The Bain Capital Mafia

By
khanak
Published
October 10, 2024

Bain Capital was founded in 1984 by Mitt Romney, T. Coleman Andrews III, and Eric Kriss as an offshoot of Bain & Company, a prominent management consulting firm. Initially focused on leveraged buyouts, Bain Capital quickly established itself as a leader in private equity. Over the years, the firm expanded its investment strategies to include venture capital, growth equity, credit, public equity, impact investing, and real estate.

Today, Bain Capital manages over $155 billion in assets across a diverse range of sectors and geographies, including technology, healthcare, consumer products, financial services, and industrials. With a strong global presence and offices in North America, Europe, Asia, and Australia, the firm works closely with portfolio companies to drive growth and operational improvements. Bain Capital emphasizes long-term value creation and integrates environmental, social, and governance (ESG) factors into its investment process, aiming to generate positive societal impact alongside financial returns.

From its origins as a small offshoot of a consulting firm, Bain Capital has grown into a global powerhouse in the investment world, renowned for its strategic approach and significant contributions to the private equity landscape.

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Mitt Romney

The Bain Capital Maia:
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The Bain Capital Mafia has founded 46 companies and raised $2.4B.

PS: Are you a Bain Capital Mafia member interested in bringing your community together to invest in innovative ventures (and enjoy potential profits and other perks along the way)? Or perhaps you're part of another dynamic group that could be a fantastic source of startup investments?

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List of all the amazing companies covered:

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  • Sunstone Partners
  • Sorenson Capital
  • Capsule
  • Radian Capital
  • Astroscale
  • At-Bay
  • CircleUp
  • Aiolos Bio
  • 1955 Capital
  • Selina Finance
  • Collective Medical Technologies
  • Casper Labs
  • Clarity AI
  • Circles.Life
  • Culdesac
  • Expert360
  • CommandBar
  • Cann
  • B2C2
  • FreeWill
  • Proven Skincare
  • Elastio Software
  • LifCare
  • Kiwoko / Tansley
  • Rize
  • Reku
  • Audicus
  • Proper Food
  • PV01
  • Mural Health
  • Tenure Health
  • Exavir Therapeutics
  • Wiser Solutions
  • True&Co
  • Naya Homes
  • Ohza
  • Prograd
  • Shelterluv
  • Every Mother
  • Apli
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    Sunstone Partners

    Founder: John Moragne

    Bain Role: Principal

    Capital Raised: $1.7B

    Investors: β€”

    Stage: Private Equity

    Sunstone Partners is a new investment fund focused on growth equity investments.

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    Sorenson Capital

    Founder: Fraser Bullock, Ron Mika

    Bain Role: Partner

    Capital Raised: $1.6B

    Investors: β€”

    Stage: Early Stage Venture, Late Stage Venture

    Sorenson Capital is a venture capital firm that invests in early and growth-stage B2B software companies.

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    Capsule

    Founder: Eric Kinariwala

    Bain Role: Analyst

    Capital Raised: $570M

    Investors: Thrive Capital

    Stage: Series D

    Capsule is a healthcare technology business rebuilding the pharmacy from the inside out.

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    Radian Capital

    Founder: Weston Gaddy

    Bain Role: Investor

    Capital Raised: $450M

    Investors: β€”

    Stage: Venture Capital

    Radian Capital is a growth equity firm that invests in business to business software and services companies.

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    Astroscale

    Founder: Nobu Okada

    Bain Role: Vice President

    Capital Raised: $396.8M

    Investors: THE FUND Limited Partnership

    Stage: Series G

    Astroscale provides on-orbit services to create sustainable space systems and mitigate the buildup of debris in space.

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    At-Bay

    Founder: Roman Itskovic

    Bain Role: Senior Associate

    Capital Raised: $295.7M

    Investors: Lightspeed Venture Partners

    Stage: Venture - Series Unknown

    At-Bay is a cybersecurity insurance company that provides businesses meet digital risk.

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    CircleUp

    Founder: Ryan Caldbeck

    Bain Role: Summer Associate Private Equity Group

    Capital Raised: $253M

    Investors: Union Square Ventures

    Stage: Debt Financing

    CircleUp is an investment platform that provides capital and resources to innovative, early-stage consumer brands.

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    Aiolos Bio

    Founder: Tapan Maniar

    Bain Role: Principal

    Capital Raised: $245M

    Investors: Forbion Capital Partner

    Stage: Series A

    Aiolos Bio is a biotech company developing innovative therapies for respiratory diseases and immune conditions.

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    1955 Capital

    Founder: Andrew Chung

    Bain Role: Private Equity

    Capital Raised: $200M

    Investors: β€”

    Stage: Venture Capital

    1955 Capital invest in advanced technologies from the Americas and Europe to solve pressing problems in developing countries.

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    Selina Finance

    Founder: Hubert Fenwick

    Bain Role: Private Equity Associate

    Capital Raised: $203.5M

    Investors: Global Founders Capital

    Stage: Debt Financing

    Selina Finance provides loans to small and medium businesses in the form of flexible credit facilities.

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    Clarity AI

    Founder: Rebeca Minguela

    Bain Role: Senior Associate

    Capital Raised: $80M

    Investors: Founders Fund

    Stage: Venture Round

    Clarity AI is a sustainability technology platform that uses machine learning to deliver environmental and social insights to investors.

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    Circles.Life

    Founder: Abhishek Gupta

    Bain Role: Associate

    Capital Raised: $50M

    Investors: Founders Fund

    Stage: Venture - Series Unknown

    Circles.Life is a digital telecommunications and lifestyle services provider, with presence in Singapore, Australia, India and Taiwan.

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    Casper Labs

    Founder: Mrinal Manohar

    Bain Role: Associate

    Capital Raised: $48.6M

    Investors: Evangelion Capital

    Stage: Venture - Series Unknown

    Casper Labs delivers applications and services that drive revenue and radical efficiency for companies and governments.

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    Collective Medical Technologies

    Founder: Chris Klomp

    Bain Role: Vice President, North American Private Equity

    Capital Raised: $47.5M

    Investors: Bessemer Venture Partners

    Stage: Series A

    Collective Medical Technologies is a Salt Lake City-based health technology company.

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    Culdesac

    Founder: Ryan Johnson

    Bain Role: North America Private Equity

    Capital Raised: $40M

    Investors: Founders Fund

    Stage: Series A

    Culdesac reimagines cities for people, not cars.

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    B2C2

    Founder: Max Boonen

    Bain Role: Summer Analyst

    Capital Raised: $37.9M

    Investors: SBI Group

    Stage: Debt Financing

    B2C2 is the trading firm of choice in the institutional crypto markets.

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    Cann

    Founder: Jake Bullock

    Bain Role: Associate

    Capital Raised: $32M

    Investors: Imaginary Ventures

    Stage: Series A

    Cann is a provider of low dose tetrahydrocannabinol (THC) beverage used to offer all-natural flavor drinks.

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    FreeWill

    Founder: Jennifer Xia Spradling

    Bain Role: Private Equity Associate

    Capital Raised: $30M

    Investors: Pear VC

    Stage: Series B

    FreeWill offers philanthropy and estate planning tools for donors and fundraisers to donate simpler.

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    Expert360

    Founder: Bridget Loudon

    Bain Role: Project Consultant

    Capital Raised: $26.1M

    Investors: Airtree Ventures

    Stage: Series C

    Expert360 Marketplace empowers thousands of organizations to build, scale, and manage flexible, on-demand workforces.

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    CommandBar

    Founder: James Evans

    Bain Role: Private Equity Analyst

    Capital Raised: $23.8M

    Investors: BoxGroup

    Stage: Series A

    User Assistance Platform that helps product, growth, and CX teams unleash their users with AI chat and in-product nudges.

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    Proven Skincare

    Founder: Ming S. Zhao

    Bain Role: Private Equity Associate

    Capital Raised: $18.2M

    Investors: Y Combinator

    Stage: Series A

    Proven Skincare is a skincare company that provides users with scientific, clean, and specifically effective products.

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    Elastio Software

    Founder: Najaf Husain

    Bain Role: Entrepreneur and Investor

    Capital Raised: $18M

    Investors: Bain Capital Ventures

    Stage: Series A

    Elastio's modern data protection platform reduces operational risks in the cloud caused by ransomware, application failures, and mistakes.

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    LifCare

    Founder: Krishna Killa

    Bain Role: Associate

    Capital Raised: $17M

    Investors: Elevation Capital

    Stage: Series B

    LifeCare is India's 1st Subscription Pharmacy for chronic patients.

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    Kiwoko / Tansley

    Founder: Javi Osa

    Bain Role: Summer Associate

    Capital Raised: $16.17M (€15M)

    Investors: Meridia Capital

    Stage: Private Equity

    Kiwoko is a chain of pet care specialty retail stores.

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    Rize

    Founder: Justin Howell

    Bain Role: Associate

    Capital Raised: $13.4M

    Investors: Alpha Edison

    Stage: Series A

    Rize creates customer-centric financial solutions for Fintechs, incumbents, and non-financial brands.

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    Audicus

    Founder: Patrick Freuler

    Bain Role: Associate

    Capital Raised: $11.7M

    Investors: β€”

    Stage: Series A

    Audicus is an e-commerce startup that offers high-tech, affordable hearing aids online.

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    Reku

    Founder: Jesse Choi

    Bain Role: Private Equity Investor

    Capital Raised: $11M

    Investors: AC Ventures

    Stage: Series A

    Rekeningku is an app-based platform for cryptocurrency financial services.

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    Proper Food

    Founder: Dana Bloom

    Bain Role: Associate

    Capital Raised: $9.6M

    Investors: β€”

    Stage: Debt Financing

    Proper Food is a new fast-casual food and beverage concept offering delicious, wholesome, grab-and-go fare, designed for the food savvy.

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    PV01

    Founder: Max Boonen

    Bain Role: Summer Analyst

    Capital Raised: $9M

    Investors: Tioga Capital Partners

    Stage: Venture - Series Unknown

    PV01 provides more efficient debt capital markets for traditional and digital assets.

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    Mural Health

    Founder: Jason Dong

    Bain Role: PE

    Capital Raised: $8M

    Investors: Bessemer Venture Partners

    Stage: Seed

    Mural Health is a firm that develops technology for clinical trials and is committed to making it simple for people to take part in studies.

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    Tenure Health

    Founder: Bret Voith

    Bain Role: Associate, Sankaty Advisors

    Capital Raised: $7.1M

    Investors: β€”

    Stage: Seed

    Tenure Health's mission is to simplify healthcare so you can do more of what you love.

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    Exavir Therapeutics

    Founder: Alborz Yazdi

    Bain Role: Associate

    Capital Raised: $7M

    Investors: Associate

    Stage: Grant

    Exavir Therapeutics is a preclinical stage biotechnology company dedicated to eliminating HIV and other viral infections.

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    Wiser Solutions

    Founder: Andy Ballard

    Bain Role: Principal

    Capital Raised: $6.1M

    Investors: Rainfall Ventures

    Stage: Venture - Series Unknown

    Wiser is the leading provider of actionable online and in-store data for better decisions.

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    True&Co

    Founder: Michelle Lam

    Bain Role: Principal

    Capital Raised: $6M

    Investors: First Round Capital

    Stage: Series A

    True&Co is an online retail site allowing shoppers to find perfect-fitting bras by answering a simple quiz.

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    Naya Homes

    Founder: Iacopo Santini

    Bain Role: Associate

    Capital Raised: $5.6M

    Investors: Primary Venture Partners

    Stage: Seed

    Naya Homes is redefining the short-term and vacation rental experience for homeowners in Latin America.

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    Ohza

    Founder: Ryan Ayotte

    Bain Role: Associate

    Capital Raised: $4M

    Investors: CircleUp

    Stage: Venture - Series Unknown

    Ohza is a premium, ready-to-drink mimosa that uses quality sparkling wine and juice liked you'd use making your own.

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    Apli

    Founder: Vera Makarov

    Bain Role: Associate

    Capital Raised: $2.5M

    Investors: Global Founders Capital

    Stage: Seed

    Apli provides recruitment automation and employee management solutions, utilizing chatbots and AI to streamline enterprise HR processes.

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    Prograd

    Founder: Marco Logiudice

    Bain Role: Investment Analyst

    Capital Raised: $2.4M

    Investors: Deloitte Ventures

    Stage: Seed

    Prograd is a credit marketplace for young people, enhancing the underwriting accuracy of lenders and the borrowing experience of consumers.

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    Shelterluv

    Founder: Greg Lucas

    Bain Role: Associate

    Capital Raised: $2M

    Investors: Maddie's Fund

    Stage: Seed

    Shelterluv exists to save the millions of dogs and cats killed every year.

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    Every Mother

    Founder: Allison Rapaport

    Bain Role: Analyst at Sankaty Advisors

    Capital Raised: $2M

    Investors: Courtside Ventures

    Stage: Seed

    Every Mother is a research-backed women’s health company.

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