Daily News: February 15, 2012

Harris to Join Bain Capital Ventures as Managing Director


Bain Capital Ventures, a venture capital and growth equity firm with over $2 billion in committed capital, announced that Matt Harris will join the firm as managing director. In this role, Harris will focus on early and growth stage investments in the financial services sector and will lead the firm’s New York City office.

“Matt is one of the best investors in the financial technologies sector and we couldn’t be more pleased to have him join the Bain Capital Ventures team,” said Mike Krupka, a managing director at Bain Capital Ventures. “This represents a further commitment to New York City, where we already have over 20 portfolio companies, and where we see tremendous opportunity going forward.”

Harris was a co-founder and managing director at Village Ventures, an early stage venture capital firm in New York with over $175 million under management. During Harris’ tenure, he led investments in numerous financial services companies, including Bluetarp Financial, Consumer United, Dwolla, iSend, Metamarkets, On Deck Capital, Simple and TxVia. He began his investing career at Bain Capital, and previously worked at consulting firm Bain & Company.

“Bain Capital Ventures is the ideal platform for me to continue to invest in early stage financial services companies, and expand into growth equity investing opportunities as well,” noted Harris. “It is also exciting to return to Bain Capital and work with folks that I have known well for over a decade.”

In January, Bain Capital Ventures closed its fifth fund with $600 million in commitments from its Limited Partners and an additional $60 million coming from its investment team. The firm makes investments of $100,000 to $60 million in digital, software, business services and healthcare companies.