{"id":643360,"date":"2013-02-21T12:24:08","date_gmt":"2013-02-21T17:24:08","guid":{"rendered":"http:\/\/www.pehub.com\/?p=187592"},"modified":"2013-02-21T12:24:08","modified_gmt":"2013-02-21T17:24:08","slug":"battery-recharges-with-two-new-funds-totaling-900m","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/643360","title":{"rendered":"Battery Recharges With Two New Funds Totaling $900M"},"content":{"rendered":"

Battery Ventures <\/strong>announced that it has raised $650 million for its 10th fund, and a $250 million side fund to support later stage, growth and buyout deals. The firm said it began raising the fund in October. Battery Ventures raised $750 million for its ninth fund, which closed in early 2010. The new funds come amid various personnel changes at the firm, including the hiring of Jonathan Sills<\/strong> as executive-in-residence and Aarthi Ramamurthy<\/strong> as entrepreneur-in residence, as well as promoting Itzik Parnafes<\/strong> to general partner and Mike Dauber <\/strong>to principal, among others.<\/strong><\/p>\n

PRESS RELEASE<\/strong><\/p>\n

Battery Ventures Closes Two Funds Totaling $900M<\/p>\n

Battery Ventures X Capitalized at $650M, Battery Ventures X Side Fund Capitalized at $250M; Firm will Continue to Invest in Technology in Early, Growth and Buyout Stages<\/p>\n

WALTHAM, MA, MENLO PARK, CA, HERZLIYA, ISRAEL; Feb 21, 2013 – Battery Ventures today announced that is has closed two new funds, Battery Ventures X (BV X) at its $650M target, and Battery Ventures X Side Fund (BV X Side Fund) at its $250M target.\u00a0 Battery will continue its focus on Seed, Early, Growth and Buyout opportunities in technology and related markets.\u00a0 The firm raised predecessor fund Battery Ventures IX ($750M) in March 2010.<\/p>\n

Battery targets investments from as little as a few hundred thousand dollars during the formative stages of a business, to more than $100 million to support later stage growth and buyout situations.\u00a0 BV X and BV X Side Fund will be co-invested, with the Side Fund providing the flexibility to support larger growth and buyout situations without disrupting the concentration in BV X. The firm funds companies worldwide, with the majority of its investments in North America, Israel and Europe.<\/p>\n

In 2012, four of Battery\u2019s portfolio companies went public: Bazaarvoice, ExactTarget, Guidewire, and Splunk, and nine portfolio companies (excluding Seed investments) were acquired:\u00a0 Amalfi, Anobit, Consona, MCA Solutions, More Magic Solutions, Rogue Wave Software, Send the Trend, VSS Monitoring, and XtremIO.\u00a0 For a full list of Battery\u2019s companies go to: http:\/\/www.battery.com\/our-companies\/list\/.<\/p>\n

\u201cThe landscape has changed dramatically over the years, and we\u2019ve evolved our business to continue to find and fund the most innovative entrepreneurs and management teams around the world,\u201d said Scott Tobin, Battery General Partner.\u00a0 \u201cWe\u2019re grateful for the continued vote of confidence and the longstanding relationship we have with our LPs, and are proud that they recognize our impact on the market and our contribution to growing the technology companies of the future.\u201d<\/p>\n

BV X will continue the strategy Battery has employed over its nearly 30-year history, funding driven entrepreneurs and high-potential businesses that are diversified along sectors, stages and geography.\u00a0\u00a0 The firm does not limit itself to defined percentages of stage, sector or geography, but instead takes a market-driven approach to uncovering the most promising opportunities within its core segments, regardless of the current size of the business or its location.<\/p>\n

Key themes for the coming years include:
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 SaaS\/software for business users, including analytics exploiting big data
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 IT infrastructure including networking, cloud, scale-out and flash storage
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Unique ecommerce, retail and yield management models that leverage mobility and high service levels
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Technology-enabled business services
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Buyouts in markets such as later stage software and industrial technologies, which are ripe for consolidation<\/p>\n

To learn about the companies in Battery\u2019s portfolio, visit:\u00a0 http:\/\/www.battery.com\/our-companies\/#\/<\/p>\n

About Battery Ventures<\/strong>
\nSince 1983, Battery has been investing in category-defining ideas and high potential companies and management teams worldwide. The firm views its investment as a true partnership, and works hard to help its companies carve out unique positions, dominate markets and reach business goals. Battery funds companies in technology and related markets at the Seed, Early, Growth and Buyout stage.\u00a0 For a full list of Battery\u2019s companies go to: http:\/\/www.battery.com\/our-companies\/list\/<\/p>\n

The firm has offices in Boston, Silicon Valley and Israel, and has raised more than $4.5B since inception.\u00a0 For more information, visit www.battery.com.<\/p>\n

The post Battery Recharges With Two New Funds Totaling $900M<\/a> appeared first on peHUB<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Battery Ventures announced that it has raised $650 million for its 10th fund, and a $250 million side fund to support later stage, growth and buyout deals. The firm said it began raising the fund in October. Battery Ventures raised $750 million for its ninth fund, which closed in early 2010. The new funds come […]<\/p>\n","protected":false},"author":7641,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-643360","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/643360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7641"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=643360"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/643360\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=643360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=643360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=643360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}