BloomReach grabs $56 mln Series D

By Iris Dorbian — 1 week ago

Mountain View, California-based BloomReach, a cloud personalization platform provider, has raised $56 million in Series D funding. The investors included Bain Capital Ventures, Battery Ventures, Lightspeed Ventures, New Enterprise Associates and Salesforce Ventures. In addition to the funding, the company has named Marcus Ryu, CEO and co-founder of Guidewire Software, to its board of directors.

Continue

Gainsight inks $50 mln Series D

By Iris Dorbian — 3 months ago

Customer success company Gainsight has raised $50 million in Series D funding. Insight Venture Partners led the round. The company’s other investors include Battery Ventures, Bain Capital Ventures, Bessemer Venture Partners, Salesforce Ventures, Summit Partners and Lightspeed Venture Partners. In addition to the funding, Gainsight has hired Andy Knosp as vice president of professional services. Previously, Knosp was vice president of professional services at Hortonworks.

Continue

Censio nets $10 mln Series A

By Iris Dorbian — 4 months ago

Boston-based Censio, which uses big data to make driving safer and more affordable, has raised $10 million in Series A funding. General Catalyst Partners led the round with participation from Bain Capital Ventures and Lakestar.

Continue

SevOne racks up $50 mln Series C

By Iris Dorbian — 5 months ago

SevOne, a provider of digital infrastructure management solutions, has raised $50 million in Series C funding. Westfield Capital Management and Bain Capital Ventures led the round with participation from Brookside Capital, HarbourVest, VT Technology Ventures and Osage Venture Partners.

Continue

Cloud startup Iron.io raises $8 mln

By Alastair Goldfisher — 5 months ago

San Francisco-based Iron.io, a provider of cloud infrastructure services,  has raised an $8 million Series A round of funding. Baseline Ventures led the round and was joined by fellow existing investors Bain Capital Ventures, Divergent Ventures, Ignition Partners and Cloud Capital Partners. The company previously raised $5.5 million in seed funding, including from individuals Jonathan Siegel, Matt Ocko, Jared Kopf and Lance White, among others.

Continue

Bain Capital Ventures leads $225 mln round for AvidXchange

By Iris Dorbian — 5 months ago

Charlotte, North Carolina-based AvidXchange, a provider of accounts payable and payment automation, has closed $225 million in funding. Bain Capital Ventures led the round with participation from Foundry Group, NYCA Partners, KeyBank, Square 1 Bank and TPG Special Situations Partners. In addition to the funding, Matt Harris, managing director of Bain Capital Ventures, Brad Feld, co-founder of Foundry Group and Techstars, and Hans Morris, managing partner at Nyca Partners, have been added to AvidXchange’s board of directors.

Continue

VC-backed ABILITY Network appoints new CEO

By Iris Dorbian — 6 months ago

Minneapolis-based healthcare information technology company ABILITY Network has named Mark A. Pulido as its new CEO. The appointment becomes effective August 31. Pulido will be succeeding Mark Briggs who is retiring. Pulido will remain in his position as chairman of ABILITY Network’s board. Pulido is a former executive at Freeman Spogli & Company. ABILITY Network’s backers include Summit Partners and Bain Capital Ventures.

Continue

Redis Labs raises $15 mln from Bain, Carmel, SVB

By Mark Boslet — 8 months ago

Redis Labs said it raised $15 million of Series B financing in a deal led by Bain Capital Ventures and Carmel Ventures. Silicon Valley Bank also participated by providing venture debt. The new round of funding brings the total raised by the company, a commercial provider of database services and software using the Redis in-memory NoSQL database, to $28 million.

Continue

VC-backed Receivables Exchange appoints Toffey as CEO

By Iris Dorbian — 9 months ago

New York City-based Receivables Exchange, an electronic marketplace that sells accounts receivable, has hired James W. Toffey as CEO. Previously, Toffey worked at GFI. Receivables Exchange is backed by Bain Capital Ventures, Redpoint Ventures, Prism VentureWorks and StarVest Partners.

Continue