This article contains content that is written like an advertisement. Please help improve it by removing promotional content and inappropriate external links, and by adding encyclopedic content written from a neutral point of view. (July 2021) (Learn how and when to remove this template message)
Global technology-focused investment firm
Battery Ventures is an American 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 $8.9 billion[1] and is now investing its thirteenth funds, Battery Ventures XIII and Battery Ventures XIII Side Fund, with a combined capitalization of $2 billion.[2]
History
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 $8.9 billion in capital through the following twelve funds and corresponding side funds:
| Fund
|
Vintage year
|
Committed capital ($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
|
In 1995, the firm opened its second office in Menlo Park, California, followed by the opening of its Israel office in 2009, and the addition of its San Francisco office in 2015.
Current investing general partners include: Neeraj Agrawal,[5] Michael Brown,[6] Morad Elhafed, Jesse Feldman,[7] Russell Fleischer,[8] Roger Lee,[9] Itzik Parnafes,[10] Chelsea Stoner,[11] Dharmesh Thakker[12] and Scott Tobin.[13]
Investments
In its 35-year history, Battery has invested in more than 400 companies globally resulting in more than 60 IPOs and more than 170 M&A events [14]
The firm's current investment focus includes:
- Application software
- IT infrastructure technologies
- Consumer internet/mobile
- Industrial technologies
