Battery Ventures

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Battery Ventures
Private
Industry Venture capital
Founded 1983
Founders Rick Frisbie, Howard Anderson, Bob Barrett
Headquarters Boston, Massachusetts, United States
Products Venture capital, Private equity
Total assets $4 billion
Number of employees
60+
Website www.battery.com

Battery Ventures is a venture capital firm that invests in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, e-commerce, digital media and industrial technologies.

The firm, which is based in Boston, Massachusetts, was founded in 1983. Battery Ventures also has offices in Herzliya, Israel and Menlo Park, California. The firm backs companies at stages ranging from seed to later stage, with investments as low as a few hundred-thousand dollars and 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 ten funds. As of 2013, Battery is currently investing from its tenth fund, BV X and BV X Side Fund, a $900 million fund.[1] Battery's previous fund was closed in 2010 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]