Bain Capital Ventures, a wing of the Boston private equity firm cofounded by Mitt Romney, has closed a new $600 million fund to invest in business, Internet and healthcare companies.
This is Bain Capital Ventures’ fifth fund and its largest to date. Generally, the firm has put about half of its $2 billion-plus capital into early stage investments and half into growth-stage companies.
When Investment Rhymes with Canada
Canada has a proud history of achievement in the areas of science and technology, and the field of biomanufacturing and life sciences is no exception.
Bain has invested in MinuteClinic, which was acquired by CVS in 2006, and numerous other healthcare companies including Concord, Ohio-based Ricerca Biosciences LLC, Precision Therapeutics in Pittsburgh and Minneapolis-based health IT company ABILITY Network.
Earlier this year, Bain Capital acquired Medtronic’s emergency medical response business, Physio-Control.
(Photo from Flickr user zzzack)
