On December 30, 2022, NaaS, an electric vehicle charging service provider in China, announced that the Company has appointed Alex Wu as its CFO and President, effective January 15, 2023. Wu will join the Board of Directors of NaaS. Previously as Managing Director of Bain Capital Private Equity, Wu accumulated rich experience in finance, technology and management. In addition, during his…
CitiusTech, a provider of technology and consulting services to healthcare and life sciences companies, welcomed Bain Capital Private Equity (Bain Capital) as an investor, joining existing shareholder BPEA EQT who acquired a majority stake in CitiusTech in 2019. Financial terms of the private transaction were not disclosed. “We are thrilled that Bain Capital is joining…
Bain Capital, a global private multi-asset alternative investment firm, announced that it has agreed to acquire 24.98% equity stake in IIFL Wealth Management Limited (IIFLWAM), one of the largest and fastest growing wealth and asset management firms in India from General Atlantic Singapore Fund Pte. Ltd. and FIH Mauritius Investments Ltd, a wholly owned subsidiary…
Finley, the debt capital raise and management solution, has announced a $3 million seed round led by Matt Harris and Kevin Zhang of Bain Capital Ventures, with participation from Haystack, Nine Four Ventures, TwentyTwo VC, and Y Combinator. It will use this funding to accelerate its product development with early customers like Ramp, the statement said. “In capital markets, credit is…
Redis Labs, the company behind Redis, the most popular open source database and the provider of Redis Enterprise, announced it has closed $100 million in Series F financing at a company valuation of more than $1 billion. The Series F funding was co-led by Bain Capital Ventures and TCV, with participation by the company’s existing…
Uber, an American multinational ride-hailing company is leading a $170 million investment in scooter- and bike-sharing startup Lime, in a move that deepens the ties between the two “sharing economy” platforms, the companies said. Other investors that took part in the funding round are Alphabet, Bain Capital Ventures, GV and other existing and new investors,…
Rollbar, provider of real-time error monitoring Software as a Service, announced that it has raised $11 million in Series B funding led by Runa Capital, an international VC firm headquartered in Silicon Valley that backs early-stage startups in deep tech and cloud business software. Dmitry Galperin from Runa Capital will take a board seat. Other…