Battery Ventures Closes $750M Fund

Battery Ventures, which has offices in Waltham, MA, Menlo Park, CA, and Herzeliya, Israel, said today that it has closed its latest fund at the targeted level of $750 million. The firm says it plans to invest the fund—its ninth—in Internet, digital media, financial and information services, cleantech, software, enterprise IT, semiconductors, and industrial technologies. Managing partner Tom Crotty said in a statement that Battery could not have closed the ninth fund at the $750 million target (the same size as its eighth fund) without the “strong support” of existing limited partners, who make up 85 percent of the fund’s investors. Battery’s Boston-area portfolio companies include ITA Software, Pursway, and Viridity; the firm was also an investor in Akamai (NASDAQ: [[ticker:AKAM]]), which went public in 1999.

Author: Wade Roush

Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco. Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.) I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia. I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats. My personal site: waderoush.com My social media coordinates: Twitter: @wroush Facebook: facebook.com/wade.roush LinkedIn: linkedin.com/in/waderoush Google+ : google.com/+WadeRoush YouTube: youtube.com/wroush1967 Flickr: flickr.com/photos/wroush/ Pinterest: pinterest.com/waderoush/