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| Type | Private |
|---|---|
| Founded | 1983 |
| Founder(s) | Rick Frisbie, Howard Anderson, Bob Barrett |
| Headquarters |  Waltham, Massachusetts |
| Industry | Private equity |
| Products | Venture capital |
| Total assets | $3 billion |
| Employees | 20+ |
| Website | www.battery.com |
Battery Ventures is a private equity firm focused on venture capital investments in early stage companies and technology-based leveraged buyouts across the communications, software, infrastructure and media content sectors.
The firm, which is based in Boston, Massachusetts, was founded in 1983. Battery has offices in Herzliya, Israel, Menlo Park and Mumbai, India.
The firm has raised approximately $3 billion of investor commitments since inception across eight funds. As of 2008, Battery is currently investing from its eighth fund, BV VIII, a $750 million fund.[1][2] Battery's previous fund was closed in 2004 with $450 million of investor commitments.[3]
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History
The firm was founded in 1983 by Rick Frisbie, Howard Anderson[4] and Bob Barrett.[5]
Investments
Among the firm's venture capital investments include, among others: @stake, Akamai Technologies, Allegiance Telecom, Broadbus, Cbeyond (NASDAQ: CBEY), Concord Communications NASDAQ: CCRD), Fore Systems, Friendster[6], Infoseek, ITA Software, LIFFE, Ruckus Network, Spot Runner and Tejas Networks.
Battery has also completed acquisitions of companies including Consona Corporation, Cortera and Rogue Wave.
References
- ^ Battery Ventures closes $750m Fund VIII. AltAssets, July 10, 2007
- ^ Battery Ventures completes funding for eighth fund. Globes (Tel Aviv, Israel), July 12 2007
- ^ US Battery Ventures closes $450m venture fund for IT investment. AltAssets, October 5, 2004
- ^ A Pioneer in Consulting Is Leaving Yankee Group. New York Times, November 8, 1999
- ^ 2004 – A Milestone Year at Battery. Battery Ventures Newsletter
- ^ Internet: Friendster Names Chief Executive. New York Times, June 4, 2004
- Drama and Pragmatism Drive Fight Over a Hiring. New York Times, December 24, 2001
- Venture Capitalists See Investors Grow Mutinous. New York Times, April 14, 2002
External links
- Battery Ventures (company website)
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