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{{advert|date=July 2021}}
{{Short description|Global technology-focused investment firm}}
{{Infobox company
{{Infobox company
| name = Battery Ventures
| name = Battery Ventures
| logo = [[Image:Battery Ventures logo.png|100px|Battery Ventures logo]]
| logo = File:Battery logo.png
| type = [[Private Company|Private]]
| type = [[Private Company|Private]]
| industry = [[Private equity]]
| industry = [[Private equity]]
| products = [[Venture capital]]
| products = [[Venture capital]]
| assets = $6.9 billion
| assets = $13 billion
| num_employees = 60+
| num_employees = 100+
| homepage = [http://www.battery.com www.battery.com]
| homepage = [http://www.battery.com www.battery.com]
| foundation = 1983
| foundation = 1983
Line 13: Line 15:
}}
}}


'''Battery Ventures''' is a global, technology-focused investment firm. Founded in 1983, the firm makes [[Venture capital|venture-capital]] and [[Private equity|private-equity]] investments from offices in [[Boston]], [[Silicon Valley]], [[San Francisco]] and [[Israel]]. Since inception, the firm has raised over $6.9 billion<ref>{{Cite web|url=https://www.battery.com/private-equity/|title=About Battery Ventures|last=|first=|date=|website=www.battery.com|publisher=|access-date=}}</ref> and is now investing its twelfth funds, Battery Ventures XII and Battery Ventures XII Side Fund, with a combined capitalization of $1.25 billion.<ref>{{Cite web|url=http://www.marketwired.com/press-release/battery-ventures-closes-two-new-funds-totaling-950-million-2099203.htm|title=Battery Ventures Closes Two New Funds Totaling $950 Million|last=|first=|date=February 23, 2016|website=MarketWired|publisher=|access-date=}}</ref>
'''Battery Ventures''' is a global, technology-focused investment firm. Founded in 1983, the firm makes [[Venture capital|venture-capital]] and [[Private equity|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<ref>{{Cite web|url=https://www.battery.com/private-equity/|title=About Battery Ventures|website=www.battery.com}}</ref> and is now investing its fourteenth funds, Battery Venture XIV and Battery Ventures Select Fund II, with a combined capitalization of $3.8 billion.<ref>{{Cite web|url=https://www.forbes.com/sites/kenrickcai/2022/07/13/battery-ventures-fund-14-unconventional-playbook-buyouts/?sh=6e86aa893ecc|title=Battery Ventures Has An Unconventional Playbook For Its $3.8 Billion In New Funds|date=July 14, 2022|website=Forbes}}</ref>


==History==
==History==
Battery Ventures was founded in 1983 in Boston, Massachusetts by Rick Frisbie,<ref>{{Cite web|url=https://www.battery.com/our-team/member/rick-frisbie/|title=Battery Ventures Team, Rick Frisbie|last=|first=|date=|website=www.battery.com|publisher=|access-date=}}</ref> Howard Anderson <ref>{{Cite news|url=https://www.nytimes.com/1999/11/08/business/a-pioneer-in-consulting-is-leaving-yankee-group.html|title=A Pioneer in Consulting Is Leaving Yankee Group|last=|first=|date=November 8, 1999|work=The New York Times|access-date=|via=}}</ref> and Bob Barrett. Since its inception, Battery has raised more than $6.9 billion in capital through the following twelve funds and corresponding side funds:
Battery Ventures was founded in 1983 in [[Boston|Boston, Massachusetts]] by Rick Frisbie,<ref>{{Cite web|url=https://www.battery.com/our-team/member/rick-frisbie/|title=Battery Ventures Team, Rick Frisbie|website=www.battery.com|archive-url=https://web.archive.org/web/20160923073148/https://www.battery.com/our-team/member/rick-frisbie/|archive-date=2016-09-23|url-status=dead}}</ref> Howard Anderson <ref>{{Cite news|url=https://www.nytimes.com/1999/11/08/business/a-pioneer-in-consulting-is-leaving-yankee-group.html|title=A Pioneer in Consulting Is Leaving Yankee Group|date=November 8, 1999|work=The New York Times}}</ref> and Bob Barrett. Since its inception, Battery has raised more than $13 billion in capital through the following fourteen funds and corresponding side funds.<ref>{{Cite news|url=https://www.forbes.com/sites/kenrickcai/2022/07/13/battery-ventures-fund-14-unconventional-playbook-buyouts/?sh=6e86aa893ecc|title=Battery Ventures Has An Unconventional Playbook For Its $3.8 Billion In New Funds|date=July 14, 2022|work=Forbes}}</ref>
{| class="wikitable"
{| class="wikitable"
|'''Fund'''
! Fund
|'''[[Vintage year]]'''
! [[Vintage year]]
|'''Committed capital ($m)'''
! Committed capital ($M)
|-
|-
|Battery I
|Battery I
Line 85: Line 87:
|2018
|2018
|$450
|$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
|}
|}
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.


The firm has offices in [[Boston]], [[San Francisco]], Menlo Park, [[Tel Aviv]], [[London]], and [[New York City]].<ref>{{Cite web|url=https://www.battery.com/about/|title=Battery Ventures Office Locations}}</ref>
⚫
Current investing general partners include: Neeraj Agrawal,<ref>{{Cite web|url=https://www.battery.com/our-team/member/neeraj-agrawal/|title=Battery Ventures Team, Neeraj Agrawal|last=|first=|date=|website=www.battery.com|publisher=|access-date=}}</ref> Michael Brown,<ref>{{Cite web|url=https://www.battery.com/our-team/member/michael-brown/|title=Battery Ventures Team, Michael Brown|last=|first=|date=|website=www.battery.com|publisher=|access-date=}}</ref> Morad Elhafed, Jesse Feldman,<ref>{{Cite web|url=https://www.battery.com/our-team/member/jesse-feldman/|title=Battery Ventures Team, Jesse Feldman|last=|first=|date=|website=www.battery.com|publisher=|access-date=}}</ref> Russell Fleischer,<ref>{{Cite web|url=https://www.battery.com/our-team/member/russell-fleischer/|title=Battery Ventures Team, Russell Fleischer|last=|first=|date=|website=www.battery.com|publisher=|access-date=}}</ref> Roger Lee,<ref>{{Cite web|url=https://www.battery.com/our-team/member/roger-lee/|title=Battery Ventures Team, Roger Lee|last=|first=|date=|website=www.battery.com|publisher=|access-date=}}</ref> Itzik Parnafes,<ref>{{Cite web|url=https://www.battery.com/our-team/member/itzik-parnafes/|title=Battery Ventures Team, Itzik Parnafes|last=|first=|date=|website=www.battery.com|publisher=|access-date=}}</ref> Chelsea Stoner,<ref>{{Cite web|url=https://www.battery.com/our-team/member/chelsea-stoner/|title=Battery Ventures Team, Chelsea Stoner|last=|first=|date=|website=www.battery.com|publisher=|access-date=}}</ref> Dharmesh Thakker<ref>{{Cite web|url=https://www.battery.com/our-team/member/dharmesh-thakker/|title=Battery Ventures Team, Dharmesh Thakker|last=|first=|date=|website=www.battery.com|publisher=|access-date=}}</ref> and Scott Tobin.<ref>{{Cite web|url=https://www.battery.com/our-team/member/scott-tobin/|title=Battery Ventures Team, Scott Tobin|last=|first=|date=|website=www.battery.com|publisher=|access-date=}}</ref>

⚫
Current investing general partners include: Neeraj Agrawal,<ref>{{Cite web|url=https://www.battery.com/our-team/member/neeraj-agrawal/|title=Battery Ventures Team, Neeraj Agrawal|website=www.battery.com}}</ref> Michael Brown,<ref>{{Cite web|url=https://www.battery.com/our-team/member/michael-brown/|title=Battery Ventures Team, Michael Brown|website=www.battery.com}}</ref> Morad Elhafed, Jesse Feldman,<ref>{{Cite web|url=https://www.battery.com/our-team/member/jesse-feldman/|title=Battery Ventures Team, Jesse Feldman|website=www.battery.com}}</ref> Russell Fleischer,<ref>{{Cite web|url=https://www.battery.com/our-team/member/russell-fleischer/|title=Battery Ventures Team, Russell Fleischer|website=www.battery.com}}</ref> Roger Lee,<ref>{{Cite web|url=https://www.battery.com/our-team/member/roger-lee/|title=Battery Ventures Team, Roger Lee|website=www.battery.com}}</ref> Chelsea Stoner,<ref>{{Cite web|url=https://www.battery.com/our-team/member/chelsea-stoner/|title=Battery Ventures Team, Chelsea Stoner|website=www.battery.com}}</ref> Dharmesh Thakker<ref>{{Cite web|url=https://www.battery.com/our-team/member/dharmesh-thakker/|title=Battery Ventures Team, Dharmesh Thakker|website=www.battery.com}}</ref> and Zack Smotherman.<ref>{{Cite web|url=https://www.battery.com/people/zack-smotherman|title=Battery Ventures Team, Zack Smotherman}}</ref>


==Investments==
==Investments==
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. <ref>{{Cite web|url=https://www.businessinsider.com/battery-ventures-vc-michael-brown-investing-strategy-nvca-chairman-2021-8|title=At VC firm Battery Ventures, Michael Brown has quietly built one of tech's most resilient firms, with 254 exits in 38 years|website=Business Insider|language=en|access-date=2021-08-21}}</ref>
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 Inc.|Apple]], [[AppNeta]],<ref>{{Cite web|url=https://www.bizjournals.com/boston/blog/startups/2016/02/boston-investment-firm-raises-nearly-1-billion-for.html|title=Boston investment firm raises nearly $1 billion for two new funds|last=|first=|date=|website=www.bizjournals.com|archive-url=|archive-date=|dead-url=|access-date=2019-02-27}}</ref> [[BMC Software|BMC]], [[Boeing]], [[BigPanda]],<ref>{{Cite web|url=https://www.pehub.com/2019/01/battery-ventures-promotes-three-to-principal-and-one-to-vp/|title=Battery Ventures promotes three to principal and one to VP|date=2019-01-15|website=PE Hub|access-date=2019-02-27}}</ref> [[Comcast]], [[Danaher Corporation|Danaher]], [[Dataiku]],<ref>{{Cite web|url=https://www.bloomberg.com/tosv2.html?vid=&uuid=11f90760-3699-11e9-99d3-b540374b6b4c&url=L3Jlc2VhcmNoL3N0b2Nrcy9wcml2YXRlL3NuYXBzaG90LmFzcD9wcml2Y2FwSWQ9MTkwOTM=|title=Bloomberg - Are you a robot?|website=www.bloomberg.com|access-date=2019-02-22}}</ref> [[EMC Corporation|EMC]], [[Google]], [[HotelTonight]],<ref>{{Cite web|url=https://www.forbes.com/sites/nicoleperlroth/2011/05/10/travel-app-hoteltonight-raises-3-25-million-from-battery-accel-and-first-round/|title=Travel App HotelTonight Raises $3.25 Million From Battery, Accel and First Round|last=Perlroth|first=Nicole|website=Forbes|language=en|access-date=2019-02-22}}</ref> [[Intel]], [[KeyMe]],<ref>{{Cite web|url=https://www.crunchbase.com/organization/battery-ventures/timeline/timeline|title=Battery Ventures - Recent News & Activity|website=Crunchbase|language=en|access-date=2019-02-27}}</ref> [[LinkedIn]], [[MetroPCS]], [[Oracle Corporation|Oracle]], [[Palo Alto Networks]], [[Worldhotels]], [[ResMed]], [[Roper Technologies|Roper]], [[Salesforce.com|Salesforce]], Scott Safety, [[SAP SE|SAP]], [[Stratoscale]], Visa, [[WebPT]],<ref>{{Cite web|url=https://www.businesswire.com/news/home/20140625005390/en/WebPT-Announces-Significant-Investment-Battery-Ventures-Fuel|title=WebPT Announces Significant Investment from Battery Ventures to Fuel Growth|date=2014-06-25|website=www.businesswire.com|language=en|access-date=2019-02-22}}</ref> [[Yahoo!]], and [[Yesware]].<ref>{{Cite web|url=https://www.builtinboston.com/2016/09/02/boston-venture-capital-firms-transforming-citys-tech-scene|title=19 Boston venture capital firms transforming the city's tech scene|website=Built In Boston|language=en|access-date=2019-02-22}}</ref>


The firm's current investment focus includes: <ref>{{Cite web|url=https://www.battery.com/about/|title=19 Battery Ventures Focus Areas|website=Battery Ventures|language=en|access-date=2022-11-10}}</ref>
The firm’s current investment focus includes:


*Application software
*Application software
*Infrastructure software
*IT infrastructure technologies
*Consumer internet/mobile
*Consumer
*Industrial technologies
*Industrial tech + life sciences


==References==
==References==
Line 117: Line 140:


[[Category:Companies based in Boston]]
[[Category:Companies based in Boston]]
[[Category:Companies established in 1983]]
[[Category:Financial services companies established in 1983]]
[[Category:Venture capital firms of the United States]]
[[Category:Venture capital firms of the United States]]
[[Category:1983 establishments in Massachusetts]]
[[Category:1983 establishments in Massachusetts]]

Latest revision as of 10:10, 11 August 2024

Battery Ventures
Company typePrivate
IndustryPrivate equity
Founded1983
FoundersRick Frisbie, Howard Anderson, Bob Barrett
HeadquartersBoston, Massachusetts, United States
ProductsVenture capital
Total assets$13 billion
Number of employees
100+
Websitewww.battery.com

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]

History

[edit]

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]

Investments

[edit]

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]

  • Application software
  • Infrastructure software
  • Consumer
  • Industrial tech + life sciences

References

[edit]
  1. ^ "About Battery Ventures". www.battery.com.
  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". 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 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". www.battery.com.
  8. ^ "Battery Ventures Team, Michael Brown". www.battery.com.
  9. ^ "Battery Ventures Team, Jesse Feldman". www.battery.com.
  10. ^ "Battery Ventures Team, Russell Fleischer". www.battery.com.
  11. ^ "Battery Ventures Team, Roger Lee". www.battery.com.
  12. ^ "Battery Ventures Team, Chelsea Stoner". www.battery.com.
  13. ^ "Battery Ventures Team, Dharmesh Thakker". www.battery.com.
  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

[edit]
[edit]
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