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Laxman Pai, Opalesque Asia: Global technology-focused investment firm Battery Ventures has raised $3.8 billion across two new funds.
The new funds, include Battery Ventures XIV and a companion fund, together capitalized at $3.3 billion, and the $530 million Battery Ventures Select Fund II.
According to a press note from the venture capital firm with offices in Boston, Silicon Valley, and Israel, Battery Ventures Select Fund II is a vehicle intended to make additional investments primarily in portfolio companies of the firm's other funds.
"Battery will use the new capital to continue investing in companies at all stages, from seed and early-stage venture to buyout, in areas such as business software, including fin-tech and healthcare-IT; infrastructure software, including data/AI, developer tools, and cybersecurity; consumer technology; and industrial technology and life-science tools," the release said.
The technology-focused investment firm pursues a collaborative, research-driven style of investing and operates as one global team from offices in Boston, San Francisco, Menlo Park, New York, London, and Tel Aviv, it added.
Battery has invested in more than 450 companies globally since its inception, excluding seed-stage deals, resulting in 73 total IPOs and 195 M&A events. Eight of the firm's companies staged IPOs in 2021, and 13 had M&A exits. The portfolio companies that went public last year were Affirm, Amplitude, Braze, Coinbase, Confluent, ...................... To view our full article Click here
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