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Battery Ventures
Company typePrivate
IndustryPrivate equity
FoundersRick Frisbie, Howard Anderson, Bob Barrett
HeadquartersBoston, Massachusetts, United States
ProductsVenture capital
Total assets$13 billion
Number of employees

Battery Ventures is a global, technology-focused investment firm. Founded in 1983, the firm makes venture-capital and private-equity investments in markets across the globe from offices in Boston, Silicon Valley, San Francisco, Israel and London. Since inception, the firm has raised over $13 billion[1] and is now investing its fourteenth funds, Battery Venture XIV and Battery Ventures Select Fund II, with a combined capitalization of $3.8 billion.[2]


Battery Ventures was founded in 1983 in Boston, Massachusetts by Rick Frisbie,[3] Howard Anderson [4] and Bob Barrett. Since its inception, Battery has raised more than $13 billion in capital through the following fourteen funds and corresponding side funds.[5]

Fund Vintage year Committed capital ($M)
Battery I 1984 $34
Battery II 1988 $42
Battery III 1994 $85
Battery IV 1997 $200
Battery V 1999 $444
Battery VI 2000 $850
Battery VII 2005 $450
Battery VIII 2007 $750
Battery VIII SF 2008 $200
Battery IX 2010 $750
Battery X 2013 $650
Battery X SF 2013 $250
Battery XI 2016 $650
Battery XI SF 2016 $300
Battery XII 2018 $800
Battery XII SF 2018 $450
Battery XIII 2020 $1,200
Battery XIII SF 2020 $800
Battery Select Fund I 2021 $400
Battery XIV 2022 $3,300
Battery Select Fund II 2022 $530

The firm has offices in Boston, San Francisco, Menlo Park, Tel Aviv, London, and New York City.[6]

Current investing general partners include: Neeraj Agrawal,[7] Michael Brown,[8] Morad Elhafed, Jesse Feldman,[9] Russell Fleischer,[10] Roger Lee,[11] Chelsea Stoner,[12] Dharmesh Thakker[13] and Zack Smotherman.[14]


As of 2021, Battery has invested in more than 450 companies, 69 of which have gone public and another 185 have merged or been acquired. [15]

The firm's current investment focus includes: [16]


  1. ^ "About Battery Ventures".
  2. ^ "Battery Ventures Has An Unconventional Playbook For Its $3.8 Billion In New Funds". Forbes. July 14, 2022.
  3. ^ "Battery Ventures Team, Rick Frisbie". Archived from the original on 2016-09-23.
  4. ^ "A Pioneer in Consulting Is Leaving Yankee Group". The New York Times. November 8, 1999.
  5. ^ "Battery Ventures Has An Unconventional Playbook For Its $3.8 Billion In New Funds". Forbes. July 14, 2022.
  6. ^ "Battery Ventures Office Locations".
  7. ^ "Battery Ventures Team, Neeraj Agrawal".
  8. ^ "Battery Ventures Team, Michael Brown".
  9. ^ "Battery Ventures Team, Jesse Feldman".
  10. ^ "Battery Ventures Team, Russell Fleischer".
  11. ^ "Battery Ventures Team, Roger Lee".
  12. ^ "Battery Ventures Team, Chelsea Stoner".
  13. ^ "Battery Ventures Team, Dharmesh Thakker".
  14. ^ "Battery Ventures Team, Zack Smotherman".
  15. ^ "At VC firm Battery Ventures, Michael Brown has quietly built one of tech's most resilient firms, with 254 exits in 38 years". Business Insider. Retrieved 2021-08-21.
  16. ^ "19 Battery Ventures Focus Areas". Battery Ventures. Retrieved 2022-11-10.

Further reading