Battery Ventures
 | |
| Private | |
| Industry | Venture capital, Private equity |
| 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 was founded in 1983, has offices in Boston, Massachusetts, Menlo Park, California, San Francisco, California and Herzliya, Israel. 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
The firm was founded in 1983 by Rick Frisbie, Howard Anderson[3] and Bob Barrett.[4]
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, Avalara, Bazaarvoice, Calxeda, Chef, Cumulus Networks, Guidewire, Exact Target, Groupon, Goeuro, Fastly, J.Hilburn, KeyMe, Mendix, 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
- ↑ Battery Ventures Jump-Starts Avalara With $20 Million in Capital
- ↑ Battery Ventures Raises New $750 Million Fund
- ↑ A Pioneer in Consulting Is Leaving Yankee Group. New York Times, November 8, 1999
- ↑ 2004 – A Milestone Year at Battery. Battery Ventures Newsletter
- Battery Ventures Jump-Starts Avalara With $20 Million in Capital. 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
External links
- Battery Ventures (company website)
- Battery Ventures on Twitter
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