Battery Ventures
 | |
| 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[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
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
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
- ^ "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".
- ^ "Battery Ventures Team, Neeraj Agrawal". www.battery.com.
- ^ "Battery Ventures Team, Michael Brown". www.battery.com.
- ^ "Battery Ventures Team, Jesse Feldman". www.battery.com.
- ^ "Battery Ventures Team, Russell Fleischer". www.battery.com.
- ^ "Battery Ventures Team, Roger Lee". www.battery.com.
- ^ "Battery Ventures Team, Chelsea Stoner". www.battery.com.
- ^ "Battery Ventures Team, Dharmesh Thakker". www.battery.com.
- ^ "Battery Ventures Team, Zack Smotherman".
- ^ "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)