Ben Nye, the former co-managing partner at Bain Capital Ventures, established a new VC firm called Venture Guides along with four other partners.
The move comes as the firm received $215M in capital commitments toward its debut fund, with ELJ Ventures joining in as an anchor investor.
- Venture Guides expects to back seed to Series A stage startups in the software infrastructure sector.
- The firm has a data-driven approach towards investing, scoring potential investments on eight different parameters before investing.
- The firm has already backed two seed-stage startups with the capital raised so far, with two more deals currently in process.
- During his tenure at BCV, Nye's investment yielded 7.9 times the return on investment to investors.
- He invested in 21 startups, eight of which went on to cement their unicorn status, chief among which was Turbonomic — acquired by IBM for $2B in 2021.
- Nye's former employer, BCV, announced two funds totaling $1.9B yesterday.
