Bain Capital Ventures

AvidXchange Announces Board Additions and Transitions

Retrieved on: 
Tuesday, March 26, 2024
Opus, Constellation, UnitedHealth Group, Health, AlixPartners, Sale, Engineering, Oni, McKinsey & Company, Audit, Private equity, Risk, TeamHealth, Bain Capital Ventures, Software, KKR, Compensated emancipation, AP, CDPQ, Business administration, Cornell University, Harvard Business School, SAP, University, IPO, Royal, Risk management, Culture, PKS, Growth, Allied Universal, MBA, SAP AG, Event management software, Partner, AJ, Tech, Management

CHARLOTTE, N.C., March 26, 2024 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced the appointment of two new Board members – Oni Chukwu and Arthur J. (“A.J.”) Rubado. Mr. Chukwu was elected by the Board to serve as a Class I director of the Company effective upon the resignation of Ms. Murdock. Mr. Rubado was elected by the Board to serve as Class III director of the Company effective upon the resignation of Mr. Harris. Messrs. Chukwu’s and Rubado’s terms will expire at the annual meeting of the Company’s stockholders to be held in 2025 and 2024, respectively. The appointments maintain the number of directors at nine, eight of whom are independent.

Key Points: 
  • Mr. Chukwu was elected by the Board to serve as a Class I director of the Company effective upon the resignation of Ms. Murdock.
  • Mr. Rubado was elected by the Board to serve as Class III director of the Company effective upon the resignation of Mr. Harris.
  • I wish them all the best,” stated Michael S. Praeger, Chairman and Chief Executive of AvidXchange Holdings, Inc.
    Concurrent with the aforementioned additions, AvidXchange announced that Matthew Harris and Wendy Murdock have resigned from the Board and any committees on which they served, effective March 21, 2024.
  • Both joined the AvidXchange Board, prior to the Company’s IPO, in connection with the Company’s institutional capital raises.

Gather AI Raises $17M to Accelerate Growth and Bring Warehouses into the Modern Era with AI-Powered Inventory Monitoring

Retrieved on: 
Wednesday, March 27, 2024
Supply Chain Management, Technology, Drones, Robotics, Transport, Other Technology, Retail, Software, Artificial Intelligence, Logistics, Food Tech, ROI, Innovation, NFI, Growth, Bain Capital Ventures, Kaph, DPI, Gather, Food, Deep learning, DSV, Multimedia, WMS

It will be invested in scaling operations as Gather AI continues to attract customers by solving supply chain issues with richer data and AI.

Key Points: 
  • It will be invested in scaling operations as Gather AI continues to attract customers by solving supply chain issues with richer data and AI.
  • Gather AI automates inventory visibility challenges through autonomous drones across third-party logistics, manufacturing, and retail facilities, with much richer data than warehouses can currently obtain with barcodes.
  • Gather AI customers are seeing an ROI of 3-5x, driven by a 66% reduction in warehouse inventory database errors.
  • To learn more, join Gather AI at the International Warehouse Logistics Association (IWLA) Convention & Expo, Booth #203, April 21-23 or visit https://gather.ai .

Loyal Announces $45 Million Series B Financing to Continue Development of First FDA-Approved Dog Lifespan Extension Drug for Veterinary Use

Retrieved on: 
Thursday, March 21, 2024
Biotechnology, FDA, Professional Services, Health, Pharmaceutical, Pets, Other Science, Research, Consumer, Science, Finance, Longevity, Bain Capital Ventures, Khosla Ventures, First Round Capital, Drug, Dog, Veterinary medicine, Series, Multimedia, Center for Veterinary Medicine, Collaborative Fund, Pharmaceutical industry

Loyal , a biotech company pioneering longevity drugs for dogs, today announced that it has successfully completed its Series B funding round, securing $45 million in investment.

Key Points: 
  • Loyal , a biotech company pioneering longevity drugs for dogs, today announced that it has successfully completed its Series B funding round, securing $45 million in investment.
  • View the full release here: https://www.businesswire.com/news/home/20240321591608/en/
    Dr. Ellen Ratcliff, Veterinarian and Director of Clinical Development at Loyal, with Boston, a seven-year-old Beagle mix.
  • Completing the technical effectiveness section of the conditional approval application for LOY-001’s use in large dog lifespan extension.
  • Launching the STAY study, the pivotal effectiveness study for LOY-002, in development for dog lifespan extension.

FERMAT Raises $17M Series A To Grow Its ML-Powered Social Commerce Shopping Experience

Retrieved on: 
Wednesday, March 13, 2024
Start-Up, Online Retail, Technology, Professional Services, Electronic Commerce, Advertising, Communications, Social Media, Retail, Software, Artificial Intelligence, BCV, Social commerce, Bain Capital Ventures, Sale, Acquisition, AI, SMS, Commerce, Machine learning, LiveRamp, Online shopping

FERMAT provides a seamless end-to-end shopping experience for consumers and greater advertising performance for commerce brands.

Key Points: 
  • FERMAT provides a seamless end-to-end shopping experience for consumers and greater advertising performance for commerce brands.
  • Throughout the process, FERMAT carries relevant information about the customer, such as products they like, discounts they’ve seen, and influencers they’ve engaged with.
  • "FERMAT ushers in a future where merchants have the ability to show a unique shopping journey for every online touchpoint.
  • With FERMAT, innovative commerce brands can launch, test and optimize thousands of highly-specific landing page experiences at once, each targeted to that individual customer.

Industry-leading Team Management App Homebase Raises $60M Series D to Fuel Innovation and Expand Product Ecosystem for Local Business Teams

Retrieved on: 
Wednesday, April 3, 2024
HR, Square, Growth, CFO, Coffee, SAN, Waldmann, Bain Capital Ventures, Khosla Ventures, Emerson Collective, Capital, Small business, Software, Investment, Forth

SAN FRANCISCO, April 3, 2024 /PRNewswire/ -- Homebase, the all-in-one HR and team management app that helps more than 100,000 small businesses manage their hourly teams, today announces its $60M Series D financing. Led by L Catterton Growth and supported by Emerson Collective, the round also includes existing Homebase investors, Notable Capital, Bain Capital Ventures, Khosla Ventures, Cowboy Ventures, and PLUS Capital. Hot on the heels of the appointment of new CFO, Philip Moon, (formerly at Square, Grove Collective and CloudTrucks), the round will turbocharge Homebase's R&D investments in expanding its unique, fully-integrated team management ecosystem for traditionally underserved Main Street businesses.

Key Points: 
  • SAN FRANCISCO, April 3, 2024 /PRNewswire/ -- Homebase , the all-in-one HR and team management app that helps more than 100,000 small businesses manage their hourly teams, today announces its $60M Series D financing.
  • This latest round of funding enables Homebase to accelerate product investments, extending its lead as the most comprehensive product ecosystem for managing hourly work.
  • We have made a great start in this mission, bringing help to 100,000+ small business teams totaling 2M+ workers.
  • Waldmann continues: "We're excited to have investors with a deep understanding of our customers, our impact, and who share our passion for empowering incredible local business teams."

Argyle Secures $30M in Funding to Bolster Growth of the Payroll Connectivity Platform of the Future

Retrieved on: 
Tuesday, March 5, 2024
Data Management, Apps, Applications, Technology, Mobile, Wireless, Software, Networks, Internet, Dark, Growth, Bain Capital Ventures, Ecosystem, Employment, Cryptocurrency

Rockefeller was joined by return investors Bain Capital Ventures, SignalFire, and Checkr who also participated in this funding round.

Key Points: 
  • Rockefeller was joined by return investors Bain Capital Ventures, SignalFire, and Checkr who also participated in this funding round.
  • This growth capital includes a mix of equity and debt to fuel the firm’s continued adoption and expansion of its automated income and employment verification platform.
  • Despite market headwinds, customers have increasingly sought a more reliable, affordable, and scalable approach to income and employment verifications.
  • “Our verticalized approach and direct-source model has provided accurate data and an enhanced consumer experience for our customers.

GoodShip Announces Major Updates to Transportation Procurement Platform, Including AI-Powered Scenario Builder

Retrieved on: 
Wednesday, January 31, 2024
Other Transport, Technology, Trucking, Transport, Software, Delivery Services, Data Management, Logistics, Supply Chain Management, Retail, Artificial Intelligence, Bain Capital Ventures, Workflow, Communication, Risk management

GoodShip , the all-in-one platform for network analytics, carrier management, and transportation procurement, announced their first major product update today.

Key Points: 
  • GoodShip , the all-in-one platform for network analytics, carrier management, and transportation procurement, announced their first major product update today.
  • The changes include sweeping expansions to their transportation procurement tool and the addition of a robust scenario builder which recommends award allocations to optimize for savings and performance.
  • “GoodShip’s revamped procurement workflow is a major step forward for the industry,” said GoodShip CEO and Co-Founder Ryan Soskin.
  • When used in concert with GoodShip’s smart recommendations engine and carrier collaboration capabilities, the procurement workflow and scenario builder promote unprecedented agility and enable real-time network optimization.

HYCU, Inc. Strengthens Leadership Team to Continue Strong Growth Trajectory - Angela Heindl-Schober Named Senior VP Global Marketing

Retrieved on: 
Monday, December 11, 2023
Cloud, Marketing, Family, Global marketing, Infor, Vectra AI, Electronic Data Systems, Riverbed Technology, Software as a service, Bain Capital Ventures, NPS, HPE, Vectra, Growth, Senior

In her new role, Angela will focus on aligning go-to-market strategies, fostering team collaboration, speeding up digital expansion, brand awareness, and enhancing partner and customer loyalty.

Key Points: 
  • In her new role, Angela will focus on aligning go-to-market strategies, fostering team collaboration, speeding up digital expansion, brand awareness, and enhancing partner and customer loyalty.
  • Most recently at Vectra AI, over her eight-year tenure, Angela's marketing leadership and contributions were integral to driving Vectra AI's remarkable growth.
  • Simon Taylor, Founder and CEO, HYCU, Inc., shared his enthusiasm, “We are thrilled to welcome Angela to our executive leadership team.
  • “I am excited to join the HYCU family and to be a part of its visionary journey,” said Angela Heindl-Schober.

Halcyon Closes $40M Series B to Scale Mission of Defeating Ransomware

Retrieved on: 
Tuesday, December 19, 2023
Data Management, Security, Technology, Software, Networks, Artificial Intelligence, Insight Partners, Entrepreneurship, Trellix, IronPort, Cisco, Bain Capital Ventures, Education, Intel, Ransomware, Symantec, BCV, IPO, Organization, Cryptocurrency

Halcyon , the leading platform designed from day one to defeat ransomware, today announced it has closed a $40M Series B funding round led by Bain Capital Ventures (BCV) .

Key Points: 
  • Halcyon , the leading platform designed from day one to defeat ransomware, today announced it has closed a $40M Series B funding round led by Bain Capital Ventures (BCV) .
  • The oversubscribed funding round follows a $50M Series A announced in April 2023, bringing total funding raised in 2023 to $90M.
  • Halcyon is aggressively targeting enterprise clients across all verticals with a specific focus in education, financial services and healthcare.
  • “I’m honored to be working alongside a leadership team of seasoned cybersecurity professionals at a pivotal moment in the fight against ransomware.”
    For more information on the Halcyon multi-tiered approach to defeating ransomware, visit www.halcyon.ai .

Andalusia Labs Secures $48 Million in Series A Funding at $1 Billion Valuation, Opens Global HQ in Abu Dhabi

Retrieved on: 
Wednesday, December 13, 2023
Professional Services, Security, Blockchain, Technology, Web3, Software, Fintech, Pantera Capital, Risk management, Lightspeed Venture Partners, Collection, Speed of light, Silicon, Mubadala Investment Company, Digital Currency Group, Multimedia, Hacks, Raouf, Labs, Partnership, Growth, Naval Ravikant, AI, Coinbase, Abu Dhabi Global Market, Bain Capital Ventures, Environment, Cryptocurrency, Watchtower, Subsea technology

View the full release here: https://www.businesswire.com/news/home/20231213003404/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231213003404/en/
    Andalusia Labs Secures $48 Million in Series A Funding at $1 Billion Valuation, Opens Global HQ in Abu Dhabi (Photo: AETOSWire)
    In conjunction with the round, Andalusia Labs announced the establishment of its global headquarters in Abu Dhabi’s Financial Center, Abu Dhabi Global Markets.
  • “Andalusia Labs is addressing one of the most significant challenges in the blockchain industry today," said Ravi Mhatre, Partner at Lightspeed Venture Partners.
  • Andalusia Labs intends to utilize the funds to accelerate product development, enhance institutional partnerships, and continue global expansion.
  • The opening of their global headquarters in Abu Dhabi will catalyze their global scaling efforts and strategically position the company for unparalleled growth.