Battery Ventures raises $750 million

The multi-stage venture firm is looking to pump cash into tech companies at any stage.

Financial trends and news by Matt Bowman
March 11, 2010 | Comments (2)
Short URL: http://vator.tv/n/e51

1436

 Waltham-based Battery Ventures has finalized $750 million in commitments for its ninth venture fund. The firm casts a wide net for deals—it’s stage-agnostic, global (with most of its money going to North America, Israel and India) and almost sector agnostic (within technology). The firm says it wants to help companies focused on “Internet and Digital Media, financial and information services, clean tech, software, enterprise IT, communication services, semiconductors, and industrial technologies.”

Battery has had a pretty good run recently, with two exits already in 2010. The firm’s investment in Healthvision paid off when the company sold to Lawson for $166M in January. Its portfolio company Nova Analytics, which Battery helped buyout in 2003, was bought by ITT in February for an undisclosed amount, though Battery says they did well on the exit.

Many venture firms have either gone out of business or taken in less money in the last two years, as the venture industry hits hard times. The fact that Battery’s new fund is the same size as its preceding one, BV VIII raised during the heyday of 2007, is impressive. Eighty-five percent of the limited partners in BV IX were repeat investors.

Battery’s recent investments include marketing technology startups BlueKai, LiveIntent and Pursway, and education platform eduFire, which pairs up teachers and students online.


Related companies, investors and entrepreneurs

Plogo_edufire_medium-edufire-logo
eduFire
Startup/Business
Description: We have a simple (but not easy) mission: Revolutionize education. Our goal is to create a platform to allow live learning to take pl...

Comments

Bill Keck
Bill Keck, on March 11, 2010

Thank you Vator for keeping your finger on the pulse!


Matt Bowman
Matt Bowman, on March 11, 2010

At your service.


blog comments powered by Disqus
Find your friends' startup new!
Vator is more valuable if you know who's here.
Discover who has a startup and help their success by following their progress!

Featured Stories

Latest company news bites on Vator

Shotfarm - Lee Syrjanen (Development and Channel Marketing Manager)
The 17 Rs of Mobile Marketing: http://bit.ly/x3pDOP
See more
RAVN was featured in a article: "Personalized event-discovery app RAVN launches" about 3 hours ago
Just in time for Valentine's Day, i/o Ventures-incubated start-up emerges See more
Storeboard.com - David Waller (Founder and CEO)
Premium Plans Start at $1 or join for Free at Storeboard.com - The Social Media Site ...
See more
Women Innovate Mobile Accelerator was featured in a article: "Apply to Women Innovate Mobile, get $18k, mentorship" about 5 hours ago
Interview with co-founder Deborah Jacks on the benefits of this NY-based accelerator for women See more