Battery Ventures

Last updated
Battery Ventures
Company type Private
Industry Private equity
Founded1983
FoundersRick 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. [5]

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. [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]

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References

  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