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The Venture Codex

Bain & Company

350 Boylston Street, Boston, Massachusetts, 02116, United States

Overview

Bain & Company is a global management consulting firm, a top advisor to the world's leading private, public and non-profit organizations. Bain & Company works alongside senior management to confront and overcome their most pressing challenges spanning industries and functional capabilities. Its industry practice areas include private equity, consumer products, retail, energy, technology, and more. Its capability practice areas include business strategy, customer experience, operations, sustainability, digital technology, and other related areas. Bain & Company was founded in 1973 by Bill Bain and is based in Boston, Massachusetts. It operates additional offices across the Americas, EMEA, and APAC regions and maintains the highest level of client advocacy in the industry.

Total investments
10
Lead investments
2
Investments · 12mo
1
Active investors
11

Sector focus

  • Consulting
  • Financial Services
  • Information Technology
  • Internet
  • Management Consulting
  • Telecommunications
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Investment portfolio

  • The Deployment Company

    Participated · Equity · May 2026

    The Deployment Company is a joint venture controlled by OpenAI and backed by 19 investors including major private equity firms and strategic partners. It is structured to combine OpenAI’s software with the distribution and portfolio access of private equity participants to accelerate enterprise AI deployment. The joint venture was valued at $10.0 billion before the new investment and raised over $4.0 billion in the reported transaction. Named investors include TPG, Brookfield Asset Management, Advent, Bain Capital, Dragoneer and SoftBank, alongside several consultancies. The firm aims to leverage the investors’ access to more than 2,000 companies to drive adoption of OpenAI’s tools. The raise follows significant recent financings involving OpenAI and comes as competitors such as Anthropic pursue similar partnerships.

  • CARPL.ai

    Participated · Seed · Feb 2024

    Founded in 2021, CARPL.ai provides a single user interface, data channel, and procurement channel to bring AI solutions into clinical radiology workflows. The platform is used by healthcare organizations and governments in countries including Brazil, India, Singapore, Spain and the UAE. CARPL.ai offers an enterprise marketplace and platform intended to standardize access and procurement of radiology AI tools. Following its $10 million Series A, the company plans to invest in product innovation and expand its global partner ecosystem and commercial presence across North America, LATAM, Europe, Asia-Pacific and emerging markets. The articles did not disclose revenue or other financial metrics.

  • ESG Flo

    Participated · Seed · Oct 2023

    Tracera provides an AI-powered SaaS platform that automates collection, verification and auditing of sustainability (ESG) data with finance-grade accuracy and traceability. The platform handles thousands of data points across formats and languages, eliminating silos and manual spreadsheets to produce auditable sustainability reports. Tracera says it operates across more than 100 countries and has worked with over 30 Fortune 2000 enterprise clients, including EnerSys and La‑Z‑Boy, and with more than 30 companies across 13 countries. Its tools can reduce the time and cost of sustainability data management by up to 85 percent and it recently launched a Scope 3 emissions data tool to gather supplier-specific emissions information. Founded by CEO Patrick Obeid and spun out of Bain & Company’s Founder’s Studio, Tracera aims to scale its platform and expand adoption among manufacturing, construction, real estate, and retail clients. Financially, the company has raised $17.25M since its 2023 launch. ESG Flo offers an AI-powered data infrastructure platform that leverages AI automation and deep learning to gather data spread across organizations and create ESG reporting. Its technology is designed to produce reporting that complies with the EU CSRD and US SEC non-financial disclosure requirements. Led by CEO and founder Patrick Obeid, the company serves customers in the industrial, manufacturing, and infrastructure sectors. ESG Flo is based in New York and Houston, TX. The company plans to use the $5.25M seed funding to expand its solution to offer CSRD and SEC readiness, hire engineers to advance its AI engine, and scale its growth and marketing teams. The round includes board additions from investor representatives and a compliance expert to support product and go-to-market efforts.

  • Persefoni AI

    Participated · Series C · Aug 2023

    Persefoni is a Sustainability Management SaaS and AI platform serving companies and financial institutions. Its product lineup includes Persefoni Pro, a free self-guided offering for SMBs and supply-chain participants launched in March 2024 that has seen more than 6,000 organic sign-ups. The company is expanding its AI suite—PersefoniGPT and smart emission factor matching—and reports model breakthroughs in energy and utility bill management and physical risk modeling, with commercial products expected in 2025. Planned 2025 product releases include a dedicated Product Carbon Footprint/LCA capability, enhanced audit and controls, and a self-serve analytics builder. Persefoni has broadened from a pure enterprise model to include successful self-service offerings and has expanded Persefoni Pro to offer free multi-framework sustainability reporting in addition to carbon accounting. Management expects the recent progress and financing to carry the business toward profitability as early as the second half of 2025. Persefoni offers a Climate Management & Accounting Platform that helps businesses, financial institutions, and governmental agencies manage climate-related data, disclosures, and performance. Its software simplifies carbon footprint calculations, identifies decarbonization strategies, and performs climate trajectory modeling aligned to Paris Agreement temperature scenarios. The platform also enables benchmarking by region, sector, and peer group. The company has launched PersefoniGPT, an AI co-pilot product for carbon accounting and management, expanding its AI capabilities. Persefoni serves enterprise and financial-institution customers and emphasizes regulatory and disclosure workflows. Financially, the company has raised over $150 million to date, reflecting investor interest in its product and market opportunity. Persefoni offers an "ERP for Carbon Data" that automates carbon accounting and helps organizations comply with standards such as the Greenhouse Gas Protocol and PCAF. Its platform targets asset managers, banks, insurers, pensions/endowments and corporates across manufacturing, agriculture, energy, apparel, retail, software and business services. The company emphasizes avoiding proprietary methodologies to ensure auditability and claims automated accounting without consulting services. Persefoni has strategic partnerships with Bain & Co., EDF and SMBC, has expanded into the Japanese market, launched a free-tier for SMBs and introduced a Temperature Scoring Model for 1.5C/2C implied temperature scenarios. It also integrates with the Patch offsetting platform on a commission-free, pass-through basis. Financially, the company recently completed a Series B and has raised a total of $114.2 million to date. Persefoni builds a carbon accounting and management platform that assembles, calculates, manages and reports organizational carbon footprints with real-time reporting on scope 1 through 3 emissions. The company was founded only last January and launched its product in August alongside an initial $3.5M raise. Persefoni has attracted corporate customers, with private equity firms like TPG signing on to its service. The startup recently added Robert G. Eccles, founding chairman of the Sustainability Accounting Standards Board, to its board of advisors. It plans to use new funding to support international expansion, product development, and recruitment. Persefoni develops an AI-powered carbon footprint management platform that generates business-centric sustainability reports and automates organizational emissions accounting. The company was founded in January by Jason Offerman, Kentaro Kawamori and Kim Stroh and is based in Tempe, Arizona. Persefoni plans to use its seed funding to continue product development, add features for large customers, expand its team beyond an 18-employee base, and pursue a Series A. The company said full availability of the platform will come in the fourth quarter and that it anticipates several million in sales by the end of the year. Persefoni positions itself against consumer and enterprise alternatives such as Klima, Salesforce Sustainability Cloud and SAP’s Climate 21 products, viewing some as competitors and others as potential partners. The platform emphasizes serving clients that are already serious about sustainability and meeting institutional investor demand for annual sustainability reports.

  • Sylvera

    Participated · Series B · Jul 2023

    Sylvera provides trusted, independent data and ratings on carbon offset projects to help buyers and investors evaluate carbon sequestration quality. It positions itself as a neutral data layer (not a marketplace) that does not sell credits or take payments from project developers. The company builds standardized assessment frameworks via market consultation and uses ground calibration (e.g., lidar, radar) plus machine learning on satellite data to benchmark and monitor projects. Sylvera says this data-driven approach underpins models used by large institutional customers that demand rigour. Since founding in 2020 it has grown usage seven-fold and lists customers including S&P Global, Salesforce, BCG and Mitsubishi. The company has raised nearly $100M in external funding and is using new capital to expand into the US and scale engineering and product teams. Sylvera provides carbon offset ratings using proprietary data and machine learning to evaluate carbon credits. Its platform supplies comprehensive and accessible insights for corporate sustainability leaders, carbon traders, and policymakers to identify high-quality carbon projects. The company is partnering with researchers at UCLA, NASA’s Jet Propulsion Lab, and University College London to expand its proprietary methods for evaluating carbon performance. Sylvera is led by co-founder and CEO Dr. Allister Furey. The company has raised a total of $39.5M since its 2020 founding, including a $32.6M Series A. Sylvera is a U.K.-based startup that applies satellite, radar and lidar data alongside machine learning to create independent ratings for carbon offset projects. It has developed proprietary datasets in collaboration with scientists from UCLA, the NASA Jet Propulsion Laboratory and University College London. The company assesses both carbon performance and project quality — including additionality, permanence, co-benefits and risk — to produce standardized ratings. Sylvera delivers its ratings and analysis via a web application and an API, charging customers a subscription. Its product is intended to enable purchase decisions and post-purchase monitoring to reduce greenwashing as corporate demand for offsets grows. Financially, Sylvera has raised seed funding and also secured a government research contract to support its work.

Team

  • Jenny Davis-Peccoud

    Founder and Leader, Global Sustainability & Responsibility Practice

    LinkedIn
  • Maurizio G Esentato

    Founder and Chief Executive Officer

    LinkedIn
  • Mark Wetjen

    Advisor

    LinkedIn
  • David Pozas Treviño

    Senior Associate Consultant

    LinkedIn