Global venture capital firm Battery Ventures closed two new funds.
With Battery Ventures X, which closed at $650M, and Battery Ventures X Side Fund, which closed at $250M, the firm will continue to focus on Seed, Early, Growth and Buyout opportunities in technology and related markets.
The funds will be co-invested, with the Side Fund providing the flexibility to support larger growth and buyout situations. Battely will continue to support companies worldwide, with the majority of its investments in North America, Israel and Europe.
For the coming years, the firm’s key areas of investment include SaaS/software for business users, including analytics exploiting big data, IT infrastructure including networking, cloud, scale-out and flash storage, Unique ecommerce, retail and yield management models that leverage mobility and high service levels, technology-enabled business services, buyouts in markets such as later stage software and industrial technologies, which are ripe for consolidation
Led by Scott Tobin, General Partner, Battery has offices in Boston, Silicon Valley and Israel.