Investor · 1 deal
Boston, OS
Every published round Bain Capital took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Fluent Commerce | Unnamed stage | 19 Feb 2026 | $46m | Lead | Startup Daily, SmartCompany (20 Feb 2026), SmartCompany (17 Feb 2026), fluentcommerce.com |
Companies Bain Capital has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Fluent Commerce | Provider of AI-powered retail order management software that helps retailers track invent… | 19 Feb 2026 | 1 | 1 |
Fund closes reported for Bain Capital, as distinct from the investments it has made.
Companies Bain Capital has backed that another company then bought. An exit for the holding, not a deal Bain Capital did.
| Name | Role | Sources |
|---|---|---|
| Mike Murphy | Senior Partner | AFR Technology, Forbes Australia |
| Paul Kennedy | Partner | SmartCompany, fluentcommerce.com |
Stories naming Bain Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Bain Capital, advised by Lazard banker Campbell Ray, is readying a bid for clinical trials provider Nucleus Network, which current owner Blackstone has listed for sale at a hoped $1 billion.
Roundup of the week's Australian startup funding: fresh raises for five companies, Startmate's Summer '26 accelerator intake of 19 startups, and Affinda's acquisition of Pathfindr.
Also Startup Daily
Sydney order management firm Fluent Commerce has secured $46 million in a Bain Capital-led round to advance its AI ambitions, nearly seven years after a $33 million Series B.
Order management software firm Fluent Commerce has landed A$46 million from Bain Capital, money earmarked for AI features, the Fluent Connect platform, customer wins and overseas growth; Neu Capital advised on the deal.
Bain Capital's Mike Murphy recounts transforming Virgin Australia from its 2020 administration buyout to an ASX re-listing, detailing cost cuts, fleet reductions, Qatar Airways' stake and the firm's plans to sell down its holding.
A year-end countdown of 2023's twenty largest agtech funding rounds, from biofuels and carbon marketplaces to farm robotics, with EcoCeres' $400 million raise at the top.
Also AgFunderNews