VC

Battery Ventures logo

Battery Ventures

it infrastructure, consumer internetmobile, industrial technologies, technologyenabled services, application software

Boston, United StatesEst. 1983100battery.com
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Location
Boston, United States
Founded
1983
Team size
100
Focus
Venture Capital & Private Equity
Revenue
$35M
Raised
$14.7B
People
1 listed

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About Battery Ventures

Battery Ventures, established in 1983, is a global, technology-focused investment firm that operates across the U.S., Europe, and Israel. Headquartered in Boston, Massachusetts, the firm is renowned for its comprehensive investment approach, spanning from seed and early-stage ventures to growth equity and buyouts. Battery Ventures has cultivated a collaborative, research-driven investment style, allowing it to identify and back potentially category-defining businesses within core technology sectors. The firm consistently engages in thematic research to pinpoint emerging trends and sector leaders, leveraging over four decades of experience in the technology investment landscape.

Serving a diverse range of companies, Battery Ventures partners with founders and management teams dedicated to developing innovative technologies and disruptive business models. Their portfolio encompasses a broad spectrum of industries, including application software, infrastructure software (such as data/AI, cybersecurity, and developer tools), consumer technology, industrial technology, and life science tools. This stage-agnostic strategy provides a unique perspective on companies at varying maturities, offering tailored support through strategic guidance, operational expertise, and access to an extensive network of industry professionals.

Key achievements highlight Battery Ventures' significant impact on the technology ecosystem. Since its inception, the firm has invested in more than 530 companies, with a notable track record of 73 public offerings and over 225 mergers and acquisitions. The firm has raised more than $16 billion in capital since its founding, reinforcing a stable capital base for long-term partnerships. Recent milestones include the closing of its 15th flagship fund, Battery Ventures XV, in February 2026, capitalised at $3.25 billion, demonstrating its continued commitment to the technology sector, particularly in the era of artificial intelligence.

What sets Battery Ventures apart is its deep, technology-specific expertise combined with a global outlook. The firmโ€™s team comprises ex-operators and growth specialists who provide hands-on assistance in areas such as talent management, business development, go-to-market strategies, and leadership development. This comprehensive support system is designed to help portfolio companies scale efficiently and achieve global leadership. Battery Ventures also demonstrates a commitment to community through The Battery Foundation, a donor-advised fund that supports non-profit initiatives in technology education, health, and economic development.

The leadership team at Battery Ventures features seasoned investors and operators, many of whom have extensive backgrounds in technology and venture capital. General Partners like Neeraj Agrawal, known for his focus on B2B software, and Dharmesh Thakker, who specialises in cloud infrastructure and big data, exemplify the firm's deep industry knowledge. Other prominent leaders include Jesse Feldman, who focuses on industrial-technology and enterprise-software buyouts, and Michael Brown, recognised for his work in enterprise software and fintech. These partners lead a diverse and experienced team dedicated to fostering innovation and driving value creation across their extensive portfolio.

Battery Ventures at a glance

๐Ÿ“…
Stage
Seed, Early-stage, Growth Equity, Buyout (Stage-agnostic)
๐ŸŽฏ
Focus
$1.5M - $300.0M
โšก
Decision process
Battery Ventures employs a collaborative, research-focused, and thesis-driven investment style. The firm undertakes rigorous due diligence, identifying companies with innovative technologies, compelling business models, and strong teams that have the potential to transform industries. They actively seek businesses reshaping markets or creating new ones through scalable models.
๐Ÿฆ
Fund structure
Global, technology-focused investment firm making venture capital and private equity investments across early, growth, and buyout stages. Currently investing from its 15th flagship fund, Battery Ventures XV, capitalised at $3.25 billion, and previously from Battery Ventures XIV ($3.3 billion) and Battery Ventures Select Fund II ($530 million).
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Sector focus
Application Software, Infrastructure Software (including Data/AI, Developer Tools, Cybersecurity), Consumer Technology, Industrial Technology, Life Science Tools, Technology-enabled Services, FinTech, Healthcare IT
๐Ÿ’ฐ
AUM
Approximately $17.8 billion
๐Ÿงญ

Investment thesis

Battery Ventures' investment thesis centres on backing technology-driven companies globally, across all stages from seed to buyout, that demonstrate significant growth potential. The firm focuses on identifying and supporting innovative businesses capable of transforming industries through disruptive models, with a particular emphasis on the impact of artificial intelligence.

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Key partners

N
Neeraj Agrawal
General Partner

Focuses on B2B software companies with high growth potential, often those exhibiting the 'T2D3' growth pattern (triple, triple, double, double, double revenue growth).

D
Dharmesh Thakker
General Partner

Concentrates on early-venture and growth-equity investments in cloud infrastructure, big data, security, and next-generation enterprise applications. Also focuses on the impact of AI across these areas.

J
Jesse Feldman
General Partner

Seeks to back industrial technology and enterprise software companies, often pursuing aggressive, inorganic growth strategies through M&A.

M
Michael Brown
General Partner

Specialises in enterprise software and fintech, identifying companies that can transform these sectors.

C
Chelsea Stoner
General Partner

Leverages Battery's stage-agnostic approach to invest across various stages in the technology sector, identifying promising companies with strong potential.

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Portfolio companies

๐Ÿ’ป
Coinbase
A leading cryptocurrency exchange platform.
๐Ÿ›’
Wayfair
An e-commerce company offering home goods.
๐Ÿ—๏ธ
Guidewire
A provider of software products for property and casualty insurers.
๐Ÿ’ณ
Affirm
A fintech platform offering point-of-sale loans for consumers.
๐Ÿš€
Glassdoor
A website where current and former employees anonymously review companies and their management.

People at Battery Ventures (1)

H
Hailey Wilcox
Venture Capital Investor

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