Bain Capital Tech Fund Says AI Investments Too Speculative
Bain Capital’s tech fund reportedly stands out from others by not rushing to back the latest artificial intelligence startups.
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Bain Capital’s tech fund reportedly stands out from others by not rushing to back the latest artificial intelligence startups.
‘This enables a pretty dramatic acceleration of development timelines and product roadmaps’, says Darren Abrahamson, partner at Bain Capital Tech Opportunities.
Fintech startup SumUp has raised €285mn in a new funding round to further expand its services across the globe.
As with all Bain funds, Bain Capital employees are the largest single investor in the fund.
Global FinTech company SumUp has secured an investment of €590 million ($624 million) in the latest funding round.