Battery Ventures

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Battery Ventures
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]

History[edit]

The firm was founded in 1983 by Rick Frisbie, Howard Anderson[3] and Bob Barrett.[4]

Investments[edit]

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, Avalara, Bazaarvoice, Calxeda, Chef, Cumulus Networks, Guidewire, Exact Target, Groupon, Goeuro, Fastly, J.Hilburn, KeyMe, Qteros, Coupa, STELLAService, InstaEDU 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.

References[edit]

External links[edit]