Future Back Ventures
415 Mission Street, Suite 4800, San Francisco, CA, 94105, United States
Overview
Early-stage venture capital firm investing in businesses founded or led by Bain & Company alumni
- Total investments
- 10
- Lead investments
- 0
- Investments · 12mo
- 7
- Active investors
- 3
Investment portfolio
- Seltz
Participated · Seed · Jun 2026
Seltz builds a purpose-built search stack—owning its web crawler, index, retrieval models, and ranking—targeted at AI agents and chatbots that require machine-ready, citable information. The system crawls hundreds of millions of pages per day, returns results in under 200 milliseconds, and scores and extracts specific passages, tables, or images to supply agents rather than just human-oriented snippets. Founder and CEO Antonio Mallia previously worked on information retrieval in his PhD and at Amazon and Pinecone, and the team includes multiple PhD holders and veterans of Amazon’s AI efforts. Seltz was incorporated in the U.S. and founded last October, operates fully remotely with about 15 employees split between the San Francisco Bay Area and hubs near European universities in Pisa and Leipzig. The company faces a crowded competitive landscape with better-funded peers, but plans to use its seed funding to advance its search stack, hire, and launch enterprise sales. Its advisers and angel backers span technology companies and academic information-retrieval labs.
- Handshake
Participated · Equity · Jun 2026
Handshake is an AI-native platform designed to centralise and manage commercial agreements between retailers, wholesalers, and suppliers, replacing spreadsheets and siloed systems. The company cites industry friction—such as fewer than 50% of suppliers having written agreements—and the $18.8 trillion scale of retail as drivers of demand for its product. Handshake lists customers including Gopuff and says its platform offers visibility, structure, and accountability for large trading teams. The company plans to use the $3.2 million raise to speed product development, grow engineering and customer success headcount, and deepen retailer and supplier partnerships. Founded in 2024 and headquartered in London, Handshake is backed by Triple Point Ventures, Future Back Ventures by Bain & Company, and Octopus Ventures.
- Clarasight
Participated · Series A · Apr 2026
Clarasight provides an AI platform that integrates and normalizes fragmented travel, expense, card and HR data into a real-time, AI-ready model for enterprise travel and expense programs. Its Data Management Agents ingest data from travel management companies, expense tools, card programs and HR systems to enable automated workflows, policy exception detection, what-if scenario analysis, and defensible supplier negotiations. The company reported roughly 10x recurring revenue growth over the prior year and now manages data for programs representing over $5 billion in travel and expense spend. Clarasight counts four of the sixteen largest corporate travel programs in the BTN 100 among its customers, including two Big Four accounting firms, and says customers have cut reporting time by 99% and reduced manual data review cycles by over 90%. The recent Series A financing is intended to accelerate product development and expand go-to-market efforts across North America and Europe. Clarasight positions its platform to give lean teams infrastructure and automation to run complex global travel programs without adding headcount.
- Zenskar
Participated · Series A · Apr 2026
Zenskar builds an AI-native billing and revenue automation platform designed to handle complex B2B pricing models such as usage-based tiers, prepaid credits, amendments, customer hierarchies, and multi-entity/multi-currency structures. Its architecture models contract data as objects on a graph and combines rule-based calculations with purpose-built AI agents to automate order-to-cash processes. The company offers an Agents Marketplace for finance teams to create, customize, chain, and deploy agents without engineering involvement, plus integrations like a Slack agent and an MCP that links to major AI tools. Zenskar positions its platform to replace error-prone workarounds and in-house systems used by customers with bespoke pricing or high-volume usage. The company reported 5x revenue growth in the past year and cited customer outcomes such as faster billing, earlier collections, and faster close times. Zenskar's stated vision is to enable Zero-Touch Finance by expanding its agentic capabilities and reducing manual finance operations.
- Yuzu Health
Participated · Series A · Apr 2026
Yuzu Health provides a vertically integrated TPA platform that handles claims processing, payments, and member administration for health plans and enables plans and brokers to launch and scale benefit designs without operational complexity. The company is led by CEO Jan‑Felix Schneider and operates across all 50 states. Yuzu raised $35M in a Series A—bringing total funding to $40M—and plans to use the capital to expand its engineering team and scale its platform nationally. The board will gain General Catalyst’s Alex Tran following the round. The company positions itself as the infrastructure behind health insurance plans and serves as a third‑party administrator to payers and brokers.