Deals

Battery Ventures Closes Two Funds Totaling $900M
Date: 
Thursday, February 21, 2013
Location: 
Waltham, MA
Deal Type: 
Funding

Battery Ventures today announced that is has closed two new funds,
Battery Ventures X (BV X) at its $650M target, and Battery Ventures X
Side Fund (BV X Side Fund) at its $250M target.  Battery will continue
its focus on Seed, Early, Growth and Buyout opportunities in technology
and related markets.  The firm raised predecessor fund Battery Ventures
IX ($750M) in March 2010.

Battery targets investments from as little as a few hundred thousand
dollars during the formative stages of a business, to more than $100
million to support later stage growth and buyout situations.  BV X and
BV X Side Fund will be co-invested, with the Side Fund providing the
flexibility to support larger growth and buyout situations without
disrupting the concentration in BV X. The firm funds companies
worldwide, with the majority of its investments in North America, Israel
and Europe.