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Venture Capital

Battery Ventures

Battery Ventures backs early-stage and high-growth companies, typically pre-profit, from Boston, Massachusetts, USA. It states a focus on software & internet, healthcare & life sciences, consumer & retail and industrials & manufacturing.

Capital raised$13bnacross 16 SEC-filed vehicles
Most recent fund2026filing since 2016
HeadquartersBoston, Massachusetts, USA
Stated fund sizeFund XV: $3.25B

Stated investment criteria

What Battery Ventures says it buys

Read from Battery Ventures’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Founded19831

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Nothing here is a commitment by Battery Ventures to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Battery Ventures has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed16
Total capital raised$13bn
Largest single vehicle$3.3bn
Filing history2016 to 2026
Smallest accepted commitment$200k
Filed fromMASSACHUSETTS

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Battery Ventures is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$16bn
Employees113
Private funds advised60 · $16bn gross
SEC adviser numberCRD 160921

Recorded transactions

Buying and selling

Deals in which Battery Ventures is named as buyer or seller in the transaction archive. 12 recorded exits, most recently in 2022. 3 recorded acquisitions.

CompanySideCounterpartyYearConsideration
TrueContextBought2024$150m
StreamSetsSoldSoftware AG2022$591m
Concurrent Real-TimeSoldSpectris2021$167m
Blue Jeans NetworkSoldVerizon Communications2020$400m
OpsGenieSoldAtlassian2018$295m
SingleHop LLCSoldInternap Network Services2018$132m
Practice FusionSoldVeradigm2018$100m
Concurrent Real-TimeBoughtCCUR Holdings2017$35m
Brightree LLCSoldResMed2016$800m
Trust International Hotel Reservation Services GmbHSoldSabre2015$154m
cVidya NetworksSoldAmdocs2015$30m
QognifyBoughtNICE2015$100m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other venture capital investors active in software & internet.