Posts filtered by tags: Bain Capital Ventures[x]


 

Pleo raises $150M at a $1.7B valuation for its new approach to managing expenses for SMBs

Whether you are part of the accounting department, or just any employee at an organization, managing expenses can be a time-consuming and error-filled, yet also quite mundane, part of your job. Today, a startup called Pleo — which has built a platform that can help some of that work more smoothly, by way of a vertically integrated system that includes payment cards, expense management software, and integrated reimbursement and pay-out services — is announcing a big round of growth funding to exp...
Tags: TC, Europe, Enterprise, Finance, Funding, Expenses, Tech, Copenhagen, Madrid, Thrive Capital, Sap, Mastercard, Bain Capital Ventures, Bain, Expensify, Seedcamp


ShipBob nabs $200M at a $1B+ valuation to help e-commerce companies run logistics like Amazon’s

E-commerce saw a massive surge of activity and growth in 2020; and while we may hear a lot about how big companies like Amazon got even bigger during the Covid-19 pandemic, that rising tide also lifted a lot of smaller boats. And that, in turn, has had a big impact on the wider e-commerce ecosystem. In the latest development, ShipBob, which has built an operation and tech platform that today works with some 5,000 e-commerce businesses to run shipping and logistics like their bigger rivals, has r...
Tags: Google, Amazon, Ecommerce, Australia, Funding, US, Tech, Walmart, Chicago, Shipping, Logistics, Squarespace, Bain Capital Ventures, Silicon Valley Bank, Canada Europe, Saxena


This $250 million growth fund will divert half its profits to historically black colleges and universities

There’s been a lot of talk about racial equality in the year since George Floyd was murdered in Minneapolis, but achieving it is far easier said than done given the current state of affairs. Consider: according to the U.S. Government Accountability Office, historically Black colleges and universities have $15,000 on average in endowment per student, while comparable non-HBCUs have $410,000 on average in endowment per student. That matters, a lot. While higher learning institutions are almost uni...
Tags: TC, Florida, Minneapolis, Stanford, Tech, University, Yale, Venture Capital, Black, Nubank, Bain Capital Ventures, Salesforce Ventures, Code2040, Bay Area, Hill, McKinsey Co


Billboards? Nah, just buy a media company instead

Startups used to be obsessed with billboards. It was the first thing I noticed when I moved to San Francisco: venture-backed companies including Eaze, Airbnb, and notoriously, Brex, would post large billboard advertisements all over the city to grab attention and eyeballs. When I dug into it more, I learned this type of old school, outdoor advertising was a response to the increasingly crowded online channels, such as Facebook and Instagram advertisements. Well, folks, years later, we have a new...
Tags: TC, Facebook, Ipo, San Francisco, Tech, Andreessen Horowitz, Alex, HubSpot, Bain Capital Ventures, Clubhouse, Expensify, Gojek, Hustle, Startup Battlefield, Mary Ann, Marcela


Bain Capital Ventures has $1.3 billion more to invest — including in emerging fund managers

Bain Capital Ventures (BCV), the venture arm of the 37-year-old private equity firm Bain Capital, announced this morning that it has $1.3 billion more smackers to invest across two funds, a $950 million fund for seed and Series A deals and a $350 million fund for growth-stage opportunities. That amount is up slightly from late 2018, when the outfit announced $1 billion across two funds. While the outfit is backed by all the usual suspects, including endowments and pension funds, it’s worth notin...
Tags: Facebook, New York, London, Tech, Quora, Miami, Symantec, West Coast, Sequoia Capital, Smith, East Coast, Bain Capital, Ryan Hoover, Bain Capital Ventures, Redis Labs, Bain


Bain Capital Ventures raised $1.3 billion to fund young startups, but young VC firms, too

Bain Capital Ventures (BCV), the venture arm of the 37-year-old private equity firm Bain Capital, announced this morning that it has $1.3 billion more smackers to invest across two funds, a $950 million fund for seed and Series A deals and a $350 million fund for growth-stage opportunities. That amount is up slightly from late 2018, when the outfit announced $1 billion across two funds. While the outfit is backed by all the usual suspects, including endowments and pension funds, it’s worth notin...
Tags: Facebook, New York, London, Tech, Quora, Miami, Symantec, West Coast, Sequoia Capital, Smith, East Coast, Bain Capital, Ryan Hoover, Bain Capital Ventures, Redis Labs, Bain


Bain Capital Ventures raised $1.3 billion to fund young startups, and young VC firms, too

Bain Capital Ventures (BCV), the venture arm of the 37-year-old private equity firm Bain Capital, announced this morning that it has $1.3 billion more smackers to invest across two funds, a $950 million fund for seed and Series A deals and a $350 million fund for growth-stage opportunities. That amount is up slightly from late 2018, when the outfit announced $1 billion across two funds. While the outfit is backed by all the usual suspects, including endowments and pension funds, it’s worth notin...
Tags: Facebook, New York, London, Tech, Quora, Miami, Symantec, West Coast, Sequoia Capital, Smith, East Coast, Bain Capital, Ryan Hoover, Bain Capital Ventures, Redis Labs, Bain


Ankorstore raises another $102 million for its wholesale marketplace

French startup Ankorstore has raised a $102 million Series B funding round (€84 million). Tiger Global and Bain Capital Ventures are leading today’s funding round with existing investors Index Ventures, GFC, Alven and Aglaé also participating. This is a significant funding round as it comes just a few months after the company raised €25 million. If you’re not familiar with Ankorstore, the company is building a wholesale marketplace for independent shop owners. You may have noticed some highly In...
Tags: Fundings & Exits, Startups, Europe, Sweden, France, Germany, Wholesale, Tech, E-commerce, Netherlands, France Newsletter, Bain Capital Ventures, Faire, Nicolas Cohen, Ankorstore, Wholesale Marketplace


From bootstrapped to a $2.1B valuation, ReCharge raises $227M for subscription management platform

ReCharge , a provider of subscription management software for e-commerce, announced today that it has raised $227 million in a Series B growth round at a $2.1 billion valuation.  Summit Partners, ICONIQ Growth and Bain Capital Ventures provided the capital. Notably, Santa Monica, California-based ReCharge was bootstrapped for several years before raising $50 million in a previously undisclosed Series A from Summit Partners in January of 2020. And, it’s currently cash flow positive, accordi...
Tags: Food, Fundings & Exits, Startups, TC, Cloud, Ecommerce, Europe, California, Funding, Startup, Tech, E-commerce, Software, SaaS, Venture Capital, Harry


Will fintech unicorn Flywire’s proposed IPO reach escape velocity?

It’s a big morning for fintech startups today: Flywire, a Boston-based magnet for venture capital, has filed to go public. Flywire is a global payments company that attracted more than $300 million as a startup, according to Crunchbase, most recently raising a $60 million Series F last month. We don’t have its most recent valuation, but PitchBook data indicates that the company’s February 2020, $120 million round valued Flywire at $1 billion on a post-money basis. So what we’re looking at here i...
Tags: Fundings & Exits, Startups, Finance, Ipo, Boston, Tech, Paypal, Goldman Sachs, Stripe, Fintech, Unicorns, Adyen, Bain Capital Ventures, PitchBook, Flywire, The Exchange


As companies prioritize diversity, startups are trying to productize diverse hiring

When the iconic American power tools company Stanley Black & Decker began looking for ways to improve the pipeline of diverse candidates that the company was reviewing for potential roles, it turned to an Israeli-based startup called Talenya for help. The company wasn’t alone in looking to startups for support in new hiring initiatives. Last year’s social reckoning that occurred in the wake of nationwide protests against systemic racism triggered by the murder of George Floyd pushed companies ar...
Tags: Startups, Tech, Diversity, Chicago, Xerox, Talent, Smith, Hiring, Bain Capital Ventures, Textio, Wayup, Sarah Smith, Robinson, Stanley Black Decker, Mayfield, Liz Wessel


Crusoe Energy is tackling energy use for cryptocurrencies and data centers and greenhouse gas emissions

The two founders of Crusoe Energy think they may have a solution to two of the largest problems facing the planet today — the increasing energy footprint of the tech industry and the greenhouse gas emissions associated with the natural gas industry. Crusoe, which uses excess natural gas from energy operations to power data centers and cryptocurrency mining operations, has just raised $128 million in new financing from some of the top names in the venture capital industry to build out its operati...
Tags: Energy, TC, Texas, Colorado, Washington Post, Montana, China, Tech, Tesla, Mit, Cryptography, Artificial Intelligence, Bitcoin, Mining, Air Pollution, United States


Building a creator-focused OS

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading.  A week ago TechCrunch covered Pico’s $6.5 million funding round and described it as “a New York startup that helps online creators and media companies make money and manage their customer data.” The Exchange has also covered Pico before, most recently during a mid-2020 dive into the world of indie pub...
Tags: Fundings & Exits, Startups, Y Combinator, UK, New York, America, San Francisco, Tech, Cms, Kim, Instacart, Coinbase, Bain Capital Ventures, Exchange, Battery Ventures, Anthony Ha


Extra Crunch roundup: UiPath’s IPO filing, predicting revenue, how to pivot properly, much more

This is not a boast, but a warning: I could write a how-to article on almost any topic. Give me enough time to do some research, and I can put together a reliable step-by-step for building a custom gaming PC, installing a hot water heater or interpreting public health data. But since I’ve never actually done those things, I would encourage you to ignore any advice I have to offer. Trusted advice comes from experience. That’s why Ron Miller interviewed three entrepreneurs who have each built mult...
Tags: Amazon, Startups, TC, Facebook, Europe, Microsoft, California, Entrepreneurship, Ipo, US, Tech, Austin, United States, Quora, Venture Capital, Dell


JPMorgan's big 2021 plans - 5 crypto-linked stocks to watch - Goldman Sachs' transformation

Times Square earlier this month. Noam Galai/Getty Images Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:From fintech competition to M&A plans, here's what analysts are interested in when JPMorgan reports Q1 earnings.Goldman Sachs has changed a lot under the leadership of David Solomon. Here's everything that's happened under his watch. Wedbush highlighted five crypto-linked stocks for those looking to make a be...
Tags: US, Trends, Slavoj Zizek, Goldman Sachs, Goldman, Gamestop, Bain Capital Ventures, Times Square, Jpmorgan, Wedbush, Reuters Barclays, DOMA, David Solomon, Danny Moloshok, Samantha Lee, Noam Galai Getty


Daily Crunch: Amazon beats back union push

Efforts to unionize an Amazon warehouse in Alabama appear to have failed, Facebook takes down fake review groups and a monkey plays Pong with its brain. This is your Daily Crunch for April 9, 2021. The big story: Amazon beats back union push Union organizers lost a much-publicized election at Amazon’s Bessemer, Alabama warehouse, with more than half of the 3,215 ballots cast ultimately voting against joining the Retail, Wholesale and Department Store Union. “It’s easy to predict the union will...
Tags: Google, Amazon, Facebook, Ecommerce, Elon Musk, UK, Softbank, Alabama, Tech, Policy, Austin, Gm, Quora, Union, Detroit, Cma


Building the right team for a billion-dollar startup

From building out Facebook’s first office in Austin to putting together most of Quora’s team, Bain Capital Ventures managing director Sarah Smith has done a bit of everything when it comes to hiring. At TechCrunch Early Stage, she spoke about how to ensure the critical early hires are the right ones to grow a business. As an investor at Bain Capital Ventures, Smith has a broad view into the problems that companies face as they search for the right candidate to spur organizational success. In our...
Tags: TC, Facebook, Events, Tech, Diversity, Austin, Quora, Smith, Hiring, Bain Capital Ventures, Sarah Smith, Startup Hiring, Early Stage 2021, EC How To, EC TechCrunch Early Stage, Bain Capital Ventures Smith


Angry Credit Suisse bankers - Top 100 early-stage investors - Future of proptech

Morning commuters walk on Wall Street in New York's financial district Reuters Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:Inside how senior employees at Credit Suisse are unhappy with the Swiss bank's leadership in the wake of the Archegos mess. Check out our upcoming webinar on everything you need to know about the future of proptech.Our list of the top 100 seed-stage investors. If you're not yet a subscri...
Tags: New York, US, Trends, Credit Suisse, Citigroup, Zurich, Forerunner Ventures, Bain Capital Ventures, Reuters, Revlon, Wikimedia Commons, DOMA, Michael Seibel, Reuters Hedge, Arnd Wiegmann, Sheel Mohnot


Don’t miss the Pitch Off today at TC Early Stage 2021

Ten global startups, three rounds of pitching, nine expert judges. It’s not the 12 Days of Startups (no robotic partridge in a pear tree here), it’s the TC Early Stage Pitch Off — otherwise known as day two of TC Early Stage 2021: Operations & Fundraising. Yesterday on day one, TC Early Stage was all about invaluable how-tos. Today, it moves into a full day of action. TechCrunch vetted hundreds of applications to pitch at Early Stage 2021. Now it’s finally time for the epic battle, as these 10 e...
Tags: Startups, Tech, Sequoia Capital, Bain Capital Ventures, Spark Capital, Sarah Smith, Marlon Nichols, Wen Hsieh, MaC Venture Capital, Neal Sáles Griffin, Leah Solivan, Ashley Barrington, MarketPearl, TC Early Stage 2021, EchoVC Partners, Stephanie Zahn


Daily Crunch: Facebook makes it easier to view a non-algorithmic News Feed

Facebook has some thoughts and updates about its News Feed, Siri gets some new voices and Tonal becomes a unicorn. This is your Daily Crunch for March 31, 2021. The big story: Facebook makes it easier to view a non-algorithmic News Feed Facebook highlighted features today that should make it easier for users to see a version of the News Feed that isn’t shaped by the company’s algorithms. These include a Favorites view that displays posts from up to 30 of your favorite friends and Pages, as well ...
Tags: Apple, Social, Facebook, Spotify, Siri, Tech, Policy, Nick Clegg, Donald Trump, Bain Capital Ventures, Deliveroo, NFT, Abel Tesfaye, Lara Trump, Daily Crunch, Merritt Hummer


Embedded procurement will make every company its own marketplace

Merritt Hummer Contributor Share on Twitter Merritt Hummer is a partner at Bain Capital Ventures, where she invests in the fintech, e-commerce and proptech sectors. In 2019, my colleague Matt Harris coined the term “embedded fintech” to describe how virtually all software-driven companies will soon embed financial services into their applications, from sending and receiving payments to enabling lending, insurance and banking s...
Tags: Ecommerce, Column, Finance, Tech, Payments, Financial Services, Bain Capital Ventures, Financial Technology, Procurement, Matt Harris, Business Management, Fresha, Merritt Hummer, EC Market Map, EC Column, EC Ecommerce and D2C


HYCU raises $87.5M to take on Rubrik and the rest in multi-cloud data backup and recovery

As more companies become ever more reliant on digital infrastructure for everyday work, the more they become major targets for malicious hackers — both trends accelerated by the pandemic — and that is leading to an ever-greater need for IT and security departments to find ways of protecting data should it become compromised. Today, one of the companies that has emerged as a strong player in data backup and recovery is announcing its first major round of funding. HYCU, which provides multi-cloud ...
Tags: Cloud, Enterprise, Boston, Funding, Tech, Symantec, Taylor, Data Recovery, Rubrik, Bain Capital Ventures, Bain, Veritas, Simon Taylor, Data Backup, Enrique Salem, Stefan Cohen


Extra Crunch roundup: Clubhouse UX teardown, YC Demo Day favorites, proptech VC survey, more

Since the pandemic began, I have been pushing the limits of my imagination to try to picture what cities will look and feel like in the coming years. If your town looks like San Francisco, where I live, it’s a pressing question: Our once-bustling financial district is a ghost town, but even in outer neighborhoods, the number of vacant storefronts is unsettling. People are starting to emerge after sheltering in place for a year, but we are a long way from fully restoring our shared spaces. What’s...
Tags: Google, Startups, TC, Transportation, Y Combinator, Real Estate, Microsoft, Ipo, Israel, San Francisco, Tech, Hungary, Middle East, Venture Capital, Vr, Silicon Valley


The return of neighborhood retail and other surprising real estate trends

The pandemic made remote work and on-demand delivery normal far faster than anyone expected. Today, as the world beings to emerge from the pandemic, location doesn’t matter like it did a year ago. As shocking as it sounds, we could be entering a much better era for small, local businesses. Modern society produced superstar cities filled with skyscraper office and residential buildings. Now, the populations that once thrived in these urban centers are deciding how to repurpose ...
Tags: Amazon, TC, Real Estate, New York, Small Business, San Francisco, Tech, Eu, Retail, Miami, Airbnb, Smart Cities, Shopify, Bain Capital Ventures, Commercial Real Estate, Initialized Capital


10 proptech investors see better era for residential and retail after pandemic

The pandemic made the internet a lifeline for shopping, earning a living and maintaining personal relationships. Now, as lockdowns start to lift, the real estate industry has to figure out what that means. Seeking answers, I surveyed the people who are betting on the biggest and most surprising changes in the sector — proptech investors. While landlords and their lenders may hope for a return to the past, proptech investors are focused on where the notion of place is going in the future. I have ...
Tags: TC, Real Estate, New York, Tech, Austin, Bain Capital Ventures, MetaProp, Shaun Abrahamson, Camber Creek, Zach Aarons, Roofstock, Dreamit, Andrew Ackerman, Casey Berman, Urban.us, Picus Capital


No taxation without innovation: The rise of tax startups

Ashley Paston Contributor Share on Twitter Ashley Paston is an investor at Bain Capital Ventures, where she invests primarily in financial technology and services companies.  More posts by this contributor Startups are poised to disrupt the $14B title insurance industry In New York City, if you order a toasted bagel with cream cheese at a deli, you have to pay sales tax. Ask for that same bagel unprep...
Tags: Amazon, Startups, TC, Ecommerce, Column, Supreme Court, Etsy, Colorado, Finance, New York City, Tech, Tax, E-commerce, South Dakota, Illinois, Bain Capital Ventures


Hi Marley raises $25M to fund its AI-powered communication platform for the insurance industry

If you’ve ever had to file a claim with your insurance company, you know that it’s not exactly fun. Often, you’re on hold indefinitely waiting to speak to a live person. And if you’ve ever had to file an auto or home insurance claim, you know that all the back and forth with your carrier and the various vendors can take up so much time. Hi Marley is a Boston startup that has set out to modernize communications in the insurance space by giving carriers a way to “seamlessly” communicate with th...
Tags: Startups, TC, Boston, Funding, Insurance, Tech, Sms, Artificial Intelligence, Venture Capital, Marley, True Ventures, Bain Capital Ventures, Emergence Capital, Mike, Ritter, Greene


BlockFi lands a $350M Series D at a $3B valuation for its fast-growing crypto-lending platform

If there were any doubt about a cryptocurrency boom, we need look no further than at the explosion of growth of certain companies in the space. One such company is BlockFi , which today announced it has closed on a massive $350 million Series D funding that values it at $3 billion. While this news in and of itself is certainly attention-getting, it’s even more impressive when you consider the startup just raised a $50 million Series C last August at a $450 million valuation. The latest...
Tags: Europe, London, Singapore, Tech, Bitcoin, Prince, Bain Capital, Btc, Bain Capital Ventures, Valar Ventures, Cohen, SVP, Marquez, APAC, JERSEY CITY New Jersey, Bitcoin Ethereum


Announcing the Early Stage Pitch-Off Judges

TechCrunch Early Stage is coming around the corner fast, April 1 & 2nd. And you still have a chance to pitch your startup on the famous TC stage to an amazing line up of judges. On April 2nd, TechCrunch will feature ten top startups across the globe at the Early Stage Pitch Off. Companies will garner the attention of press and investors worldwide. Founders – apply here by March 9th. The pitch-off will consist of a 5 minute presentation followed by a Q&A with our expert panel of judges. The top t...
Tags: TC, Hong Kong, America, Tech, Chicago, Beijing, Lucy, Sarah, Kleiner Perkins, Bain Capital Ventures, Intel Capital, Sequoia, Paperless Post, Sarah Smith, Neal, Bucky


Bain’s Sarah Smith, former head of HR at Quora, will share the recruiting playbook at Early Stage

If you’re a startup that’s worried about building your team today for tomorrow’s successes you’re not going to want to miss our session with Bain Capital Ventures’ Sarah Smith at TechCrunch Early Stage on April 1 & 2. The current Bain Capital Ventures partner who invests in early to mid-stage companies saw what it was like to grow a startup business firsthand as the vice president of human resources at Quora, a position she held from 2012 to 2016. While at Quora, Sarah built the HR and operation...
Tags: Startups, TC, Tech, Quora, Smith, Bain Capital Ventures, Bain, Sarah Smith, Calendly, Quora Sarah, Tope Awotona, Kleiner Perkins Bucky Moore, EC Perks Program