Bain Capital is an alternative investment firm located in Boston, MA. The company was established in 1984 and since then has invested (and divested) a considerable amount of money into various businesses ranging from DocuSign to SurveyMonkey.
The company has two private equity subsidiaries, Bain Capital Private Equity and Bain Capital Ventures, which as of June 2020 manage a total of $105 billion in assets.
Private equity and venture firms, such as Bain Capital, usually aim to sell portfolio companies four to six years after investing in them. Here are five of the company’s notable holdings as of June 2020.
Acorns is a robo-advisor that seeks to remove common barriers preventing people from investing. By allowing users to invest small amounts and spare change through micro-investing on its digital platform, Acorns makes investing more approachable. The Irvine, Calif.–based company has expanded since it was founded in 2014, now offering retirement savings accounts and debit cards in addition to its original product.
In Jan. 2019, Bain Capital invested $105 million in Acorns as part of a Series E funding round. This gave Acorns a valuation of $860 million and moved it ahead of competitor Betterment, which was valued at $800 million during its last round of funding in July 2017.
In January 2019, Bain Capital signs a deal to acquire an undisclosed majority stake in this digital technology consulting and solutions company.
Santa Clara, California-based Brillio was founded in 2014 with the focus of helping companies manage and execute “digital transformation” by way of upgrading to more modernized solutions. This includes user experience design, digital applications, big data analytics, cloud technology, security solutions, and digital engineering.7 Notable clients include Move Inc., Eventbrite and Verizon
In 2014, Bain Capital bought a majority ownership position in Lionbridge Capital. Although the company was worth an estimated $157 million at the time, no information on how much money Bain paid has been released. Lionbridge is Chinese and focuses on providing financing to small to mid-size enterprises that have liquidity issues. The industries it covers are logistics, medical machinery, agricultural equipment, and heavy manufacturing.
SigFig, founded in 2007, is a robo-advisor and wealth management solution based in San Francisco. It strives to improve the retail investment industry by providing investment platforms that mix automation with human expertise. These are available for both individual and enterprise customers.
In 2013, SigFig raised $15 million in a Series B funding round from three venture capital firms, including Bain Capital. Since then, SigFig has gone on to raise more money, including $50 million in equity financing in June 2018.
If you work in the financial industry, Venminder can help you manage risk by vetting vendors, collecting documents, reviewing contracts, and providing cybersecurity and compliance monitoring. Its clients include banks, credit unions, brokerage firms, securities firms…etc.
Bain Capital has invested in Venminder, Elizabethtown, Ky.-based company since 2013 with rounds of funding in 2016, 2018 and 2019. The initial investment funded the company’s launch as well as further market research.