TLDR:
- Future Back Ventures, a venture fund focused on investing in startups founded by Bain alumni, has closed its first five investments.
- These investments have a heavy focus on AI, with three out of the five portfolio companies being AI-focused.
Bain & Company’s alumni-focused venture fund, Future Back Ventures (FBV), has announced the closure of its first five investments. Launched in 2023, FBV aims to provide early-stage funding and resources to startups led by former Bain employees. The fund is headed by Ann Scott-Plante, who returned to Bain after founding her own company.
One of the fund’s initial investments was in Vendelux, an AI-enabled platform for event marketers. This highlights FBV’s strong focus on AI, with three of the five portfolio companies being AI-focused. The fund’s support goes beyond just financial backing, providing access to Bain’s network of experts for the alumni-founded startups.
FBV’s portfolio also includes companies like Common Sense Privacy, Duckbill, HIVED, and Qube. The fund’s investments align with the trend of successful companies founded by Bain alumni, with over 40 billion-dollar valuation companies being launched since the mid-1990s. This showcases Bain’s commitment to fostering entrepreneurship among its former employees.
Through FBV, Bain alumni have the opportunity to leverage their connections and remain part of the firm’s network even as they venture into building their own businesses. The fund’s focus on AI and support for alumni reflect Bain’s dedication to nurturing talent and innovation within its ecosystem.
