Investor · 1 deal
Boston
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 (Fri 20 Feb 2026), SmartCompany (Tue 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 | 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
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
Weekly roundup covering ANZ trade sales including A Cloud Guru's multibillion-dollar sale, several Australian raises, Tenacious Ventures' agritech fund close, Xero and Cochlear appointments, and global deals such as Etsy buying Depop.
Also SmartCompany
Daily roundup noting Babel Finance's US$40 million Series A and Malcolm Turnbull backing Cado Security's US$10 million Series A, alongside Peloton earnings, Afterpay's share slide and Gravity Industries' marine jet suit trials.
Also SmartCompany
Shareholder votes appear sufficient to approve KKR's roughly $2 billion takeover of the accounting software firm, with big holders Manikay and Bain Capital backing the deal, ending its years on the exchange.