, Lease the Runway, SurveyMonkey, and Taleo.
The company executes its personal equity actions by means of Bain Capital Private Equity and Bain Capital Ventures, every wholly-owned subsidiaries of Bain Capital. As of June 2020, the company had larger than $105 billion in complete property under administration.
Private equity and enterprise capital corporations like Bain Capital are often critical about holding portfolio companies for 4 to six years sooner than discovering a way to advertise them and create a income. Listed under are 5 of the company’s notable holdings as of June 2020.
Acorns
Acorns is a robo-advisor that objectives to make investing further accessible by allowing its clients to take a place small portions and spare change by micro-investing on its digital platform. As a result of it was based mostly in 2014, the Irvine, Calif.–primarily based agency has grown to produce completely different types of merchandise as correctly, along with a retirement monetary financial savings account and a debit card.
In Jan. 2019, Bain Capital participated in a spherical of Assortment E funding that raised $105 million and gave Acorns a valuation of $860 million. Bain Capital had invested inside the agency beforehand, nevertheless the most recent spherical of funding drew consideration because of it moved Acorns ahead of competitor Betterment by means of valuation. Betterment was valued at $800 million all through its ultimate spherical of funding in July 2017.
Brillio
Bain Capital signed a deal in January 2019 to build up a majority stake on this digital know-how consulting and choices agency for an undisclosed sum of cash.
Based mostly in 2014, Santa Clara, Calif.–primarily based Brillio helps companies deal with and execute “digital transformation” by means of its proprietary methods. That options upgrading their present know-how and enterprise processes to further fashionable, setting pleasant choices. Brillio focuses on shopper experience design, digital functions, large data analytics, cloud know-how, security choices, and digital engineering. The company’s notable buyers embrace Switch Inc., Eventbrite, and Verizon.
Lionbridge Capital
Bain Capital bought a majority possession place in Lionbridge Capital in 2014 for an undisclosed sum of cash, though the company was worth an estimated $157 million on the time. Lionbridge Capital is a Chinese language language financial agency that focuses on providing liquidity choices for small to mid-size enterprises in China. Significantly, the company provides financing for companies inside the logistics, medical tools, agricultural, and heavy manufacturing industries.
SigFig
Based mostly in 2007, SigFig is a San Francisco-based robo-advisor and wealth administration reply that seeks to fluctuate the retail funding commerce. The company presents funding platforms and choices that blend automation with human expertise for every explicit individual and enterprise prospects.
In 2013, Bain Capital was one amongst three enterprise capital corporations to commit funds to SigFig in a $15 million Assortment B funding spherical. Since then, SigFig has gone on to carry additional cash, along with $50 million in equity financing in June 2018.
Venminder
A third-party menace administration reply for the financial commerce, companies can use Venminder suppliers and choices to vet distributors, accumulate paperwork, overview contracts, get cybersecurity and menace monitoring, and assure regulatory compliance. Its buyers embrace banks, credit score rating unions, brokerage corporations, securities corporations, non-bank lenders and funds companies.
Bain Capital has been investing in Elizabethtown, Ky.-based Venminder since 2013. The preliminary funding supported the company’s launch and additional market evaluation. The company then participated in further rounds of funding in 2016, 2018 and 2019.