Bain Capital Ventures

8 stories
Techstars grad makes good
Getting from A to B: EverTrue CEO Brent Grinna on what it takes
From left: Brian Goldsmith of Bain Capital Ventures, co-founder
Eric Carlstrom (back row, white shirt), CFO Niall Hawkins, COO
Elisabeth Carpenter, CEO
Brent Grinna, VP of Product
Matt Sly, and
Mike Krupka of Bain Capital Ventures.
EverTrue, a startup that helps universities and prep schools connect with and raise money from alums, is announcing that it has raised some more cash of its own today. Bain Capital Ventures is leading an $8 million round of funding for the Boston company. That brings the total amount EverTrue has raised to $14.5 million. I asked founder and CEO Brent Grinna about what he thought were the keys to getting from its first major round of funding (often known as a Series A round) in March of 2013 to this second round (the B round) just about 18 months later. Read More
Regulators examining 'Uber for manicures'
Office manicure startup Manicube under scrutiny from Mass. regulators
Photo courtesy Manicube.
Does it violate Massachusetts regulations to have your nails painted in an empty conference room at work? A startup that dispatches manicurists to offices in Boston, New York, and Chicago is attracting scrutiny from the Massachusetts board that licenses cosmetologists and nail salons. At issue: whether it's kosher for Manhattan-based Manicube to offer manicures outside of a licensed nail salon. This is the latest tussle between regulators and a startup taking a new approach to an established industry, similar to Uber in transportation or Airbnb in hospitality. Read More
I/O
Jeff Glass leaving Skyhook; Jim Crowley to be CEO
Jeff Glass (left) and Jim Crowley (right)
Boston tech veteran Jeff Glass is stepping down from his role as chief executive at wireless positioning innovator Skyhook Wireless. He will stay on as a member of the company's advisory board. In a company blog post, Skyhook also announced that Jim Crowley, who has been the president of Skyhook under Glass's tenure, will be stepping into the role of chief executive officer. Read More
Outside Influence
Boston’s top VC dealmakers in Q2
(Shutterstock)

This week Charles River Ventures, now known as CRV, announced that its new fund would make Silicon Valley the priority, formalizing a shift westward that has been going on for a few years now.

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VC upswing continues

More evidence that fundraising for venture capital firms is on the rebound: Boston-based Bain Capital Ventures has disclosed in regulatory filings it has closed on $850 million in new funds, two-and-a-half years after raising a $600 million fund (which had been its largest fund yet at the time). The main fund totals $650 million, taking the title of Bain Capital Ventures' biggest fund to date, while a separate “coinvestment fund” comes in at $200 million, according to the filings with the US Securities and Exchange Commission.

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