# Future Back Ventures by Bain

> Future Back Ventures is a venture fund within Bain & Company, launched in 2023 to back early-stage businesses founded or led by Bain alumni. It generally co-invests alongside other venture funds and connects portfolio companies with Bain expertise, talent and professional networks across industries and countries.

- **Founded:** 2023
- **Headquarters:** San Francisco, United States
- **Founders:** Dunigan O’Keeffe (Co-founder and investment committee member (identified by CB Insights))
- **Products:** Venture investment, Portfolio advisory and network access, Founder and talent resources
- **Notable:** Launched in 2023., Announced its first five investments on April 15, 2024., Made its first consumer packaged goods investment in Doughlicious, announced November 5, 2025.

## Products & services

- **Venture investment** — Generalist startup investing, typically as a co-investor; initial checks span pre-seed through Series B, with potential later follow-ons.
- **Portfolio advisory and network access** — Connections to Bain partners, industry specialists, potential collaborators and operating resources tailored to portfolio needs.
- **Founder and talent resources** — Links to BeyondBain founder communities, the alumni job board, an externship guide and Bain intellectual property resources.

## Achievements

- Launched in 2023.
- Announced its first five investments on April 15, 2024.
- Made its first consumer packaged goods investment in Doughlicious, announced November 5, 2025.
- Raised a follow-on fund in 2026, according to a current Bain recruitment posting.

## Latest updates

- **2026-10** — Bain’s current managing-partner vacancy states that a follow-on fund was raised in 2026 and outlines plans for a third fund admitting external LPs. October is the observation month; no exact fund-close date is disclosed.
- **2026-04** — Joined Clarasight’s $11.5 million Series A; that figure is the total round, not FBV’s individual contribution.
- **2025-11** — Doughlicious announced FBV investment to support US and global expansion; terms were not disclosed.

## Links

- Website: https://www.futureback.vc/
- LinkedIn: https://www.linkedin.com/company/future-back-ventures-by-bain-company

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Published by YesPress — https://yespress.io
Last updated: 2026-10-27