Battery Ventures
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| Type | Private |
|---|---|
| Industry | Venture capital |
| Founded | 1983 |
| Founder(s) | Rick Frisbie, Howard Anderson, Bob Barrett |
| Headquarters | Waltham, Massachusetts, United States |
| Products | Venture capital, Private equity |
| Total assets | $4 billion |
| Employees | 60+ |
| Website | www.battery.com |
Battery Ventures is a venture capital firm that invests principally in technology markets including: Internet & Digital Media; Financial & Information Services; Cleantech; Software; Semiconductors & Components; Infrastructure Technologies; Communication Services; and Industrial Technologies.
The firm, which is based in Boston, Massachusetts, was founded in 1983. Battery has offices in Herzliya, Israel, and Menlo Park, California. The firm invests in companies ranging from seed to later stage, with as low as a few hundred thousand dollars up to $100 million. The investment team is adept at sophisticated deal structures such as leveraged buyouts, PIPEs, spin outs, rollups and take-privates, as well as debt arrangements and secondary transactions.
The firm has raised approximately $4 billion of investor commitments since inception across nine funds. As of 2011, Battery is currently investing from its ninth fund, BV IX, a $750 million fund.[1] Battery's previous fund was closed in 2007 with $750 million of investor commitments.[2]
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[edit] History
The firm was founded in 1983 by Rick Frisbie, Howard Anderson[3] and Bob Barrett.[4]
[edit] Investments
Among the firm's mature investments are: Airespace (acquired by Cisco), Akamai Technologies (NASDAQ: AKAM), BladeLogic (acquired by BMC Software), Cbeyond (NASDAQ: CBEY), ITA Software (acquired by Google), LIFFE (acquired by Euronext), MetroPCS (NYSE: PCS), Neoteris (acquired by Netscreen), Omniture (acquired by Adobe), and Skullcandy (NASDAQ-GM: SKUL).
Emerging companies in Battery's portfolio include: Angie’s List, Bazaarvoice, Calxeda, Guidewire, Exact Target, Groupon, J.Hilburn, Opscode, Qteros and Redwood Systems.
Battery has also completed acquisitions of companies including Consona Corporation, Cortera, Data Innovations, Detcon, Gas Measurement Instruments, HighJump, and Rogue Wave Software.
[edit] References
- ^ Battery Ventures Raises New $750 Million Fund
- ^ Battery Ventures closes $750M ninth fund. July 9, 2007
- ^ A Pioneer in Consulting Is Leaving Yankee Group. New York Times, November 8, 1999
- ^ 2004 – A Milestone Year at Battery. Battery Ventures Newsletter
- Three Battery Partners Make Forbes Midas List. Forbes, April 6, 2011
- Venture Capitalists Ride Boom in Technology IPOs. Bloomberg, June 25, 2011
- Anatomy Of A Battery Ventures Deal. Wall Street Journal, January 12, 2010
- Drama and Pragmatism Drive Fight Over a Hiring. New York Times, December 24, 2001
- Venture Capitalists See Investors Grow Mutinous. New York Times, April 14, 2002
[edit] External links
- Battery Ventures (company website)
- @BatteryVentures (company twitter handle)
- Clean Makes Green and The Whole Stack (company blogs)
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