Battery Ventures

Battery Ventures
Private
Industry Venture capital, Private equity
Founded 1983
Founders Rick Frisbie, Howard Anderson, Bob Barrett
Headquarters Boston, Massachusetts, United States
Products Venture capital, Private equity
Total assets $5.6 billion
Number of employees
 60+
Website www.battery.com

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 and Israel. Since inception, the firm has raised over $5.6 billion[1] and is now investing its eleventh funds, Battery Ventures XI and Battery Ventures XI Side Fund, with a combined capitalization of $950 million.[2]

The firm

Battery’s global venture-capital practice spans technology sectors and investment stages ranging from seed to growth. The team focuses on potentially cutting-edge, category-defining businesses in markets including application software, IT infrastructure and consumer internet/mobile.[3]

Battery’s private-equity practice focuses on helping technology companies in the U.S., Europe, Israel and elsewhere grow organically and through acquisitions. Working primarily with businesses in the software, information-technology and industrial-technology sectors, the investment team is experienced with sophisticated deal structures such as leveraged buyouts, PIPEs, divestitures, rollups and take-privates, as well as debt arrangements and secondary transactions.[4]

History

Battery Ventures was founded in 1983 in Boston, Massachusetts by Rick Frisbie,[5] Howard Anderson [6] and Bob Barrett. Since inception, Battery has raised more than $5.6 billion in capital through the following eleven 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

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,[7] Michael Brown,[8] Jesse Feldman,[9] Russell Fleischer,[10] Roger Lee,[11] Itzik Parnafes,[12] Chelsea Stoner,[13] Dharmesh Thakker[14] and Scott Tobin.[15]

Investments

In its 33-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, BMC, Boeing, Comcast, Danaher, EMC, Google, Intel, LinkedIn, MetroPCS, Oracle, Palo Alto Networks, Worldhotels, ResMed, Roper, Salesforce, Scott Safety, SAP, Visa and Yahoo!.

The firm’s current investment focus includes:

o Application software, including: data-enabled business software; marketing technology; financial technologies; vertical business software; and tech-enabled business services.

o IT infrastructure technologies spanning: compute; storage; networking; infrastructure management; and enterprise security.

o Consumer internet/mobile

o Industrial technologies, including: analytical instrumentation; test and measurement; process control and automation; and specialty industrial services.

Visit http://www.battery.com/our-companies/ for a full list of all portfolio companies in which the Battery funds have invested.

References

Further reading

External links

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