Bain Capital Credit

ActiveVenture Capital

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Updated: Jan 22, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Aug 1, 2024	Seeq	$50.0M Series D	—	Accel, Bain Capital, Cisco Investments, Company Capital, Insight Partners, Lakestar, Propel Venture Partners, Saudi Aramco Energy Ventures, Sixth Street
Jun 1, 2022	SumUp	$620.0M Venture Round	—	Accel, Bain Capital, Company Capital, Lakestar, Propel Venture Partners, Sixth Street
Feb 1, 2022	Swoogo	$20.0M Series B	—	—
Nov 1, 2017	Robin Care	$3.0M Venture Round	—	7percent Ventures, Accel, Acequia Capital, Andreessen Horowitz, Anorak Ventures, Audrey Capital, Coatue, Founder Collective, Freestyle Capital, LAUNCH, Liquid 2 Ventures, Matrix, Pathbreaker Ventures, Susa Ventures, Uncork Capital, UpHonest Capital, Zinc, Gautam Shah, John Collison, Louis Beryl, Matt Mazzeo, Samvit Ramadurgam
Nov 1, 2016	SendGrid	$33.0M Series D	—	Acequia Capital, Andreessen Horowitz, Audrey Capital, Bain Capital Ventures, Bessemer Venture Partners, Chemistry VC, Founder Collective, Founders Circle Capital, Foundry Group, Freestyle Capital, Hyde Park Venture Partners, K2 Global, K9 Ventures, Kapor Capital, Koch Fund, LAUNCH, Lowercarbon Capital, Meritech Capital Partners, Scott Sandell, NextGen Venture Partners, Norwest Venture Partners, Practical Venture Capital, Redpoint Ventures, Shasta Ventures, Techstars, Trucks Venture Capital, Uncork Capital, Union Square Ventures, Zinc, Evan Williams, Matt Mazzeo, Will Herman
Nov 1, 2016	SimplyCredit	$5.0M Series A	—	Accel, Bain Capital, Company Capital, Lakestar, Propel Venture Partners, Sixth Street
Jul 1, 2016	Codecademy	$30.0M Series C	—	Acequia Capital, American Express Ventures, Audrey Capital, First Round Capital, Flybridge Capital Partners, Foundation Capital, Founder Collective, Freestyle Capital, LAUNCH, Lazerow Ventures, Revolution, SV Angel, Uncork Capital, Zinc, Jean Case, Matt Mazzeo, Roger Ehrenberg, Tom Blaisdell
May 1, 2016	BigCommerce	$30.0M Series E	—	Accel, Ambridge Capital, Bain Capital, Barrel Ventures, Chicago Ventures, Company Capital, Curie.Bio, FirstMark Capital, FJ Labs, Gradient Ventures, Lakestar, Montage Ventures, Notable Capital, Operator Partners, Propel Venture Partners, Sixth Street, Christian Reber, Lucas Cranach, Martin Sinner, Vivek Garipalli
Nov 1, 2014	BigCommerce	$55.0M Series D	—	468 Capital, Accel, Bain Capital, Barrel Ventures, Brainchild, Chicago Ventures, Company Capital, CRV, FJ Labs, Founder Collective, FTX Ventures, General Catalyst, Grotech Ventures, IDG Ventures, Lakestar, Lightspeed Venture Partners, Montage Ventures, Notable Capital, Propeller VC, Propel Venture Partners, Revolution, Alexander Rosen, Sequoia Capital, Sixth Street, Solana Ventures, Telstra Ventures, The General Partnership, Tribe Capital, Dafina Toncheva, Dharmesh Shah, Jean Case, Jeff Seibert, Marcus Bartram, Mike Volpe, Wayne Chang
Jul 1, 2014	Threadflip	$13.0M Series B	—	Acequia Capital, Audrey Capital, Bullpen Capital, Emergence Capital, Founder Collective, Foundry Group, Freestyle Capital, General Catalyst, Greylock, LAUNCH, NEO, Norwest Venture Partners, RRE Ventures, Shasta Ventures, Uncork Capital, Upside Partnership, Zinc, Hadi Partovi, Rich Miner
Jun 1, 2013	Enfore	$38.0M Series A	—	Accel, AME Cloud Ventures, Andreessen Horowitz, Bain Capital, Company Capital, Hardware Club, INKEF Capital, Lakestar, Lux Capital, Mosaic Ventures, Propel Venture Partners, Sixth Street, Union Square Ventures
Jun 1, 2012	Codecademy	$10.0M Series B	—	Acequia Capital, Audrey Capital, Comal Ventures, DST Global, Founder Collective, FPV Fund, Freestyle Capital, LAUNCH, Leadout Capital, Locus Ventures, Jonathan Golden, Revolution, Uncork Capital, UP.Partners, Zinc, Bobby Goodlatte, Jean Case, Kenny Van Zant, Matt Mazzeo, Tikhon Bernstam, Yishan Wong
Jan 1, 2012	SendGrid	$22.0M Series B	—	10100, 2xN, Kevin Hartz, Acequia Capital, ACME Capital, Andreessen Horowitz, Atomic, Audrey Capital, Benchmark, Bessemer Venture Partners, Chemistry VC, Cota Capital, Craft Ventures, Matt Ocko, Zachary Bogue, ENIAC Ventures, Expa, First Round Capital, Founder Collective, Founders Circle Capital, Foundry Group, Freestyle Capital, General Atlantic, Graph Ventures, David Krane, M.G. Siegler, High Alpha, Innovation Endeavors, Shawn Modarresi, K2 Global, K9 Ventures, Kapor Capital, Kleiner Perkins, Koch Fund, LAUNCH, Lead Edge Capital, Long Journey Ventures, Lowercarbon Capital, Menlo Ventures, Meritech Capital Partners, NextGen Venture Partners, Norwest Venture Partners, Pelion Venture Partners, Practical Venture Capital, Redpoint Ventures, Sequoia Capital, Shasta Ventures, Structure Capital, Summit Partners, Techstars, The Hit Forge, Trucks Venture Capital, Uncork Capital, Union Square Ventures, Vayner RSE, Zinc, Babak Nivi, Bill Ackman, Bo Peabody, Evan Williams, Jay Z, Jeff Bezos, Jeremy Stoppelman, JOHN FANNING, John Kobs, Josh Spear, Khaled Helioui, Matt Mazzeo, Megan Quinn, MG Siegler, Scott Banister, Scott Belsky, Shervin Pishevar, Troy Carter, Will Herman
Jul 1, 2011	True Fit	$4.0M Seed	—	Acequia Capital, Audrey Capital, Founder Collective, Freestyle Capital, LAUNCH, Uncork Capital, Zinc, Matt Mazzeo
Apr 1, 2011	True Fit	$2.0M Seed	—	Acequia Capital, Audrey Capital, Founder Collective, Freestyle Capital, LAUNCH, Uncork Capital, Zinc, Matt Mazzeo
Nov 1, 2010	Evo.com	$6.0M Series B	—	Accel, Acequia Capital, Acrew Capital, Audrey Capital, Brand Foundry Ventures, Forerunner Ventures, Founder Collective, Freestyle Capital, Grace Beauty Capital, Harrison Metal, LAUNCH, Lerer Hippeau, Lightspeed Venture Partners, Offline Ventures, Slow Ventures, The General Partnership, Uncork Capital, Vayner RSE, Zinc, Matt Mazzeo
Sep 1, 2010	Divide	$2.0M Seed	—	Acequia Capital, Atomic, Audrey Capital, Comcast Ventures, First Round Capital, Founder Collective, Freestyle Capital, Great Oaks Venture Capital, LAUNCH, Primary Venture Partners, Uncork Capital, Zinc, Matt Mazzeo
Apr 1, 2010	SendGrid	$5.0M Series A	—	10100, 2xN, Kevin Hartz, Acequia Capital, ACME Capital, Atomic, Audrey Capital, Benchmark, Cota Capital, Craft Ventures, Matt Ocko, Zachary Bogue, ENIAC Ventures, Expa, First Round Capital, Founder Collective, Foundry Group, Freestyle Capital, General Atlantic, Graph Ventures, David Krane, M.G. Siegler, High Alpha, Innovation Endeavors, Shawn Modarresi, K2 Global, Kapor Capital, Kleiner Perkins, LAUNCH, Lead Edge Capital, Long Journey Ventures, Lowercarbon Capital, Menlo Ventures, NextGen Venture Partners, Pelion Venture Partners, Sequoia Capital, Structure Capital, Summit Partners, Techstars, The Hit Forge, True Ventures, Uncork Capital, Vayner RSE, Zinc, Babak Nivi, Bill Ackman, Bo Peabody, Jay Z, Jeff Bezos, Jeremy Stoppelman, JOHN FANNING, John Kobs, Josh Spear, Khaled Helioui, Matt Mazzeo, Megan Quinn, MG Siegler, Scott Banister, Scott Belsky, Shervin Pishevar, Troy Carter, Will Herman
Dec 1, 2009	SendGrid	$750K Series A	—	10100, 2xN, Kevin Hartz, Acequia Capital, ACME Capital, Atomic, Audrey Capital, Benchmark, Cota Capital, Craft Ventures, Matt Ocko, Zachary Bogue, ENIAC Ventures, Expa, First Round Capital, Founder Collective, Freestyle Capital, General Atlantic, Graph Ventures, David Krane, M.G. Siegler, High Alpha, Innovation Endeavors, Shawn Modarresi, K2 Global, Kapor Capital, Kleiner Perkins, LAUNCH, Lead Edge Capital, Long Journey Ventures, Lowercarbon Capital, Menlo Ventures, NextGen Venture Partners, Pelion Venture Partners, Sequoia Capital, Structure Capital, Summit Partners, Techstars, The Hit Forge, Uncork Capital, Vayner RSE, Zinc, Babak Nivi, Bill Ackman, Bo Peabody, Jay Z, Jeff Bezos, Jeremy Stoppelman, JOHN FANNING, John Kobs, Josh Spear, Khaled Helioui, Matt Mazzeo, Megan Quinn, MG Siegler, Scott Banister, Scott Belsky, Shervin Pishevar, Troy Carter

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Bain Capital Credit.

Tomas Moreno de Guerra

Director, Investor Relations

Leadership Team

Key people at Bain Capital Credit.

Tomas Moreno de Guerra

Director, Investor Relations

Deep Dive

High-Level Overview

Bain Capital Credit is a leading global credit investment firm specializing in credit and fixed-income strategies, managing approximately $54 billion in assets. Its mission is to deliver current income and favorable risk-adjusted returns primarily through directly originated debt investments in middle market companies. The firm invests across the credit spectrum, including leveraged loans, high-yield bonds, distressed securities, mezzanine debt, and structured products. Bain Capital Credit serves middle market businesses across North America, Europe, and Asia Pacific, providing flexible private credit solutions that support refinancing, leveraged buyouts, and acquisitions. Its impact on the startup ecosystem is indirect but significant, as it provides critical debt financing that enables growth and operational scaling for companies beyond early-stage venture capital[1][3][4].

Origin Story

Founded in 1998 originally as Sankaty Advisors, Bain Capital Credit evolved as the credit affiliate of Bain Capital, a private investment firm established in 1984 by former Bain & Company consultants. The firm initially focused on collateralized loan obligations (CLOs) and mid-market lending, expanding over time to include a broad range of credit strategies such as distressed debt and multi-strategy credit investments. Key partners include Jonathan Lavine, co-founder and CIO, who brought a consulting and credit analysis background to the firm. The evolution of Bain Capital Credit reflects a strategic expansion from niche credit products to a comprehensive global credit platform with deep industry expertise and a flexible investment approach[1][2][5].

Core Differentiators

Unique Investment Model: Focus on directly originated debt investments in middle market companies, blending senior secured loans with selective junior capital to optimize yield and risk.
Network Strength: Leverages the broader Bain Capital platform, combining financial acumen with operational expertise from Bain’s consulting heritage.
Track Record: Over 25 years of experience with more than $30 billion invested across 565 portfolio companies, demonstrating strong credit performance and diversified exposure.
Operating Support: Industry specialists conduct rigorous credit analysis focusing on sector health, competitive dynamics, and cash flow quality, ensuring disciplined investment decisions.
Global Reach: Dedicated teams in North America, Europe, and Asia provide comprehensive coverage and sourcing capabilities across geographies[1][3][4][5].

Role in the Broader Tech Landscape

Bain Capital Credit rides the trend of increasing demand for private credit as an alternative to traditional bank financing, especially for middle market companies that require flexible, non-dilutive capital. The timing is favorable due to tightening bank regulations and the growth of private debt markets globally. By providing tailored credit solutions, Bain Capital Credit supports the broader ecosystem by enabling companies to pursue growth initiatives, acquisitions, and operational improvements without immediate equity dilution. This role complements venture capital and private equity by addressing the financing needs of companies in later stages or those requiring complex capital structures, thus influencing the broader investment and innovation landscape[1][4][5].

Quick Take & Future Outlook

Looking ahead, Bain Capital Credit is positioned to expand its footprint in private credit markets, leveraging its deep sector expertise and global platform to capitalize on evolving market conditions. Trends such as rising interest rates, regulatory shifts, and increased demand for bespoke credit solutions will shape its investment strategy. The firm’s ability to provide flexible capital across the credit spectrum will likely enhance its influence, enabling it to support a wider range of companies through economic cycles. As private credit continues to grow as a vital component of corporate financing, Bain Capital Credit’s role as a trusted lender and investor is expected to strengthen, reinforcing its position within the broader Bain Capital ecosystem and the global financial markets[1][3][5].

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: Focus on directly originated debt investments in middle market companies, blending senior secured loans with selective junior capital to optimize yield and risk.
Network Strength: Leverages the broader Bain Capital platform, combining financial acumen with operational expertise from Bain’s consulting heritage.
Track Record: Over 25 years of experience with more than $30 billion invested across 565 portfolio companies, demonstrating strong credit performance and diversified exposure.
Operating Support: Industry specialists conduct rigorous credit analysis focusing on sector health, competitive dynamics, and cash flow quality, ensuring disciplined investment decisions.
Global Reach: Dedicated teams in North America, Europe, and Asia provide comprehensive coverage and sourcing capabilities across geographies[1][3][4][5].