Battery Ventures is a venture capital

Venture capital

Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...

 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

Menlo Park, California

Menlo Park, California is a city at the eastern edge of San Mateo County, in the San Francisco Bay Area of California, in the United States. It is bordered by San Francisco Bay on the north and east; East Palo Alto, Palo Alto, and Stanford to the south; Atherton, North Fair Oaks, and Redwood City...

. 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.

Investments

Among the firm's mature investments are: Airespace (acquired by Cisco), Akamai Technologies

Akamai Technologies

Akamai Technologies, Inc. is an Internet content delivery network headquartered in Cambridge, Massachusetts, US.The company was founded in 1998 by then-MIT graduate student Daniel M. Lewin, and MIT Applied Mathematics professor Tom Leighton...

 (NASDAQ: AKAM), BladeLogic (acquired by BMC Software), Cbeyond (NASDAQ: CBEY), ITA Software (acquired by Google

Google

Google Inc. is an American multinational public corporation invested in Internet search, cloud computing, and advertising technologies. Google hosts and develops a number of Internet-based services and products, and generates profit primarily from advertising through its AdWords program...

), LIFFE (acquired by Euronext), MetroPCS (NYSE: PCS), Neoteris (acquired by Netscreen), Omniture

Omniture

Omniture is an online marketing and web analytics business unit owned by Adobe Systems. The Omniture Business Unit is based in Orem, Utah, with offices worldwide. It serves customers in 75 countries worldwide.- History :...

 (acquired by Adobe

Adobe

Adobe is a natural building material made from sand, clay, water, and some kind of fibrous or organic material , which the builders shape into bricks using frames and dry in the sun. Adobe buildings are similar to cob and mudbrick buildings. Adobe structures are extremely durable, and account for...

), and Skullcandy (NASDAQ-GM: SKUL).

Emerging companies in Battery's portfolio include: Angie’s List, Bazaarvoice, Calxeda, Guidewire, Exact Target, Groupon

Groupon

Groupon is a deal-of-the-day website that features discounted gift certificates usable at local or national companies. Groupon was launched in November 2008, the first market for Groupon was Chicago, followed soon thereafter by Boston, New York City, and Toronto...

, J.Hilburn, Opscode, Qteros and Redwood Systems.

Battery has also completed acquisitions of companies including Consona Corporation

Consona Corporation

Consona Corporation is a software company delivering software solutions to automate business critical tasks, ranging from marketing, service and support to planning and scheduling, material requirements planning , accounting, product configuration, and business intelligence.-Company History:Consona...

, Cortera

Cortera

Cortera, headquartered in Boca Raton, Florida, USA, is a provider of credit information on businesses and corporations. The company provides business information with a database containing a number of private and public U.S. companies, analytics about each of those companies, and workflow software...

, Data Innovations, Detcon, Gas Measurement Instruments, HighJump, and Rogue Wave Software.

External links

• Battery Ventures (company website)
• @BatteryVentures (company twitter handle)
• Clean Makes Green and The Whole Stack (company blogs)