Bain raises $525 million for new venture fund
BERLIN |
BERLIN (Reuters) - Bain Capital Ventures, the venture capital arm of private equity firm Bain Capital, has raised $525 million for a new venture fund, a source familiar with the situation said on Monday.
It is the fourth venture fund that Boston-based Bain has raised, and is slightly higher than the previous fund of $500 million.
Bain Capital Ventures has about $1.5 billion in assets under management and has made investments in companies including DoubleClick and Shopping.com.
It has started investing the most recent fund. One of its investments included buying $12 million preferred stock of public company filing business Edgar Online (EDGR.O).
(Editing by Maureen Bavdek)
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