| Battery Ventures | |
| Type: | Private |
| Industry: | Private equity |
| Products: | Venture capital |
| Assets: | $13 billion |
| Num Employees: | 100+ |
| Homepage: | www.battery.com |
| Foundation: | 1983 |
| Founders: | Rick Frisbie, Howard Anderson, Bob Barrett |
| Location: | Boston, Massachusetts, United States |
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]
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]
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]