Battery Ventures Closes Two Funds Totaling $900M

Date:
Thursday February 21, 2013

Company Name:
Battery Ventures

Company Website:
http://www.battery.com/

Deal:
Funding

Source:
http://bit.ly/Xyq5m2

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.