|Founder(s)||Rick Frisbie, Howard Anderson, Bob Barrett|
|Headquarters||Waltham, Massachusetts, United States|
|Products||Venture capital, Private equity|
|Total assets||$4 billion|
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. Battery's previous fund was closed in 2007 with $750 million of investor commitments.
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 Ventures Jump-Starts Avalara. All Things Digital, June 27, 2012
- 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
- Battery Ventures (company website)