Thursday, February 21, 2013

Battery Ventures Raises $900M In Two Funds

Menlo Park-based venture investor Battery Ventures has a stack of new bills in its pocket today, announcing that it has raised $900M across two funds. Battery said it closed Battery Ventures X at $650M, and Battery Ventures X Side Fund (BV X Side Fund) at $250M. Both of the funds will go towards seed, early, growth, and buyout opportunities in the technology area. Battery last raised a fund back in 2010, when it raised Battery Ventures IV, worth $750M. The venture capital firm had four notable IPOs in 2012, including Bazaarvoice, ExactTarget, Guidewire, and Splunk, along with nine acquisitions.