Battery Ventures

Battery Ventures is a global, technology-focused investment firm. Founded in 1983, the firm makes venture-capital and private-equity investments 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]

Battery Ventures
Private
IndustryPrivate equity
Founded1983
FoundersRick Frisbie, Howard Anderson, Bob Barrett
HeadquartersBoston, Massachusetts, United States
ProductsVenture capital
Total assets$8.9 billion
Number of employees
60+
Websitewww.battery.com

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 by acquirers including Adobe, Apple, AppNeta,[14] BMC, Boeing, BigPanda,[15] Comcast, Danaher, Dataiku,[16] EMC, Google, HotelTonight,[17] Intel, KeyMe,[18] LinkedIn, MetroPCS, Narrative Science,[19] Neolane,[20] Netezza,[21] Niantic,[22] OutlookSoft,[23] Oracle, Panaya,[24] Palo Alto Networks, Prizeo,[25] Qteros,[26] Reflektion,[27] Worldhotels, ResMed, Roper, Salesforce, Scott Safety, SAP, Stratoscale, Visa, WebPT,[28] Yahoo!, and Yesware.[29]

The firm's current investment focus includes:

  • Application software
  • IT infrastructure technologies
  • Consumer internet/mobile
  • Industrial technologies

References

  1. "About Battery Ventures". www.battery.com.
  2. "Battery Ventures Closes Two New Funds Totaling $950 Million". MarketWired. February 23, 2016.
  3. "Battery Ventures Team, Rick Frisbie". www.battery.com. 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 Team, Neeraj Agrawal". www.battery.com.
  6. "Battery Ventures Team, Michael Brown". www.battery.com.
  7. "Battery Ventures Team, Jesse Feldman". www.battery.com.
  8. "Battery Ventures Team, Russell Fleischer". www.battery.com.
  9. "Battery Ventures Team, Roger Lee". www.battery.com.
  10. "Battery Ventures Team, Itzik Parnafes". www.battery.com.
  11. "Battery Ventures Team, Chelsea Stoner". www.battery.com.
  12. "Battery Ventures Team, Dharmesh Thakker". www.battery.com.
  13. "Battery Ventures Team, Scott Tobin". www.battery.com.
  14. "Boston investment firm raises nearly $1 billion for two new funds". www.bizjournals.com. Retrieved 2019-02-27.
  15. "Battery Ventures promotes three to principal and one to VP". PE Hub. 2019-01-15. Retrieved 2019-02-27.
  16. "Bloomberg - Are you a robot?". www.bloomberg.com. Retrieved 2019-02-22.
  17. Perlroth, Nicole. "Travel App HotelTonight Raises $3.25 Million From Battery, Accel and First Round". Forbes. Retrieved 2019-02-22.
  18. "Battery Ventures - Recent News & Activity". Crunchbase. Retrieved 2019-02-27.
  19. "Narrative Science Secures $11.5 Million in Series C Funding". www.businesswire.com. 2013-09-10. Retrieved 2019-02-27.
  20. "Neolane Investors". crunchbase. Retrieved 2019-07-04.
  21. "Netezza Investors". crunchbase. Retrieved 2019-07-04.
  22. "Niantic Investors". crunchbase. Retrieved 2019-07-04.
  23. "OutlookSoft Investors". crunchbase. Retrieved 2019-07-04.
  24. "Panaya - Investors". Crunchbase. Retrieved 2019-07-11.
  25. "Prizeo". Crunchbase. Retrieved 2019-07-11.
  26. "Qteros". Crunchbase. Retrieved 2019-07-11.
  27. "Reflektion". Crunchbase. Retrieved 2019-07-11.
  28. "WebPT Announces Significant Investment from Battery Ventures to Fuel Growth". www.businesswire.com. 2014-06-25. Retrieved 2019-02-22.
  29. "19 Boston venture capital firms transforming the city's tech scene". Built In Boston. Retrieved 2019-02-22.

Further reading

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