Bain Capital Ventures Invests $12 Million in EDGAR Online

Feb 02, 2010

Bain Capital Ventures has purchased $12 million in stock from EDGAR Online, Inc. In addition to stock, Bain Capital representatives Jeffrey Schwartz and John Connolly will be joining EDGAR Online's board of directors.

EDGAR Online specializes in distribution of public company filings and in the extensible business reporting language (XBRL) financial reporting standard. EDGAR Online expects to use this funding to expand its data and subscription offerings and reinforce its position in the XBRL market.