SAN FRANCISCO–(BUSINESS WIRE)–Bain Capital Ventures (BCV) today announced the close of Bain Capital Ventures Fund XI (“Fund XI”) exceeding its target, raising $1.6 billion in total capital. Bain Capital partners, employees and their related entities are among the single largest investors in the fund, alongside pensions, endowments and foundations, consistent with Bain Capital’s heritage across all its funds. BCV’s early-stage strategy has consistently concentrated capital at the formation sta