Bain Capital Ventures has closed on $1.6 billion for Fund XI, and the fund is targeting AI infrastructure and more, according to Venture Capital Journal. The Venture Capital Journal item was published by David Bogoslaw.
Fund XI close and stated focus
The Venture Capital Journal report describes the development as Bain Capital Ventures closing on $1.6 billion for Fund XI and notes that the strategy is targeting AI infrastructure and more, according to Venture Capital Journal. The article is labeled “News and Analysis.”
The Venture Capital Journal page includes tags of AI, Fundraising, Technology, and US.
LPs cited from earlier Bain Capital Ventures funds
Limited partners in Bain Capital Ventures’ earlier funds include California Public Employees’ Retirement System, Children’s Hospital Corporation Pension Plan, Adams Street Partners, and Kaiser Permanente Washington Defined Benefit Plan, according to Venture Capital Journal.
Source and access note
The Venture Capital Journal entry is dated “20 hours ago” on the page. The page also indicates that creating an account is required to continue reading and that registration is available for free.
Context (widely known)
In widely known context, “AI infrastructure” is commonly used in venture capital to refer to the software and hardware layers that support building and deploying artificial intelligence systems. In widely known context, venture fund closes are typically reported as the final amount of capital committed to a fund.
