Page 41 Bain Capital Helthcare
P. 41
Avid Interest
Four years prior to its Zelis investment, Bain Capital
Ventures led a major investment in AvidXchange,
an accounts payable and payments automation
company serving many industries. The firm’s
experience with AvidXchange allowed it to see similar
winning attributes in healthcare-focused Zelis.
At the time, Matt Harris, a Partner at Bain Capital
Ventures, commented, “Soon gone are the days
of paper checks, manual entry, and lockboxes.
Automation is the wave of the future.”
We are typically competing against standalone
venture funds. They may do venture, they may
do growth equity, but they typically don’t have
access to a broader umbrella. We often bring
our colleagues into conversations with founders
and say, ‘Look, these are the individuals you’ll
have full access to’.
Matt Harris
Partner,
Bain Capital Ventures
41
Bain Capital
Healthcare
Four years prior to its Zelis investment, Bain Capital
Ventures led a major investment in AvidXchange,
an accounts payable and payments automation
company serving many industries. The firm’s
experience with AvidXchange allowed it to see similar
winning attributes in healthcare-focused Zelis.
At the time, Matt Harris, a Partner at Bain Capital
Ventures, commented, “Soon gone are the days
of paper checks, manual entry, and lockboxes.
Automation is the wave of the future.”
We are typically competing against standalone
venture funds. They may do venture, they may
do growth equity, but they typically don’t have
access to a broader umbrella. We often bring
our colleagues into conversations with founders
and say, ‘Look, these are the individuals you’ll
have full access to’.
Matt Harris
Partner,
Bain Capital Ventures
41
Bain Capital
Healthcare
