Report: Bain Capital Ventures Opening Bay Area Office

Boston-based Bain Capital Ventures is planning to open an office in Palo Alto, CA, according to a report in PE Hub. Managing director Ajay Agarwal and several associates will be relocating to Silicon Valley, and the firm plans to hire several senior executives in the area, the report says. BCV has not confirmed the news. Agarwal has been involved with investments in such companies as AdReady, Kiva Systems, m-Qube, Skyhook Wireless, and VMLogix. Last July, the venture firm announced it was opening a virtual innovation center aimed at providing resources and contacts for early-stage startups.

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