Battery Ventures

Last updated
Battery Ventures
Company type Private
Industry Private equity
Founded1983;42 years ago (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]

Contents

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. [2]

Fund Vintage year Committed capital ($M)
Battery I1984$34
Battery II1988$42
Battery III1994$85
Battery IV1997$200
Battery V1999$444
Battery VI2000$850
Battery VII2005$450
Battery VIII2007$750
Battery VIII SF2008$200
Battery IX2010$750
Battery X2013$650
Battery X SF2013$250
Battery XI2016$650
Battery XI SF2016$300
Battery XII2018$800
Battery XII SF2018$450
Battery XIII2020$1,200
Battery XIII SF2020$800
Battery Select Fund I2021$400
Battery XIV2022$3,300
Battery Select Fund II2022$530

The firm has offices in Boston, San Francisco, Menlo Park, Tel Aviv, London, and New York City. [5]

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. [6]

The firm's current investment focus includes: [7]

References

  1. ↑ "About Battery Ventures". www.battery.com.
  2. 1 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 reinvests in London-based Forterro, now holds a 'significant' minority stake - Silicon Canals". 2022-08-23. Retrieved 2025-08-11.
  6. ↑ "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.
  7. ↑ "19 Battery Ventures Focus Areas". Battery Ventures. Retrieved 2022-11-10.

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