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| Company type | Private |
|---|---|
| Industry | Private equity |
| Founded | 1983 |
| Founders | Rick Frisbie, Howard Anderson, Bob Barrett |
| Headquarters | Boston, Massachusetts, United States |
| Products | Venture capital |
| Total assets | $13 billion |
| Number of employees | 100+ |
| 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 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 and is now investing its fourteenth funds, Battery Venture XIV and Battery Ventures Select Fund II, with a combined capitalization of $3.8 billion.
History
Battery Ventures was founded in 1983 in Boston, Massachusetts by Rick Frisbie, Howard Anderson and Bob Barrett. Since its inception, Battery has raised more than $13 billion in capital through the following fourteen funds and corresponding side funds.
| Fund | Vintage year | Committed capital ($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 |
| 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.
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.
The firm's current investment focus includes:
- Application software
- Infrastructure software
- Consumer
- Industrial tech + life sciences
References
- "About Battery Ventures". www.battery.com.
- "Battery Ventures Has An Unconventional Playbook For Its $3.8 Billion In New Funds". Forbes. July 14, 2022.
- "Battery Ventures Team, Rick Frisbie". www.battery.com. Archived from the original on 2016-09-23.
- "A Pioneer in Consulting Is Leaving Yankee Group". The New York Times. November 8, 1999.
- "Battery Ventures Has An Unconventional Playbook For Its $3.8 Billion In New Funds". Forbes. July 14, 2022.
- "Battery Ventures Office Locations".
- "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.
- "19 Battery Ventures Focus Areas". Battery Ventures. Retrieved 2022-11-10.
Further reading
- Venture Capitalists Ride Boom in Technology IPOs. Bloomberg, June 25, 2011
- Drama and Pragmatism Drive Fight Over a Hiring. The New York Times, December 24, 2001
- Venture Capitalists See Investors Grow Mutinous. The New York Times, April 14, 2002
External links
- Battery Ventures (company website)
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