TLDR:
– Future Back Ventures (FBV), a venture fund backed by Bain & Company, has closed on its first five investments with a focus on AI.
– FBV provides early-stage funding and resources to startups founded or led by Bain alumni.
Future Back Ventures (FBV), a venture fund backed by Bain & Company, has announced the closing of its first five investments with a heavy focus on artificial intelligence (AI). Launched in 2023, FBV provides early-stage funding and other resources to former Bain employees working to start their own businesses. FBV’s portfolio companies gain access to the firm’s network of industry experts, providing alumni with resources that go beyond traditional funding.
One of FBV’s first investments was in Vendelux, an AI-enabled platform for event marketers used by companies around the world, including Fortune 500s. Other portfolio companies include Common Sense Privacy, Duckbill, HIVED, and Qube. While FBV serves startups from all industries, three of its five portfolio companies are AI-focused, aligning with the current trend in the tech industry.
Bain alumni have a track record of founding successful companies, with more than 40 achieving $1 billion valuations since the mid-1990s. FBV’s focus on supporting Bain alumni in their entrepreneurial journeys reflects the firm’s commitment to its employees’ long-term success. The fund’s Inaugural Bain Alumni Pitch Day is set to take place in San Francisco, showcasing the innovative ideas coming out of the alumni network.
