What Battery Ventures does

Battery Ventures is a global venture capital and private equity firm founded in 1983 and headquartered in Boston, with six offices spanning North America, Europe, and Asia. The firm invests across stages — from early through growth and buyout — exclusively in technology and technology-enabled businesses, organized around four focus areas: Application Software, Infrastructure Software, Consumer, and Industrial Technology & Life Science Tools. Since inception, Battery has backed 530+ companies, producing 73 IPOs and 225+ M&A outcomes, and has raised more than $16B in cumulative capital, with its most recent flagship, Battery Ventures XV, closing at $3.25B in February 2026.

The firm's business model is that of a traditional closed-end venture partnership: it raises multi-year funds from institutional limited partners, charges a management fee (industry-standard ~2% of committed/invested capital) to cover operations, and earns carried interest on realized gains above a preferred return. Differentiation versus capital-only peers comes from an in-house portfolio services platform spanning go-to-market, talent, business development, marketing, and finance, supplemented by the external Battery Catalyst Network of operating advisors. Capital is deployed across three primary modes: minority venture and growth equity in high-growth software and consumer companies, control buyouts in industrial technology and life science tools (e.g., the steute Technologies platform and follow-on bolt-ons of Electro-Sensors, KIEPE, and Oldelft Ultrasound), and selective take-privates (e.g., Enzo Biochem in 2022 and 1Spatial/VertiGIS in 2026).

Battery's recent activity signals a deliberate tilt toward AI as a featured investment vertical — concentrated Series B participation in 2026 in Aalyria, Coram AI, Letter AI, GenLogs, and Triomics — alongside continued European industrial-tech buy-and-build and a steady cadence of liquidity events, including the prior sale of a majority stake in Forterro to Partners Group. With 101-250 employees and a 40+ year track record, the firm operates as a scaled, top-quartile multi-stage technology investor rather than a niche specialist.

Name

Battery Ventures

Legal name

Battery Management Corp.

Website

https://battery.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

251–500 employees

Short description

Battery Ventures is a global multi-stage venture capital and private equity firm founded in 1983, investing in technology companies across application software, infrastructure software, consumer, and industrial/life sciences. It serves institutional LPs from six global offices and has backed 530+ companies with $16B+ raised cumulatively.

Ownership category

akta.pro rank

Product category

Venture Capital and Private Equity (Technology Investment)

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Venture Debt Providers (FSANAAAL)

Keywords

• Venture capital investing
• Private equity firm
• Technology growth equity
• Software investment firm
• Buyout fund management

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Fund Management (implied): As a venture capital and private equity firm managing multi-billion-dollar flagship funds (current fund Battery Ventures XV at $3.25B, total AUM cited as more than $16B raised since inception), the primary revenue model follows industry-standard VC economics: recurring management fees on committed/invested capital across flagship funds plus performance-based carried interest on exits. Fee and carry rates are not publicly disclosed.
2. Realized Returns (Carried Interest): Performance-based revenue tied to liquidity events; the firm has reported 15 exit events in 2025 and over $10B in liquidity realized by Battery funds over the last five years, with 73 IPOs and 225+ M&A events across the portfolio's history.

Go-to-market motion4 records

Distribution channels4 records

Marketing channels9 records

Core offering

Battery Ventures is a global venture capital and private equity firm that invests in technology companies across all stages (seed, early-stage venture, growth equity, and buyout). The firm deploys capital from multi-billion-dollar flagship funds (current fund Battery Ventures XV at $3.25B) into four focus areas: Application Software, Infrastructure Software, Consumer, and Industrial Tech + Life Science Tools. In addition to capital, Battery delivers in-house portfolio services (go-to-market coaching, talent and recruiting, business development, marketing and communications, finance and analytics) and the Battery Catalyst Network of external advisors to support portfolio company scaling.

Differentiator

Problem solved

Functional benefit

Products and services

• Battery Ventures XV Flagship Fund
• Application Software Sector Investments
• Infrastructure Software Sector Investments
• Consumer Sector Investments
• Industrial Tech & Life Science Tools Sector Investments
• Go-to-Market + Operator Coaching Service
• Talent + Recruiting Service
• Business Development Service
• Marketing + Communications Service
• Finance + Analytics Service
• Battery Catalyst Network

Quantifiable outcome

• 73 portfolio IPOs and over 225 M&A events across the firm's 40+ year history
• +6 more outcomes

Named customers26 records

Segments8 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered major co-investor (strategic), senior (firm-level), portfolio-level (coram ai) and flagship (firm-level).

• Liberty Mutual Strategic Venturesmajor co-investor (strategic)Strategic or Co-development Partner · 5 May 2026Liberty Mutual Strategic Ventures participated as a strategic investor in Blitzy's $200M growth round at a $1.4B valuation in May 2026, alongside Battery Ventures, Northzone, and others, signaling enterprise demand in the insurance vertical.
• MongoDB (former CEO Max Schireson)senior (firm-level)Strategic or Co-development Partner · 2 April 2026Max Schireson, former CEO of MongoDB, transitioned from an operating partner role to investment partner at Battery Ventures in April 2026, focused on AI, quantum computing, and robotics. Roland Anderson was simultaneously elevated to partner focused on growth and later-stage tech investments.
• Educational Cooperative Purchasing Alliance (ECPA) and Central Indiana Educational Service Center (CIESC)portfolio-level (coram ai)Channel Partner/ Reseller/ Distributor · 20 February 2026Coram AI (Battery-backed) was awarded the statewide RFP for Integrated Security Solutions & Services by ECPA and CIESC, granting Indiana schools, government facilities, and non-profits streamlined access to its cloud-native security platform under a multi-year cooperative purchasing contract.
• Battery Catalyst Networkflagship (firm-level)Strategic or Co-development PartnerBattery Ventures' extended advisory network of external operating experts across multiple disciplines (sales, marketing, finance, technology, talent). The network provides portfolio companies with additional advice and resources as they grow and scale. Complements the in-house portfolio services team.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Insight Partners: Global technology-focused growth equity and venture capital firm with multi-billion-dollar funds, overlapping coverage of application and infrastructure software at growth and buyout stages. Frequently co-invests with Battery (e.g., Jump Series B lead, Baseten Series E, SambaNova).
• Sequoia Capital: Premier global venture and growth investor with deep enterprise software and infrastructure coverage across stages. Comparable on stage-agnostic software investing, sector research orientation, and elite LP base.
• Andreessen Horowitz: Technology-focused venture capital firm with broad sector coverage and a content-led, community-driven platform model. Comparable on brand strength, sector specialization, and portfolio services architecture.
• Bessemer Venture Partners: Long-tenured, multi-stage technology investor with a heavy SaaS/cloud focus and a research-led platform (e.g., State of the Cloud). Closely comparable on software heritage, stage flexibility, and sector research orientation.
• Accel: Global venture capital firm with strong enterprise and consumer software franchises across the U.S. and Europe. Comparable on stage coverage, sector specialization, and cross-border investing.
• IVP (Institutional Venture Partners): Late-stage venture and growth equity investor in enterprise software, consumer, and infrastructure. Direct overlap on growth-stage deals (e.g., co-led Baseten Series E with Battery participation).
• Vista Equity Partners: Software-dedicated private equity firm writing large growth and buyout checks. Direct overlap with Battery's growth/buyout software strategy and frequent co-investment partner (e.g., SambaNova Series E).
• TA Associates: Global growth equity firm with a long-running technology franchise across application software, fintech, and tech-enabled services. Comparable on stage-agnostic software investing and global footprint.
• General Atlantic: Global growth equity firm investing across technology, consumer, and financial services. Comparable on growth-stage software coverage, international footprint, and LP base.
• Thoma Bravo: Software-focused private equity firm with multi-billion-dollar buyout and growth funds. Direct overlap with Battery's software buyout practice (Enzo Biochem take-private, Forterro-era activity).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/batteryventures
• LinkedInlinkedin.com/company/battery-ventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A53 records

Investments952 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Battery Ventures